Twilio (NYSE:TWLO) Price Target Cut to $111.00 by Analysts at Morgan Stanley

Twilio (NYSE:TWLO - Get Free Report) had its price objective decreased by investment analysts at 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 target price suggests a potential upside of 30.96% from the stock's previous close.

Several other brokerages have also recently commented on TWLO. Tigress Financial raised their price target on shares of Twilio from $135.00 to $170.00 and gave the company a "buy" rating in a research report on Tuesday, February 25th. JMP Securities reiterated a "market outperform" rating and issued a $165.00 target price on shares of Twilio in a report on Friday, February 14th. William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and raised their target price for the company from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Piper Sandler reiterated an "overweight" rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $132.13.

Twilio Trading Down 1.2 %

NYSE:TWLO traded down $1.01 during trading hours on Wednesday, reaching $84.76. 1,493,706 shares of the stock were exchanged, compared to its average volume of 2,638,090. Twilio has a twelve month low of $52.51 and a twelve month high of $151.95. The business has a 50-day moving average of $103.89 and a two-hundred day moving average of $103.22. The company has a market capitalization of $12.94 billion, a price-to-earnings ratio of -132.43, a PEG ratio of 4.30 and a beta of 1.50. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts' consensus estimates of $0.99 by ($0.77). The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.19 billion. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. On average, equities analysts predict that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the completion of the sale, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. The trade was a 1.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 in the last 90 days. Company insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp grew its holdings in Twilio by 1.0% during the fourth quarter. M&T Bank Corp now owns 8,727 shares of the technology company's stock worth $943,000 after acquiring an additional 85 shares during the period. Allworth Financial LP increased its holdings in shares of Twilio by 6.9% in the 4th quarter. Allworth Financial LP now owns 1,465 shares of the technology company's stock valued at $165,000 after purchasing an additional 94 shares in the last quarter. GHP Investment Advisors Inc. lifted its stake in shares of Twilio by 10.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company's stock valued at $120,000 after purchasing an additional 104 shares during the period. Tidal Investments LLC boosted its holdings in Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company's stock worth $1,152,000 after buying an additional 112 shares in the last quarter. Finally, Freestone Capital Holdings LLC grew its position in Twilio by 3.3% during the fourth quarter. Freestone Capital Holdings LLC now owns 3,918 shares of the technology company's stock worth $423,000 after buying an additional 124 shares during the period. Hedge funds and other institutional investors own 84.27% of the company's stock.

Twilio Company Profile

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.