Twilio (NYSE: TWLO – Get a Note) saw its target price drop by Morgan Stanley investment analysts from $160.00 to $100.00 in a report on Tuesday, reports The Fly. Morgan Stanley’s price target would indicate a potential upside of 44.47% from the current stock price.
Several other brokerages have also recently commented on TWLO. BTIG Research reduced its price target on Twilio shares from $130.00 to $105.00 and placed a “buy” rating on the stock in a Thursday, September 15 research note. KeyCorp began covering Twilio shares in a research note on Monday, September 12. They issued an “overweight” rating and a target price of $96.00 on the stock. Stifel Nicolaus cut his price target on Twilio shares from $90.00 to $80.00 and placed a “hold” rating on the stock in a Thursday, September 15 research note. Piper Sandler cut her price target on Twilio shares from $122.00 to $113.00 and set an “overweight” rating on the stock in a Monday, September 26 research note. Finally, Sanford C. Bernstein launched a hedge on Twilio stock in a Tuesday, July 19 research note. They issued a “market performance” rating and a target price of $91.00 on the stock. An equity research analyst rated the stock with a sell rating, eight gave the company a hold rating and nineteen gave the company a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “moderate buy” and an average target price of $149.31.
Performance of Twilio shares
TWLO traded down $2.77 during Tuesday’s trading, hitting $69.22. 40,132 shares of the company were traded, with an average volume of 4,255,088. Twilio has a fifty-two week low of $64.29 and a fifty-two week high of $373.00. The company has a quick ratio of 6.42, a current ratio of 6.42 and a leverage ratio of 0.09. The company has a 50-day moving average price of $76.11 and a 200-day moving average price of $97.22. The company has a market capitalization of $12.58 billion, a P/E ratio of -11.69 and a beta of 1.50.
Twilio (NYSE:TWLO – Get Rating) last released its quarterly results on Thursday, August 4. The tech company reported ($1.47) earnings per share for the quarter, missing analyst consensus estimates of ($0.96) by ($0.51). Twilio had a negative return on equity of 7.05% and a negative net margin of 31.16%. The company posted revenue of $943.35 million for the quarter, versus analyst estimates of $920.97 million. In the same quarter of the previous year, the company achieved EPS of ($0.94). The company’s quarterly revenue increased 41.0% year over year. As a group, analysts predict Twilio will post earnings per share of -4.27 for the current fiscal year.
Insider activity at Twilio
In related news, COO Khozema Shipchandler sold 3,427 shares of the company in a trade that took place on Monday, August 15. The stock was sold at an average price of $87.13, for a total value of $298,594.51. Following completion of the transaction, the COO now directly owns 86,573 shares of the company, valued at approximately $7,543,105.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. In other Twilio news, insider Dana Wagner sold 1,494 shares of the company in a trade that took place on Monday, August 15. The stock was sold at an average price of $87.15, for a total transaction of $130,202.10. Following the completion of the transaction, the insider now owns 78,171 shares of the company, valued at approximately $6,812,602.65. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Additionally, COO Khozema Shipchandler sold 3,427 shares of the company in a trade that took place on Monday, August 15. The stock was sold at an average price of $87.13, for a total value of $298,594.51. As a result of the transaction, the chief operating officer now directly owns 86,573 shares of the company, valued at approximately $7,543,105.49. The disclosure of this sale can be found here. In the past three months, insiders have sold 12,892 shares of the company worth $1,050,910. 4.96% of the shares are held by insiders of the company.
Institutional investors weigh in on Twilio
Several large investors have recently changed their positions in TWLO. Allstate Corp increased its holdings of Twilio shares by 324.1% in the fourth quarter. Allstate Corp now owns 16,556 shares of the technology company valued at $4,360,000 after buying an additional 12,652 shares in the last quarter. Scholtz & Company LLC increased its stake in Twilio by 16.2% in the fourth quarter. Scholtz & Company LLC now owns 8,639 shares of the technology company valued at $2,275,000 after acquiring an additional 1,205 shares during the period. Matrix Capital Management Company LP increased its stake in Twilio by 5.7% in the fourth quarter. Matrix Capital Management Company LP now owns 1,845,536 shares of the technology company valued at $486,003,000 after acquiring an additional 100,000 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in Twilio by 48.1% in Q4. Global Wealth Management Investment Advisory Inc. now owns 1,596 shares of the technology company valued at $420,000 after acquiring an additional 518 shares during the period. Finally, Accel Growth Fund V Associates LLC bought a new stake in Twilio in the 4th quarter at a value of $817,000. Institutional investors and hedge funds hold 79.32% of the company’s shares.
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Twilio Inc, together with its subsidiaries, provides a cloud-based communications platform that enables developers to create, scale, and leverage customer engagement in software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for almost any type of customer engagement, and allows developers to integrate voice, messaging, video, and email in their apps.
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