Twilio (NYSE:TWLO) Shares Gap Down Following Analyst Downgrade

Twilio Inc. (NYSE:TWLOGet Rating) gapped down before the market opened on Friday after Cowen lowered their price target on the stock from $150.00 to $125.00. The stock had previously closed at $98.19, but opened at $89.27. Twilio shares last traded at $82.14, with a volume of 164,523 shares changing hands.

Several other research firms also recently commented on TWLO. Canaccord Genuity Group decreased their price objective on Twilio from $245.00 to $153.00 and set a “buy” rating for the company in a report on Friday. The Goldman Sachs Group decreased their price objective on Twilio from $300.00 to $262.00 and set a “buy” rating for the company in a report on Thursday, April 14th. Barclays downgraded Twilio from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $175.00 to $110.00 in a report on Thursday, June 2nd. Wells Fargo & Company decreased their price target on Twilio from $225.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, May 18th. Finally, Canaccord Genuity Group decreased their price target on Twilio from $455.00 to $245.00 and set a “buy” rating for the company in a report on Thursday, May 5th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $177.96.

Insider Activity

In other news, COO Khozema Shipchandler sold 3,600 shares of the company’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $105.78, for a total transaction of $380,808.00. Following the transaction, the chief operating officer now owns 96,549 shares of the company’s stock, valued at approximately $10,212,953.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Khozema Shipchandler sold 3,600 shares of the business’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $105.78, for a total transaction of $380,808.00. Following the sale, the chief operating officer now directly owns 96,549 shares in the company, valued at approximately $10,212,953.22. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Eyal Manor sold 853 shares of the business’s stock in a transaction on Friday, July 15th. The shares were sold at an average price of $82.69, for a total value of $70,534.57. Following the sale, the insider now owns 160,358 shares in the company, valued at $13,260,003.02. The disclosure for this sale can be found here. Insiders have sold 14,242 shares of company stock valued at $1,374,510 in the last 90 days. Insiders own 4.96% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in TWLO. Yousif Capital Management LLC bought a new position in Twilio in the 4th quarter worth about $639,000. Nomura Asset Management Co. Ltd. increased its stake in Twilio by 4.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 32,448 shares of the technology company’s stock worth $8,545,000 after acquiring an additional 1,290 shares during the last quarter. FDx Advisors Inc. increased its stake in Twilio by 58.6% in the 4th quarter. FDx Advisors Inc. now owns 4,629 shares of the technology company’s stock worth $1,219,000 after acquiring an additional 1,711 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S increased its position in shares of Twilio by 41.0% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 8,888 shares of the technology company’s stock valued at $2,341,000 after purchasing an additional 2,585 shares during the last quarter. Finally, Pinnacle Associates Ltd. increased its position in shares of Twilio by 35.3% during the 4th quarter. Pinnacle Associates Ltd. now owns 1,105 shares of the technology company’s stock valued at $291,000 after purchasing an additional 288 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors.

Twilio Price Performance

The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.10 and a current ratio of 8.10. The stock has a market capitalization of $15.43 billion, a P/E ratio of -15.64 and a beta of 1.53. The firm has a 50-day moving average price of $90.94 and a 200 day moving average price of $129.29.

Twilio (NYSE:TWLOGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.20) by $0.09. The firm had revenue of $943.35 million for the quarter, compared to analyst estimates of $920.97 million. Twilio had a negative return on equity of 6.11% and a negative net margin of 30.86%. The company’s revenue was up 41.0% on a year-over-year basis. During the same period in the prior year, the company earned ($0.94) EPS. On average, analysts expect that Twilio Inc. will post -3.46 EPS for the current year.

About Twilio

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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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