Twilio (NYSE:TWLO) Price Target Cut to $125.00 by Analysts at Mizuho

Twilio (NYSE:TWLOGet Rating) had its price objective trimmed by Mizuho from $200.00 to $125.00 in a research report report published on Friday morning, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.

Other analysts also recently issued reports about the company. Cowen decreased their price target on Twilio from $300.00 to $250.00 in a research report on Thursday, May 5th. Cowen reduced their price target on Twilio from $250.00 to $150.00 and set an outperform rating for the company in a research report on Friday, July 22nd. Oppenheimer dropped their price objective on Twilio from $260.00 to $210.00 in a research note on Friday. Wells Fargo & Company dropped their price target on Twilio from $225.00 to $180.00 and set an overweight rating for the company in a research note on Wednesday, May 18th. Finally, Macquarie downgraded Twilio from an outperform rating to a neutral rating and set a $96.00 price target on the stock. in a report on Monday, July 25th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of $177.96.

Twilio Trading Down 13.5 %

Shares of TWLO stock opened at $84.92 on Friday. The stock has a 50-day moving average of $90.94 and a 200-day moving average of $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.10 and a quick ratio of 8.10. Twilio has a 1-year low of $77.14 and a 1-year high of $382.75.

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

Insider Buying and Selling

In other news, COO Khozema Shipchandler sold 3,600 shares of the company’s 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 directly owns 96,549 shares in the company, valued at $10,212,953.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Khozema Shipchandler sold 3,600 shares of the company’s 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 directly owns 96,549 shares in the company, valued at $10,212,953.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Eyal Manor sold 853 shares of the company’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $82.69, for a total transaction of $70,534.57. Following the completion of the transaction, the insider now owns 160,358 shares of the company’s stock, valued at $13,260,003.02. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,242 shares of company stock valued at $1,374,510. Insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in Twilio by 25.6% during the 1st quarter. Vanguard Group Inc. now owns 13,121,939 shares of the technology company’s stock valued at $2,162,627,000 after acquiring an additional 2,678,049 shares during the last quarter. ARK Investment Management LLC boosted its stake in Twilio by 11.0% during the 2nd quarter. ARK Investment Management LLC now owns 5,572,436 shares of the technology company’s stock valued at $586,053,000 after acquiring an additional 551,175 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in Twilio by 9.6% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,608,036 shares of the technology company’s stock valued at $386,199,000 after acquiring an additional 403,326 shares during the last quarter. Nikko Asset Management Americas Inc. boosted its stake in Twilio by 9.8% during the 2nd quarter. Nikko Asset Management Americas Inc. now owns 4,124,892 shares of the technology company’s stock valued at $342,572,000 after acquiring an additional 369,868 shares during the last quarter. Finally, State Street Corp boosted its stake in Twilio by 0.4% during the 1st quarter. State Street Corp now owns 3,565,627 shares of the technology company’s stock valued at $587,651,000 after acquiring an additional 12,799 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Twilio Company Profile

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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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