Twilio (NYSE:TWLO) Price Target Lowered to $56.00 at Piper Sandler

Posted by Defense World Staff on May 11th, 2023

Twilio (NYSE:TWLO – Get Rating) had its target price decreased by Piper Sandler from $83.00 to $56.00 in a research note released on Wednesday morning, The Fly reports.

A number of other equities research analysts have also recently commented on the stock. KeyCorp increased their price objective on shares of Twilio from $77.00 to $89.00 and gave the company an overweight rating in a research note on Thursday, February 16th. UBS Group cut their price target on shares of Twilio from $93.00 to $85.00 in a report on Wednesday, May 3rd. Wells Fargo & Company increased their price objective on Twilio from $60.00 to $70.00 and gave the stock an equal weight rating in a report on Thursday, February 16th. Needham & Company LLC increased their price objective on Twilio from $60.00 to $88.00 and gave the company a buy rating in a research report on Thursday, February 16th. Finally, StockNews.com began coverage on Twilio in a research report on Thursday, March 16th. They issued a hold rating for the company. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and an average price target of $82.67.

Twilio Price Performance

Shares of TWLO stock opened at $48.92 on Wednesday. The firm’s 50-day moving average is $60.55 and its two-hundred day moving average is $57.25. The company has a market capitalization of $9.16 billion, a PE ratio of -7.12 and a beta of 1.47. Twilio has a 12 month low of $41.00 and a 12 month high of $112.89. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.17 and a quick ratio of 6.17.

Twilio (NYSE:TWLO – Get Rating) last posted its quarterly earnings results on Wednesday, February 15th. The technology company reported $0.22 EPS for the quarter, topping the consensus estimate of ($0.09) by $0.31. Twilio had a negative net margin of 32.83% and a negative return on equity of 7.63%. The company had revenue of $1.02 billion during the quarter, compared to analysts’ expectations of $1 billion. During the same quarter in the previous year, the business posted ($1.25) EPS. The firm’s revenue was up 21.6% on a year-over-year basis. Analysts predict that Twilio will post -2.05 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, insider Dana Wagner sold 8,461 shares of the firm’s stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $64.24, for a total value of $543,534.64. Following the completion of the transaction, the insider now owns 162,871 shares of the company’s stock, valued at approximately $10,462,833.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Jeff Lawson purchased 158,081 shares of the business’s stock in a transaction that occurred on Friday, February 24th. The shares were purchased at an average cost of $63.26 per share, for a total transaction of $10,000,204.06. Following the purchase, the chief executive officer now directly owns 226,397 shares of the company’s stock, valued at $14,321,874.22. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 8,461 shares of Twilio stock in a transaction on Thursday, February 23rd. The stock was sold at an average price of $64.24, for a total transaction of $543,534.64. Following the sale, the insider now owns 162,871 shares in the company, valued at $10,462,833.04. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,842 shares of company stock valued at $2,490,031. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Twilio by 1.8% in the third quarter. Vanguard Group Inc. now owns 16,175,365 shares of the technology company’s stock valued at $1,118,364,000 after acquiring an additional 279,769 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Twilio by 0.4% in the third quarter. BlackRock Inc. now owns 10,342,267 shares of the technology company’s stock valued at $715,063,000 after acquiring an additional 44,860 shares in the last quarter. ARK Investment Management LLC boosted its holdings in shares of Twilio by 8.5% in the fourth quarter. ARK Investment Management LLC now owns 7,409,945 shares of the technology company’s stock valued at $362,791,000 after acquiring an additional 583,314 shares in the last quarter. Generation Investment Management LLP boosted its holdings in shares of Twilio by 45.1% in the fourth quarter. Generation Investment Management LLP now owns 7,286,340 shares of the technology company’s stock valued at $356,739,000 after acquiring an additional 2,265,233 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in shares of Twilio by 13.5% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 5,938,393 shares of the technology company’s stock valued at $290,744,000 after acquiring an additional 707,908 shares in the last quarter. 78.68% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile

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Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.