Twilio (NYSE:TWLO) Stock Price Target Lowered at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Twilio’s price target from $335 to $300 while maintaining an “overweight” rating, implying approximately 45.7% upside from the prior close.
• Analyst sentiment remains broadly positive: Twilio has a consensus “Moderate Buy” rating and an average price target of $266.48, though individual targets range from $240 to $320.
• Twilio reported quarterly earnings and revenue above expectations, with EPS of $1.65 versus $1.47 estimated and revenue of $1.56 billion, up 19.9% year over year. Insiders sold roughly $134.8 million of stock during the latest quarter.

Twilio (NYSE:TWLO - Get Free Report) had its price objective reduced by JPMorgan Chase & Co. from $335.00 to $300.00 in a research note issued on Friday, Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target would indicate a potential upside of 45.67% from the company's previous close.

A number of other equities research analysts have also recently issued reports on the stock. Piper Sandler lifted their price target on shares of Twilio from $192.00 to $247.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. BTIG Research increased their price objective on shares of Twilio from $285.00 to $315.00 and gave the company a "buy" rating in a report on Friday, October 16th. Jefferies Financial Group reiterated a "buy" rating and issued a $240.00 target price on shares of Twilio in a research report on Friday, August 7th. Bank of America boosted their target price on shares of Twilio from $270.00 to $320.00 and gave the stock a "buy" rating in a research note on Wednesday, October 14th. Finally, Needham & Company LLC decreased their price target on shares of Twilio from $280.00 to $240.00 and set a "buy" rating on the stock in a research note on Friday. Three analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $266.48.

Twilio Trading Up 0.4%

Shares of Twilio stock opened at $205.95 on Friday. The firm has a 50-day simple moving average of $256.56 and a two-hundred day simple moving average of $188.15. The company has a market cap of $31.63 billion, a P/E ratio of 25.91, a price-to-earnings-growth ratio of 4.20 and a beta of 1.35. Twilio has a fifty-two week low of $105.00 and a fifty-two week high of $308.40. The company has a debt-to-equity ratio of 0.11, a quick ratio of 4.62 and a current ratio of 4.47.

Twilio (NYSE:TWLO - Get Free Report) last posted its earnings results on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, beating analysts' consensus estimates of $1.47 by $0.18. Twilio had a return on equity of 5.58% and a net margin of 21.82%. The firm had revenue of $1.56 billion for the quarter, compared to analysts' expectations of $1.52 billion. During the same period last year, the firm earned $1.25 EPS. The company's quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities analysts predict that Twilio will post 3.12 earnings per share for the current fiscal year.

Insider Activity

In other Twilio news, Director Andrew Stafman sold 500,000 shares of the company's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $247.08, for a total value of $123,540,000.00. Following the transaction, the director owned 120,000 shares of the company's stock, valued at $29,649,600. This represents a 80.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 9,084 shares of the business's stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $294.65, for a total transaction of $2,676,600.60. Following the completion of the sale, the chief financial officer directly owned 99,246 shares in the company, valued at $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 538,818 shares of company stock valued at $134,833,645 in the last quarter. Insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its position in Twilio by 10.8% in the 1st quarter. Royal Bank of Canada now owns 3,261,235 shares of the technology company's stock valued at $410,330,000 after purchasing an additional 316,858 shares in the last quarter. Artemis Investment Management LLP grew its position in shares of Twilio by 58.9% during the third quarter. Artemis Investment Management LLP now owns 588,018 shares of the technology company's stock worth $171,972,000 after buying an additional 217,952 shares in the last quarter. Atreides Management LP increased its stake in shares of Twilio by 28.5% during the first quarter. Atreides Management LP now owns 921,602 shares of the technology company's stock worth $115,956,000 after buying an additional 204,656 shares during the period. KBC Group NV increased its stake in shares of Twilio by 1.4% during the first quarter. KBC Group NV now owns 790,548 shares of the technology company's stock worth $99,466,000 after buying an additional 11,014 shares during the period. Finally, First Trust Advisors LP increased its stake in shares of Twilio by 10.8% during the first quarter. First Trust Advisors LP now owns 721,734 shares of the technology company's stock worth $90,808,000 after buying an additional 70,154 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Company Profile

Twilio Inc NYSE: TWLO provides a cloud-based customer engagement platform that enables businesses to communicate with customers through software and application programming interfaces (APIs). Its services support messaging, voice, video, email, authentication, contact centers and other digital interactions across mobile and web applications.

The company's products include programmable communications tools, Twilio SendGrid for email delivery, Twilio Verify for user authentication, Twilio Flex for cloud contact centers, and Twilio Segment for collecting and using customer data.

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