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

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

A number of other research firms have also recently commented on TWLO. Sanford C. Bernstein cut their target price on shares of Twilio from $70.00 to $68.00 and set a market perform rating for the company in a research note on Wednesday, May 8th. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an overweight rating in a research note on Friday, August 2nd. Robert W. Baird cut their target price on shares of Twilio from $70.00 to $65.00 and set a neutral rating for the company in a research note on Wednesday, May 8th. Tigress Financial assumed coverage on shares of Twilio in a research note on Friday, June 28th. They set a buy rating and a $75.00 target price for the company. Finally, StockNews.com raised shares of Twilio from a hold rating to a buy rating in a research note on Sunday, July 28th. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and a consensus price target of $70.05.

Twilio Trading Up 2.7 %

Shares of Twilio stock opened at $60.63 on Monday. The firm has a 50-day simple moving average of $57.17 and a two-hundred day simple moving average of $60.58. The company has a market cap of $10.38 billion, a P/E ratio of -15.12, a price-to-earnings-growth ratio of 8.28 and a beta of 1.35. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

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

Insider Activity

In other news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the completion of the sale, the chief executive officer now owns 311,325 shares of the company’s stock, valued at approximately $17,745,525. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Khozema Shipchandler sold 24,657 shares of the company’s stock in a transaction that occurred on Friday, June 7th. The shares were sold at an average price of $57.00, for a total value of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares in the company, valued at approximately $17,745,525. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 796 shares of the company’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 $49,105.24. Following the completion of the transaction, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders sold a total of 66,967 shares of company stock valued at $3,796,221 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several large investors have recently made changes to their positions in TWLO. Fifth Third Bancorp acquired a new position in shares of Twilio in the 4th quarter worth approximately $49,000. Arizona State Retirement System lifted its holdings in Twilio by 0.8% during the 4th quarter. Arizona State Retirement System now owns 47,290 shares of the technology company’s stock worth $3,588,000 after buying an additional 378 shares in the last quarter. Chevy Chase Trust Holdings LLC acquired a new stake in Twilio during the 4th quarter worth approximately $206,000. International Assets Investment Management LLC lifted its holdings in Twilio by 6,662.4% during the 4th quarter. International Assets Investment Management LLC now owns 250,750 shares of the technology company’s stock worth $19,024,000 after buying an additional 247,042 shares in the last quarter. Finally, Allworth Financial LP lifted its holdings in Twilio by 266.4% during the 4th quarter. Allworth Financial LP now owns 1,744 shares of the technology company’s stock worth $132,000 after buying an additional 1,268 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.