Twilio (NYSE:TWLO) Price Target Cut to $77.00 by Analysts at Piper Sandler

Twilio (NYSE:TWLO) had its target price decreased by Piper Sandler from $79.00 to $77.00 in a report released on Wednesday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the technology company’s stock.

Several other analysts have also recently issued reports on TWLO. Oppenheimer reiterated an outperform rating and set a $75.00 target price on shares of Twilio in a research report on Wednesday, April 17th. Canaccord Genuity Group cut their target price on Twilio from $90.00 to $85.00 and set a buy rating for the company in a research report on Wednesday, May 8th. Macquarie cut their price target on Twilio from $69.00 to $63.00 and set a neutral rating for the company in a report on Wednesday, May 8th. Morgan Stanley cut Twilio from an overweight rating to an equal weight rating and cut their price target for the company from $70.00 to $60.00 in a report on Friday, June 14th. Finally, StockNews.com cut Twilio from a buy rating to a hold rating in a report on Tuesday, June 25th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $69.38.

Twilio Stock Up 1.5 %

NYSE TWLO opened at $57.87 on Wednesday. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio has a 52 week low of $49.86 and a 52 week high of $78.16. The stock’s 50-day moving average price is $57.74 and its 200-day moving average price is $62.44. The company has a market capitalization of $9.91 billion, a P/E ratio of -14.43, a price-to-earnings-growth ratio of 9.46 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its earnings results on Tuesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.15. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. The firm had revenue of $1.05 billion during the quarter, compared to analysts’ expectations of $1.03 billion. On average, equities research analysts predict that Twilio will post 0.18 earnings per share for the current year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 956 shares of the firm’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $58,975.64. Following the completion of the sale, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Twilio news, CEO Khozema Shipchandler sold 24,657 shares of Twilio stock in a transaction on Friday, June 7th. The stock was sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the sale, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 956 shares of Twilio stock in a transaction 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 sale, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at $14,096,535.14. The disclosure for this sale can be found here. In the last three months, insiders sold 66,967 shares of company stock valued at $3,796,221. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in Twilio during the 4th quarter valued at $25,000. Activest Wealth Management raised its position in shares of Twilio by 327.9% in the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after acquiring an additional 400 shares in the last quarter. Westend Capital Management LLC bought a new position in shares of Twilio in the 1st quarter worth $35,000. Blue Trust Inc. raised its position in shares of Twilio by 1,566.7% in the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after acquiring an additional 564 shares in the last quarter. Finally, Friedenthal Financial bought a new position in shares of Twilio in the 4th quarter worth $46,000. 84.27% of the stock is owned by 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.