Twilio (NYSE:TWLO) Downgraded to Hold at Stifel Nicolaus

Stifel Nicolaus cut shares of Twilio (NYSE:TWLOGet Rating) from a buy rating to a hold rating in a research note released on Friday morning, The Fly reports. Stifel Nicolaus currently has $90.00 price target on the technology company’s stock, down from their prior price target of $200.00.

A number of other research analysts also recently weighed in on TWLO. Oppenheimer cut their price objective on Twilio from $380.00 to $320.00 in a research note on Thursday, May 5th. BTIG Research cut their price objective on Twilio from $270.00 to $230.00 in a research note on Thursday, May 5th. Robert W. Baird downgraded Twilio from an outperform rating to a neutral rating and cut their price objective for the company from $155.00 to $120.00 in a research note on Monday, May 16th. The Goldman Sachs Group cut their price objective on Twilio from $300.00 to $262.00 and set a buy rating on the stock in a research note on Thursday, April 14th. Finally, Wells Fargo & Company cut their price objective on Twilio from $225.00 to $180.00 and set an overweight rating on the stock in a research note on Wednesday, May 18th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, Twilio currently has a consensus rating of Moderate Buy and an average target price of $177.96.

Twilio Price Performance

TWLO opened at $84.92 on Friday. Twilio has a fifty-two week low of $77.14 and a fifty-two week high of $382.75. The business has a 50-day moving average of $90.94 and a 200-day moving average of $129.29. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.09.

Twilio (NYSE:TWLOGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09. Twilio had a negative return on equity of 7.02% and a negative net margin of 31.16%. The company had revenue of $943.35 million during the quarter, compared to the consensus estimate of $920.97 million. During the same period last year, the business earned ($0.94) EPS. The business’s quarterly revenue was up 41.0% on a year-over-year basis. Equities research analysts anticipate that Twilio will post -3.46 EPS for the current year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 2,387 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $105.91, for a total transaction of $252,807.17. Following the completion of the transaction, the insider now owns 79,665 shares in the company, valued at approximately $8,437,320.15. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Twilio news, insider Dana Wagner sold 2,387 shares of Twilio stock in a transaction on Monday, May 16th. The stock was sold at an average price of $105.91, for a total value of $252,807.17. Following the completion of the transaction, the insider now owns 79,665 shares in the company, valued at approximately $8,437,320.15. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Khozema Shipchandler sold 3,600 shares of Twilio stock in a transaction on Monday, May 16th. The shares were sold at an average price of $105.78, for a total value of $380,808.00. Following the completion of the transaction, the chief operating officer now owns 96,549 shares of the company’s stock, valued at approximately $10,212,953.22. The disclosure for this sale can be found here. Insiders sold 14,242 shares of company stock worth $1,374,510 in the last 90 days. 4.96% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Several institutional investors have recently bought and sold shares of the business. SRS Capital Advisors Inc. raised its position in Twilio by 12.0% in the 4th quarter. SRS Capital Advisors Inc. now owns 484 shares of the technology company’s stock valued at $127,000 after purchasing an additional 52 shares during the last quarter. Profund Advisors LLC raised its position in shares of Twilio by 3.8% during the fourth quarter. Profund Advisors LLC now owns 1,647 shares of the technology company’s stock worth $434,000 after acquiring an additional 60 shares during the last quarter. CSS LLC IL lifted its stake in shares of Twilio by 1.6% during the fourth quarter. CSS LLC IL now owns 4,900 shares of the technology company’s stock valued at $1,290,000 after acquiring an additional 76 shares during the period. Dakota Wealth Management boosted its holdings in Twilio by 7.5% in the fourth quarter. Dakota Wealth Management now owns 1,107 shares of the technology company’s stock valued at $292,000 after acquiring an additional 77 shares during the last quarter. Finally, Equitable Holdings Inc. increased its position in Twilio by 3.7% in the fourth quarter. Equitable Holdings Inc. now owns 2,463 shares of the technology company’s stock worth $649,000 after purchasing an additional 87 shares during the period. Institutional investors own 75.10% of the company’s stock.

Twilio Company Profile

(Get Rating)

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within 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 nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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