Twilio Inc. Forecasted to Post Q3 2022 Earnings of ($0.84) Per Share (NYSE:TWLO)

Twilio Inc. (NYSE:TWLO – Get Rating) – Investment analysts at Jefferies Financial Group lifted their Q3 2022 earnings per share estimates for Twilio in a research report issued to clients and investors on Monday, May 23rd. Jefferies Financial Group analyst S. Samana now forecasts that the technology company will post earnings of ($0.84) per share for the quarter, up from their previous forecast of ($0.85). Jefferies Financial Group also issued estimates for Twilio’s Q2 2023 earnings at ($0.77) EPS and FY2024 earnings at ($2.95) EPS.

Several other research firms have also recently issued reports on TWLO. Needham & Company LLC decreased their price objective on Twilio from $350.00 to $200.00 in a report on Thursday, May 5th. Royal Bank of Canada reduced their price target on Twilio from $400.00 to $200.00 in a research report on Tuesday, May 3rd. Cowen lowered their target price on Twilio from $300.00 to $250.00 in a research note on Thursday, May 5th. Stifel Nicolaus dropped their price target on shares of Twilio from $350.00 to $300.00 and set a “buy” rating for the company in a research note on Monday, March 21st. Finally, Wolfe Research lifted their target price on Twilio from $290.00 to $300.00 and gave the stock an “outperform” rating in a research report on Thursday, February 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and twenty have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $275.76.

NYSE:TWLO opened at $92.17 on Wednesday. The firm has a 50-day moving average price of $132.63 and a two-hundred day moving average price of $193.03. The company has a market capitalization of $16.75 billion, a P/E ratio of -16.97 and a beta of 1.54. The company has a current ratio of 8.10, a quick ratio of 8.43 and a debt-to-equity ratio of 0.09. Twilio has a twelve month low of $87.67 and a twelve month high of $412.68.

In other news, COO Khozema Shipchandler sold 1,604 shares of the stock in a transaction on Thursday, March 31st. The stock was sold at an average price of $167.94, for a total transaction of $269,375.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 2,387 shares of the firm’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $105.91, for a total value of $252,807.17. Following the completion of the sale, the insider now owns 79,665 shares of the company’s stock, valued at $8,437,320.15. The disclosure for this sale can be found here. Insiders have sold 12,535 shares of company stock valued at $1,510,014 over the last quarter. Corporate insiders own 4.96% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the business. Gables Capital Management Inc. acquired a new position in shares of Twilio during the fourth quarter valued at $26,000. Activest Wealth Management raised its holdings in Twilio by 864.7% during the 1st quarter. Activest Wealth Management now owns 164 shares of the technology company’s stock worth $27,000 after purchasing an additional 147 shares during the last quarter. Greycroft LP acquired a new position in Twilio during the 4th quarter valued at about $29,000. Evoke Wealth LLC boosted its stake in shares of Twilio by 255.1% in the 1st quarter. Evoke Wealth LLC now owns 174 shares of the technology company’s stock valued at $29,000 after purchasing an additional 125 shares during the last quarter. Finally, Liberty Wealth Management LLC grew its position in shares of Twilio by 81.4% during the 3rd quarter. Liberty Wealth Management LLC now owns 107 shares of the technology company’s stock worth $33,000 after buying an additional 48 shares during the period. 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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