Twilio (NYSE:TWLO) PT Lowered to $77.00

Twilio (NYSE:TWLO) had its price target lowered by equities research analysts at Piper Sandler from $79.00 to $77.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s target price indicates a potential upside of 35.09% from the stock’s previous close.

Several other research firms have also issued reports on TWLO. Canaccord Genuity Group dropped their price target on shares of Twilio from $90.00 to $85.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC reaffirmed a “buy” rating and set a $71.00 price target on shares of Twilio in a research report on Monday, May 20th. StockNews.com lowered shares of Twilio from a “buy” rating to a “hold” rating in a research report on Tuesday, June 25th. Oppenheimer reaffirmed an “outperform” rating and set a $75.00 price target on shares of Twilio in a research report on Wednesday, April 17th. Finally, Sanford C. Bernstein dropped their price target on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research report on Wednesday, May 8th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $69.38.

Twilio Stock Performance

Shares of TWLO opened at $57.00 on Wednesday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 6.55 and a current ratio of 6.55. Twilio has a twelve month low of $49.86 and a twelve month high of $78.16. The firm’s 50 day moving average price is $57.82 and its two-hundred day moving average price is $62.57. The firm has a market cap of $9.76 billion, a P/E ratio of -14.21, a PEG ratio of 9.69 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The business had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, analysts forecast that Twilio will post 0.18 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 796 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the sale, the insider now directly owns 164,374 shares in the company, valued at $10,140,232.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO Aidan Viggiano sold 6,586 shares of the stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $56.26, for a total value of $370,528.36. Following the completion of the transaction, the chief financial officer now owns 188,462 shares of the company’s stock, valued at $10,602,872.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 796 shares of the stock in a transaction dated 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 directly owns 164,374 shares of the company’s stock, valued at approximately $10,140,232.06. The disclosure for this sale can be found here. Insiders have sold 66,967 shares of company stock worth $3,796,221 over the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

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

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.