Twilio (NYSE:TWLO) Price Target Lowered to $65.00 at Barclays

Twilio (NYSE:TWLO) had its price target trimmed by Barclays from $70.00 to $65.00 in a research report report published on Monday, Benzinga reports. The firm currently has an equal weight rating on the technology company’s stock.

A number of other research analysts have also weighed in on the company. Macquarie dropped their target price on Twilio from $69.00 to $63.00 and set a neutral rating on the stock in a report on Wednesday, May 8th. JPMorgan Chase & Co. lifted their price objective on shares of Twilio from $76.00 to $78.00 and gave the stock an overweight rating in a report on Friday. Tigress Financial assumed coverage on shares of Twilio in a report on Friday, June 28th. They issued a buy rating and a $75.00 target price for the company. Robert W. Baird reduced their price objective on shares of Twilio from $70.00 to $65.00 and set a neutral rating for the company in a research report on Wednesday, May 8th. Finally, Piper Sandler reaffirmed an overweight rating and set a $83.00 price target (up from $77.00) on shares of Twilio in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. According to data from MarketBeat.com, Twilio has a consensus rating of Hold and a consensus price target of $70.05.

Twilio Stock Down 1.8 %

Shares of Twilio stock traded down $1.06 during trading on Monday, reaching $58.86. 2,512,619 shares of the company traded hands, compared to its average volume of 2,910,183. Twilio has a 1-year low of $49.86 and a 1-year high of $78.16. The company has a debt-to-equity ratio of 0.11, a current ratio of 6.55 and a quick ratio of 6.55. The firm has a market capitalization of $10.08 billion, a PE ratio of -14.76, a P/E/G ratio of 8.78 and a beta of 1.35. The company has a 50 day moving average price of $57.09 and a 200-day moving average price of $60.69.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.21% and a negative net margin of 14.02%. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the company posted ($0.23) EPS. The firm’s revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts expect that Twilio will post 0.22 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Aidan Viggiano sold 956 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the transaction, the chief financial officer now directly owns 228,506 shares in the company, valued at approximately $14,096,535.14. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Dana Wagner sold 796 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the transaction, the insider now owns 164,374 shares in the company, valued at approximately $10,140,232.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 956 shares of the business’s stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $58,975.64. Following the sale, the chief financial officer now owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The disclosure for this sale can be found here. Insiders sold 66,967 shares of company stock worth $3,796,221 over the last three months. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently bought and sold shares of TWLO. Vanguard Group Inc. lifted its stake in shares of Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after buying an additional 140,791 shares in the last quarter. Van ECK Associates Corp grew its holdings in Twilio by 35.9% during the 4th quarter. Van ECK Associates Corp now owns 2,856 shares of the technology company’s stock valued at $217,000 after buying an additional 754 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in shares of Twilio in the fourth quarter worth $478,000. V Square Quantitative Management LLC grew its stake in Twilio by 68.2% during the fourth quarter. V Square Quantitative Management LLC now owns 1,954 shares of the technology company’s stock valued at $148,000 after acquiring an additional 792 shares in the last quarter. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Twilio in the 4th quarter worth $1,689,000. 84.27% of the stock is owned by institutional investors.

Twilio Company Profile

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.