Canaccord Genuity Group Lowers Twilio (NYSE:TWLO) Price Target to $245.00

Twilio (NYSE:TWLO – Get Rating) had its target price decreased by Canaccord Genuity Group from $455.00 to $245.00 in a research note published on Thursday morning, The Fly reports. Canaccord Genuity Group currently has a buy rating on the technology company’s stock.

TWLO has been the subject of several other research reports. Cowen dropped their price target on Twilio from $300.00 to $250.00 in a research report on Thursday. Bank of America lifted their price target on Twilio from $250.00 to $290.00 and gave the stock a buy rating in a research report on Thursday, February 10th. The Goldman Sachs Group dropped their price target on Twilio from $300.00 to $262.00 and set a buy rating for the company in a research report on Thursday, April 14th. Cowen decreased their price objective on shares of Twilio from $300.00 to $250.00 in a research note on Thursday. Finally, Royal Bank of Canada decreased their price objective on shares of Twilio from $400.00 to $200.00 in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and twenty-two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $306.11.

Shares of Twilio stock traded down $11.48 during trading on Thursday, reaching $105.25. 45,720 shares of the stock traded hands, compared to its average volume of 2,999,848. The company has a market capitalization of $19.10 billion, a price-to-earnings ratio of -19.38 and a beta of 1.54. The business has a fifty day simple moving average of $144.74 and a two-hundred day simple moving average of $214.78. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.43 and a quick ratio of 8.43. Twilio has a 52-week low of $105.56 and a 52-week high of $412.68.

Twilio (NYSE:TWLO – Get Rating) last issued its quarterly earnings data on Wednesday, February 9th. The technology company reported ($1.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.94) by ($0.31). The firm had revenue of $842.74 million for the quarter, compared to analysts’ expectations 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 previous year, the business earned ($0.80) EPS. On average, research analysts predict that Twilio will post -3.75 earnings per share for the current fiscal year.

In related news, insider Eyal Manor sold 3,088 shares of the business’s stock in a transaction on Tuesday, February 15th. The shares were sold at an average price of $199.01, for a total transaction of $614,542.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Khozema Shipchandler sold 1,604 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $167.94, for a total transaction of $269,375.76. The disclosure for this sale can be found here. Insiders have sold 15,798 shares of company stock worth $2,905,199 over the last three months. Corporate insiders own 4.96% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gables Capital Management Inc. acquired a new position in Twilio during the fourth quarter valued at $26,000. Cornerstone Advisory LLC acquired a new position in shares of Twilio in the fourth quarter worth about $35,000. Liberty Wealth Management LLC raised its position in shares of Twilio by 81.4% in the third quarter. Liberty Wealth Management LLC now owns 107 shares of the technology company’s stock worth $33,000 after acquiring an additional 48 shares during the period. Greycroft LP acquired a new position in shares of Twilio in the fourth quarter worth about $29,000. Finally, MUFG Americas Holdings Corp acquired a new position in shares of Twilio in the fourth quarter worth about $34,000. Institutional investors own 75.10% 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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