Macquarie Cuts Twilio (NYSE:TWLO) Price Target to $63.00

Twilio (NYSE:TWLO) had its target price reduced by analysts at Macquarie from $69.00 to $63.00 in a report issued on Wednesday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Macquarie’s target price would suggest a potential upside of 5.94% from the company’s current price.

Other analysts have also recently issued research reports about the company. TD Cowen lowered their price objective on Twilio from $72.00 to $65.00 and set a “market perform” rating for the company in a research report on Wednesday, March 6th. Oppenheimer restated an “outperform” rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, April 17th. Piper Sandler increased their price target on Twilio from $78.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank of Canada reissued an “underperform” rating and issued a $50.00 price objective on shares of Twilio in a report on Wednesday, March 6th. Finally, Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective for the company. in a report on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $68.59.

Twilio Price Performance

Shares of TWLO stock opened at $59.47 on Wednesday. The stock has a market capitalization of $10.83 billion, a price-to-earnings ratio of -14.83 and a beta of 1.33. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. Twilio has a twelve month low of $45.02 and a twelve month high of $78.16. The stock has a fifty day simple moving average of $60.69 and a two-hundred day simple moving average of $64.30.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. On average, analysts predict that Twilio will post -0.11 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Dana Wagner sold 1,666 shares of Twilio stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the completion of the sale, the insider now directly owns 130,456 shares of the company’s stock, valued at $8,208,291.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Khozema Shipchandler sold 10,961 shares of Twilio stock in a transaction on Monday, April 1st. The stock was sold at an average price of $62.13, for a total value of $681,006.93. Following the completion of the transaction, the chief executive officer now directly owns 335,982 shares in the company, valued at $20,874,561.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 1,666 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $62.92, for a total value of $104,824.72. Following the sale, the insider now owns 130,456 shares in the company, valued at approximately $8,208,291.52. The disclosure for this sale can be found here. In the last quarter, insiders sold 30,958 shares of company stock valued at $1,910,447. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of large investors have recently modified their holdings of the company. Principal Securities Inc. purchased a new position in Twilio in the fourth quarter valued at $25,000. Truvestments Capital LLC lifted its stake in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after purchasing an additional 247 shares during the last quarter. Activest Wealth Management increased its stake in Twilio by 327.9% in the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Westend Capital Management LLC acquired a new stake in Twilio during the first quarter worth approximately $35,000. Finally, Blue Trust Inc. lifted its position in shares of Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

About Twilio

Twilio Inc, together with its subsidiaries, provides customer engagement platform solutions in the United States and internationally. It operates through two segments, Twilio Communications and Twilio Segment. The company provides various application programming interfaces and software solutions for communications between customers and end users, including messaging, voice, email, flex, marketing campaigns, and user identity and authentication.