Twilio (NYSE:TWLO) PT Lowered to $68.00

Twilio (NYSE:TWLO) had its price target lowered by investment analysts at Sanford C. Bernstein from $70.00 to $68.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “market perform” rating on the technology company’s stock. Sanford C. Bernstein’s price objective points to a potential upside of 15.14% from the company’s previous close.

Several other research firms have also commented on TWLO. StockNews.com lowered Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Wells Fargo & Company cut their target price on Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 6th. Oppenheimer reaffirmed an “outperform” rating and issued a $75.00 price target on shares of Twilio in a report on Wednesday, April 17th. Needham & Company LLC reissued a “buy” rating and set a $71.00 price objective on shares of Twilio in a report on Wednesday. Finally, Royal Bank of Canada restated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $68.05.

Twilio Stock Down 6.8 %

NYSE TWLO traded down $4.31 during trading hours on Wednesday, hitting $59.06. 4,369,324 shares of the company were exchanged, compared to its average volume of 3,176,018. The company has a 50 day moving average of $60.72 and a two-hundred day moving average of $64.38. The company has a quick ratio of 6.64, a current ratio of 6.64 and a debt-to-equity ratio of 0.10. The firm has a market cap of $10.75 billion, a price-to-earnings ratio of -10.77 and a beta of 1.33. Twilio has a 52-week low of $45.02 and a 52-week 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 for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.04 billion. Equities research analysts anticipate that Twilio will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the completion of the transaction, the chief financial officer now owns 167,101 shares in the company, valued at approximately $10,529,034.01. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Twilio news, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the sale, the insider now owns 171,744 shares of the company’s stock, valued at $9,567,858.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,694 shares of the business’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 sale, the chief financial officer now owns 167,101 shares in the company, valued at $10,529,034.01. The disclosure for this sale can be found here. Insiders sold a total of 30,958 shares of company stock valued at $1,910,447 over the last three months. 4.20% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

A number of institutional investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Twilio during the 4th quarter worth $25,000. Truvestments Capital LLC raised its position in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after acquiring an additional 247 shares during the last quarter. Activest Wealth Management raised its position in Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after acquiring an additional 400 shares during the last quarter. Westend Capital Management LLC purchased a new stake in shares of Twilio in the first quarter valued at about $35,000. Finally, Blue Trust Inc. grew its position in shares of Twilio by 1,566.7% in the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock valued at $46,000 after purchasing an additional 564 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.