Morgan Stanley Lowers Twilio (NYSE:TWLO) Price Target to $111.00

Twilio (NYSE:TWLO - Get Free Report) had its price target reduced by investment analysts at Morgan Stanley from $160.00 to $111.00 in a research note issued to investors on Wednesday, MarketBeat Ratings reports. The firm currently has an "overweight" rating on the technology company's stock. Morgan Stanley's price target suggests a potential upside of 36.10% from the stock's previous close.

A number of other research firms have also recently weighed in on TWLO. Royal Bank of Canada restated an "underperform" rating and issued a $75.00 price target on shares of Twilio in a report on Wednesday, March 19th. William Blair reissued an "outperform" rating on shares of Twilio in a research report on Friday, February 14th. UBS Group increased their price target on Twilio from $145.00 to $175.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Robert W. Baird raised shares of Twilio from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $115.00 to $160.00 in a report on Friday, January 24th. Finally, Jefferies Financial Group upped their target price on Twilio from $105.00 to $145.00 and gave the company a "hold" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Twilio currently has an average rating of "Moderate Buy" and an average target price of $132.13.

Twilio Trading Down 4.0 %

TWLO traded down $3.41 during trading on Wednesday, hitting $81.56. 2,014,288 shares of the stock were exchanged, compared to its average volume of 2,637,913. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a 50 day simple moving average of $103.89 and a 200 day simple moving average of $103.73. The firm has a market cap of $12.45 billion, a price-to-earnings ratio of -127.44, a P/E/G ratio of 4.30 and a beta of 1.50. Twilio has a 1 year low of $52.51 and a 1 year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate 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 negative net margin of 2.45% and a positive return on equity of 1.38%. As a group, equities analysts expect that Twilio will post 1.44 EPS for the current year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 2,500 shares of the company's stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $117.45, for a total value of $293,625.00. Following the transaction, the chief financial officer now directly owns 184,164 shares in the company, valued at approximately $21,630,061.80. This represents a 1.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $1,155,929.28. Following the completion of the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 over the last 90 days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of TWLO. Avior Wealth Management LLC increased its holdings in Twilio by 13.3% in the 1st quarter. Avior Wealth Management LLC now owns 5,424 shares of the technology company's stock valued at $531,000 after purchasing an additional 638 shares during the last quarter. CWA Asset Management Group LLC boosted its position in Twilio by 56.5% in the 1st quarter. CWA Asset Management Group LLC now owns 48,969 shares of the technology company's stock valued at $4,795,000 after buying an additional 17,677 shares during the period. Insigneo Advisory Services LLC purchased a new stake in shares of Twilio during the first quarter worth $224,000. QRG Capital Management Inc. raised its stake in shares of Twilio by 198.2% in the first quarter. QRG Capital Management Inc. now owns 8,077 shares of the technology company's stock valued at $791,000 after acquiring an additional 5,368 shares in the last quarter. Finally, MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Twilio by 231.2% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 97,631 shares of the technology company's stock worth $9,559,000 after purchasing an additional 68,149 shares in the last quarter. 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.