UBS Group Issues Pessimistic Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price objective lowered by equities research analysts at UBS Group from $150.00 to $135.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s price target would suggest a potential upside of 36.93% from the stock’s current price.

Several other research firms also recently weighed in on TWLO. Morgan Stanley dropped their target price on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating for the company in a report on Wednesday, April 16th. Robert W. Baird dropped their target price on shares of Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a report on Wednesday, April 30th. Tigress Financial restated a “buy” rating and set a $170.00 target price on shares of Twilio in a report on Thursday, May 8th. Piper Sandler raised their target price on shares of Twilio from $140.00 to $144.00 and gave the company an “overweight” rating in a report on Friday. Finally, Wells Fargo & Company lowered their price target on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.74.

Twilio Stock Performance

NYSE:TWLO opened at $98.59 on Friday. The company has a current ratio of 4.78, a quick ratio of 4.78 and a debt-to-equity ratio of 0.12. The firm has a 50-day moving average price of $121.93 and a two-hundred day moving average price of $114.34. Twilio has a twelve month low of $56.85 and a twelve month high of $151.95. The company has a market capitalization of $15.05 billion, a P/E ratio of 821.65, a price-to-earnings-growth ratio of 2.98 and a beta of 1.23.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.17. Twilio had a net margin of 0.43% and a return on equity of 2.77%. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the firm posted $0.87 EPS. The firm’s revenue for the quarter was up 13.5% on a year-over-year basis. As a group, research analysts expect that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Erika Rottenberg sold 4,100 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director directly owned 33,488 shares of the company’s stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the firm’s stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares in the company, valued at $17,302,682.15. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 55,888 shares of company stock valued at $6,753,409. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of TWLO. Jericho Capital Asset Management L.P. acquired a new position in Twilio during the fourth quarter valued at approximately $301,258,000. Ninety One UK Ltd acquired a new position in Twilio during the second quarter valued at approximately $212,059,000. Nordea Investment Management AB lifted its position in Twilio by 4,231.2% during the second quarter. Nordea Investment Management AB now owns 1,123,638 shares of the technology company’s stock valued at $139,736,000 after buying an additional 1,097,695 shares in the last quarter. Two Sigma Investments LP lifted its position in Twilio by 1,292.9% during the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after buying an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC acquired a new position in Twilio during the fourth quarter valued at approximately $111,312,000. 84.27% of the stock is owned by institutional investors and hedge funds.

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.