Morgan Stanley Has Lowered Expectations for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its target price reduced by Morgan Stanley from $160.00 to $111.00 in a research report issued on Wednesday, Marketbeat.com reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Morgan Stanley’s price objective suggests a potential upside of 30.96% from the company’s current price.

TWLO has been the topic of a number of other reports. Monness Crespi & Hardt lifted their price objective on shares of Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Stifel Nicolaus boosted their price target on shares of Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a research report on Friday, February 14th. The Goldman Sachs Group upgraded shares of Twilio from a “neutral” rating to a “buy” rating and increased their price objective for the company from $77.00 to $185.00 in a report on Monday, January 27th. UBS Group upped their target price on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Robert W. Baird upgraded Twilio from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $115.00 to $160.00 in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $132.13.

Twilio Stock Down 1.2 %

Twilio stock opened at $84.76 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a one year low of $52.51 and a one year high of $151.95. The company has a 50-day simple moving average of $105.06 and a 200-day simple moving average of $103.07. The firm has a market capitalization of $12.94 billion, a P/E ratio of -132.43, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. As a group, equities analysts expect that Twilio will post 1.44 earnings per share for the current year.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 7,524 shares of Twilio stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the sale, the chief financial officer now owns 176,640 shares of the company’s stock, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 23,471 shares of company stock valued at $2,344,149. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. JFS Wealth Advisors LLC increased its stake in shares of Twilio by 244.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares during the last quarter. Parkside Financial Bank & Trust boosted its holdings in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 166 shares in the last quarter. UMB Bank n.a. acquired a new position in Twilio during the first quarter worth $37,000. Centricity Wealth Management LLC bought a new position in Twilio during the fourth quarter valued at about $44,000. Finally, CX Institutional acquired a new stake in shares of Twilio in the first quarter worth about $39,000. Institutional investors own 84.27% of the company’s stock.

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.