Twilio (NYSE:TWLO) Price Target Cut to $108.00 by Analysts at Jefferies Financial Group

Twilio (NYSE:TWLO) had its price target cut by Jefferies Financial Group from $145.00 to $108.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price indicates a potential upside of 13.50% from the company’s previous close.

Other research analysts have also issued reports about the stock. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Mizuho reduced their price target on Twilio from $165.00 to $125.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Oppenheimer upped their price objective on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Needham & Company LLC boosted their target price on shares of Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group raised their price objective on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $127.70.

Twilio Stock Performance

Shares of Twilio stock opened at $95.15 on Monday. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market capitalization of $14.52 billion, a price-to-earnings ratio of -148.67, a PEG ratio of 4.30 and a beta of 1.50. The firm’s fifty day simple moving average is $99.35 and its 200-day simple moving average is $104.42.

Twilio (NYSE:TWLO) last released its quarterly earnings results 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. As a group, equities analysts forecast that Twilio will post 1.44 earnings per share for the current year.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $117.45, for a total transaction of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares of the company’s stock, valued at $21,630,061.80. The trade was a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm’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 directly owns 295,134 shares in the company, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,471 shares of company stock worth $2,344,149 in the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

A number of hedge funds have recently made changes to their positions in TWLO. Tidal Investments LLC grew its stake in shares of Twilio by 0.6% during the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Twilio by 2,412.9% in the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after purchasing an additional 193,971 shares in the last quarter. American Trust bought a new stake in shares of Twilio in the third quarter worth $224,000. Versant Capital Management Inc raised its holdings in Twilio by 71.0% in the fourth quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company’s stock valued at $126,000 after acquiring an additional 484 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after acquiring an additional 170 shares in the last quarter. Hedge funds and other 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.