Twilio (NYSE:TWLO) Price Target Cut to $250.00 by Analysts at Cowen

Twilio (NYSE:TWLO – Get Rating) had its price target decreased by equities researchers at Cowen from $300.00 to $250.00 in a report released on Thursday, The Fly reports. Cowen’s target price points to a potential upside of 111.01% from the stock’s current price.

A number of other brokerages have also recently commented on TWLO. Oppenheimer cut their target price on shares of Twilio from $380.00 to $320.00 in a report on Thursday. Barclays decreased their price target on Twilio from $375.00 to $250.00 and set an “overweight” rating for the company in a report on Wednesday, April 13th. Macquarie increased their price target on Twilio from $281.00 to $306.00 and gave the stock an “outperform” rating in a report on Thursday, February 10th. Mizuho increased their price target on Twilio from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 10th. Finally, Cowen decreased their price target on Twilio from $350.00 to $300.00 in a report on Thursday, April 21st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $320.36.

Shares of Twilio stock opened at $118.48 on Thursday. The company has a fifty day simple moving average of $145.75 and a 200-day simple moving average of $216.48. The stock has a market cap of $21.51 billion, a price-to-earnings ratio of -21.78 and a beta of 1.54. Twilio has a 12-month low of $105.56 and a 12-month high of $412.68. The company has a current ratio of 8.43, a quick ratio of 8.43 and a debt-to-equity ratio of 0.09.

Twilio (NYSE:TWLO – Get Rating) last announced its 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 business 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 period in the previous year, the firm earned ($0.80) earnings per share. On average, analysts forecast that Twilio will post -3.75 earnings per share for the current fiscal year.

In related news, COO Khozema Shipchandler sold 3,550 shares of Twilio stock in a transaction on Tuesday, February 22nd. The shares were sold at an average price of $156.78, for a total transaction of $556,569.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CRO Marc Boroditsky sold 2,562 shares of the firm’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $199.04, for a total transaction of $509,940.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 15,798 shares of company stock valued at $2,905,199. Insiders own 4.96% of the company’s stock.

Several institutional investors have recently bought and sold shares of TWLO. Norges Bank acquired a new stake in Twilio during the fourth quarter worth about $384,675,000. ARK Investment Management LLC raised its position in shares of Twilio by 23.7% during the 1st quarter. ARK Investment Management LLC now owns 5,021,261 shares of the technology company’s stock worth $827,554,000 after purchasing an additional 962,047 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its holdings in shares of Twilio by 22.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,204,710 shares of the technology company’s stock worth $692,978,000 after purchasing an additional 770,655 shares during the last quarter. Nikko Asset Management Americas Inc. lifted its holdings in shares of Twilio by 30.0% in the 4th quarter. Nikko Asset Management Americas Inc. now owns 2,984,512 shares of the technology company’s stock worth $792,537,000 after purchasing an additional 689,360 shares during the last quarter. Finally, Castleview Partners LLC acquired a new position in Twilio during the 4th quarter valued at approximately $2,456,000. 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.

See Also