Barclays Lowers Twilio (NYSE:TWLO) Price Target to $250.00

Twilio (NYSE:TWLOGet Rating) had its price target decreased by investment analysts at Barclays from $375.00 to $250.00 in a research note issued to investors on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price target points to a potential upside of 82.36% from the stock’s current price.

TWLO has been the topic of several other reports. TheStreet lowered shares of Twilio from a “c-” rating to a “d+” rating in a research report on Wednesday, December 29th. Piper Sandler dropped their price objective on shares of Twilio from $550.00 to $400.00 in a research report on Monday, January 10th. Bank of America increased their price objective on shares of Twilio from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Thursday, February 10th. KeyCorp increased their price objective on shares of Twilio from $283.00 to $320.00 and gave the company an “overweight” rating in a research report on Thursday, February 10th. Finally, The Goldman Sachs Group lowered their price target on shares of Twilio from $350.00 to $300.00 and set a “buy” rating on the stock in a research report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-two have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $343.43.

Shares of TWLO stock opened at $137.09 on Wednesday. The stock has a market cap of $24.88 billion, a P/E ratio of -25.20 and a beta of 1.37. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.43 and a quick ratio of 8.43. The company has a fifty day moving average price of $161.90 and a two-hundred day moving average price of $236.20. Twilio has a one year low of $123.05 and a one year high of $412.68.

Twilio (NYSE:TWLOGet Rating) last announced its quarterly earnings results on Wednesday, February 9th. The technology company reported ($1.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.94) by ($0.31). The firm had revenue of $842.74 million during the quarter, compared to analyst estimates of $768.89 million. Twilio had a negative net margin of 33.43% and a negative return on equity of 6.13%. During the same quarter in the prior year, the business earned ($0.80) EPS. As a group, equities research analysts anticipate that Twilio will post -3.76 EPS for the current fiscal year.

In other news, CRO Marc Boroditsky sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 19th. The shares were sold at an average price of $208.21, for a total value of $208,210.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Khozema Shipchandler sold 3,550 shares of the firm’s stock in a transaction that occurred on Tuesday, February 22nd. The shares were sold at an average price of $156.78, for a total transaction of $556,569.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 20,013 shares of company stock worth $3,788,559. 4.96% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Titan Global Capital Management USA LLC boosted its position in Twilio by 12.3% during the 3rd quarter. Titan Global Capital Management USA LLC now owns 68,820 shares of the technology company’s stock worth $21,957,000 after buying an additional 7,513 shares during the period. Alberta Investment Management Corp boosted its position in Twilio by 59.6% during the 3rd quarter. Alberta Investment Management Corp now owns 51,336 shares of the technology company’s stock worth $16,379,000 after buying an additional 19,166 shares during the period. Cetera Advisor Networks LLC boosted its position in Twilio by 14.1% during the 3rd quarter. Cetera Advisor Networks LLC now owns 6,006 shares of the technology company’s stock worth $1,916,000 after buying an additional 744 shares during the period. Formula Growth Ltd. boosted its position in Twilio by 69.3% during the 3rd quarter. Formula Growth Ltd. now owns 49,579 shares of the technology company’s stock worth $15,818,000 after buying an additional 20,300 shares during the period. Finally, Maryland State Retirement & Pension System boosted its position in Twilio by 3.7% during the 3rd quarter. Maryland State Retirement & Pension System now owns 12,692 shares of the technology company’s stock worth $3,977,000 after buying an additional 450 shares during the period. Institutional investors and hedge funds own 77.97% of the company’s stock.

About Twilio (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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