Twilio (NYSE:TWLO) Price Target Lowered to $230.00 at BTIG Research

Twilio (NYSE:TWLOGet Rating) had its target price lowered by BTIG Research from $270.00 to $230.00 in a research report released on Thursday morning, The Fly reports.

Several other equities analysts also recently issued reports on the stock. Cowen decreased their price objective on shares of Twilio from $350.00 to $300.00 in a report on Thursday, April 21st. Mizuho increased their price objective on shares of Twilio from $250.00 to $300.00 and gave the company a buy rating in a report on Thursday, February 10th. Barclays decreased their price objective on shares of Twilio from $375.00 to $250.00 and set an overweight rating on the stock in a report on Wednesday, April 13th. Macquarie raised their price target on shares of Twilio from $281.00 to $306.00 and gave the stock an outperform rating in a research note on Thursday, February 10th. Finally, Oppenheimer lowered their price target on shares of Twilio from $380.00 to $320.00 in a research report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twenty-two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Buy and an average price target of $306.11.

TWLO stock traded down $11.48 during midday trading on Thursday, hitting $105.25. 45,720 shares of the stock traded hands, compared to its average volume of 2,999,848. The firm has a market cap of $19.10 billion, a P/E ratio of -19.38 and a beta of 1.54. 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 stock’s fifty day simple moving average is $144.74 and its 200-day simple moving average is $214.78. Twilio has a 1-year low of $105.56 and a 1-year high of $412.68.

Twilio (NYSE:TWLOGet Rating) last released its quarterly earnings results on Wednesday, February 9th. The technology company reported ($1.25) EPS for the quarter, missing the consensus estimate of ($0.94) by ($0.31). The firm had revenue of $842.74 million for 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 posted ($0.80) EPS. On average, research analysts predict that Twilio will post -3.75 earnings per share for the current year.

In related news, COO Khozema Shipchandler sold 3,550 shares of the 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eyal Manor sold 3,088 shares of the stock in a transaction on Tuesday, February 15th. The stock was sold at an average price of $199.01, for a total transaction of $614,542.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 15,798 shares of company stock valued at $2,905,199. Company insiders own 4.96% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Nikko Asset Management Americas Inc. raised its position in Twilio by 25.8% during the 1st quarter. Nikko Asset Management Americas Inc. now owns 3,755,024 shares of the technology company’s stock worth $619,579,000 after buying an additional 770,512 shares during the last quarter. IFM Investors Pty Ltd raised its position in Twilio by 29.3% during the 1st quarter. IFM Investors Pty Ltd now owns 27,162 shares of the technology company’s stock worth $4,477,000 after buying an additional 6,154 shares during the last quarter. JJJ Advisors Inc. raised its position in Twilio by 113.7% during the 1st quarter. JJJ Advisors Inc. now owns 218 shares of the technology company’s stock worth $36,000 after buying an additional 116 shares during the last quarter. Regency Capital Management Inc. DE raised its position in Twilio by 53.1% during the 1st quarter. Regency Capital Management Inc. DE now owns 13,933 shares of the technology company’s stock worth $2,296,000 after buying an additional 4,835 shares during the last quarter. Finally, Aigen Investment Management LP raised its position in Twilio by 42.6% during the 1st quarter. Aigen Investment Management LP now owns 13,769 shares of the technology company’s stock worth $2,269,000 after buying an additional 4,115 shares during the last quarter. Hedge funds and other 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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