Twilio (NYSE:TWLO) Price Target Cut to $65.00

Twilio (NYSE:TWLO) had its price objective cut by Robert W. Baird from $70.00 to $65.00 in a research note released on Wednesday, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other brokerages also recently weighed in on TWLO. Barclays upped their price target on shares of Twilio from $60.00 to $70.00 and gave the stock an equal weight rating in a report on Wednesday, January 24th. Northland Securities downgraded Twilio from an outperform rating to a market perform rating and set a $66.00 target price on the stock. in a report on Thursday, February 15th. TD Cowen lowered their price target on Twilio from $72.00 to $65.00 and set a market perform rating for the company in a report on Wednesday, March 6th. Royal Bank of Canada restated an underperform rating and set a $50.00 price objective on shares of Twilio in a research report on Wednesday, March 6th. Finally, HSBC downgraded Twilio from a hold rating to a reduce rating and lowered their target price for the stock from $62.00 to $61.00 in a research note on Wednesday, February 14th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of Hold and an average target price of $68.59.

Twilio Price Performance

Twilio stock opened at $58.61 on Wednesday. The firm has a market cap of $10.67 billion, a PE ratio of -10.58 and a beta of 1.33. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64. The stock’s fifty day moving average price is $60.72 and its two-hundred day moving average price is $64.38. Twilio has a one year low of $45.02 and a one year high of $78.16.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.20) by $0.17. Twilio had a negative return on equity of 1.66% and a negative net margin of 24.44%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. As a group, research analysts expect that Twilio will post -0.11 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Khozema Shipchandler sold 10,961 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now owns 335,982 shares in the company, valued at $20,874,561.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the sale, the chief financial officer now owns 167,101 shares of the company’s stock, valued at approximately $10,529,034.01. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock worth $1,910,447 in the last quarter. Company insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. State Board of Administration of Florida Retirement System lifted its position in shares of Twilio by 9.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after buying an additional 17,856 shares in the last quarter. Edmond DE Rothschild Holding S.A. increased its position in shares of Twilio by 113.7% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 16,764 shares of the technology company’s stock valued at $1,025,000 after purchasing an additional 8,919 shares during the last quarter. Motley Fool Wealth Management LLC raised its stake in shares of Twilio by 0.3% during the 1st quarter. Motley Fool Wealth Management LLC now owns 99,123 shares of the technology company’s stock worth $6,061,000 after purchasing an additional 275 shares during the period. Avantax Advisory Services Inc. boosted its holdings in shares of Twilio by 59.7% in the 1st quarter. Avantax Advisory Services Inc. now owns 13,550 shares of the technology company’s stock worth $829,000 after buying an additional 5,063 shares during the last quarter. Finally, Qsemble Capital Management LP grew its position in Twilio by 195.2% during the first quarter. Qsemble Capital Management LP now owns 18,628 shares of the technology company’s stock valued at $1,139,000 after buying an additional 12,318 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.