Twilio (NYSE:TWLO) PT Lowered to $125.00 at Cowen

Twilio (NYSE:TWLOGet Rating) had its price target reduced by Cowen from $150.00 to $125.00 in a research note published on Friday morning, Stock Target Advisor reports.

A number of other equities analysts have also recently issued reports on TWLO. Needham & Company LLC reduced their target price on Twilio from $350.00 to $200.00 in a report on Thursday, May 5th. Robert W. Baird cut 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 report on Monday, May 16th. Jefferies Financial Group cut their price objective on Twilio from $175.00 to $130.00 in a report on Monday, May 23rd. Canaccord Genuity Group cut their price objective on Twilio from $245.00 to $153.00 and set a buy rating on the stock in a report on Friday. Finally, Mizuho cut their price objective on Twilio from $200.00 to $125.00 and set a buy rating on the stock in a report on Friday. One equities 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. According to data from MarketBeat, the company has an average rating of Moderate Buy and a consensus target price of $177.96.

Twilio Stock Down 13.5 %

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

Twilio (NYSE:TWLOGet Rating) last announced its earnings results on Thursday, August 4th. The technology company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The company had revenue of $943.35 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 41.0% compared to the same quarter last year. During the same period last year, the company posted ($0.94) earnings per share. Analysts forecast that Twilio will post -3.46 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Twilio news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $13,260,003.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Twilio news, COO Khozema Shipchandler sold 1,765 shares of the firm’s stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $81.10, for a total transaction of $143,141.50. Following the completion of the transaction, the chief operating officer now owns 91,454 shares in the company, valued at approximately $7,416,919.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The stock was sold at an average price of $82.69, for a total transaction of $70,534.57. Following the transaction, the insider now owns 160,358 shares of the company’s stock, valued at approximately $13,260,003.02. The disclosure for this sale can be found here. Insiders have sold a total of 14,242 shares of company stock worth $1,374,510 in the last ninety days. Company insiders own 4.96% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TWLO. Vanguard Group Inc. increased its stake in shares of Twilio by 25.6% in 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 in the last quarter. Norges Bank bought a new stake in shares of Twilio in the 4th quarter valued at $384,675,000. Flossbach Von Storch AG bought a new stake in shares of Twilio in the 1st quarter valued at $200,903,000. Renaissance Technologies LLC increased its stake in shares of Twilio by 631.0% in the 1st quarter. Renaissance Technologies LLC now owns 1,163,695 shares of the technology company’s stock valued at $191,789,000 after acquiring an additional 1,004,500 shares in the last quarter. Finally, ARK Investment Management LLC increased its stake in shares of Twilio by 23.7% in the 1st quarter. ARK Investment Management LLC now owns 5,021,261 shares of the technology company’s stock valued at $827,554,000 after acquiring an additional 962,047 shares in the last quarter. Institutional investors own 75.10% of the company’s stock.

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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Analyst Recommendations for Twilio (NYSE:TWLO)

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