Twilio (NYSE:TWLO) Price Target Lowered to $125.00 at Needham & Company LLC

Twilio (NYSE:TWLO - Get Free Report) had its target price lowered by Needham & Company LLC from $165.00 to $125.00 in a report released on Tuesday,Benzinga reports. The firm presently has a "buy" rating on the technology company's stock. Needham & Company LLC's target price points to a potential upside of 27.71% from the stock's previous close.

A number of other equities research analysts have also commented on TWLO. Tigress Financial raised their price objective on Twilio from $135.00 to $170.00 and gave the stock a "buy" rating in a research report on Tuesday, February 25th. The Goldman Sachs Group raised shares of Twilio from a "neutral" rating to a "buy" rating and increased their target price for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Mizuho lowered their target price on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Royal Bank of Canada restated an "underperform" rating and set a $75.00 price objective on shares of Twilio in a report on Wednesday, March 19th. Finally, Piper Sandler reissued an "overweight" rating and issued 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 assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Twilio currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.65.

Twilio Price Performance

Twilio stock traded up $1.17 during midday trading on Tuesday, hitting $97.88. The company's stock had a trading volume of 5,006,524 shares, compared to its average volume of 2,671,949. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock's 50-day moving average price is $97.67 and its 200-day moving average price is $104.67. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95. The company has a market capitalization of $14.94 billion, a PE ratio of -152.93, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last announced its 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 analyst estimates of $1.19 billion. Analysts anticipate that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Transactions at Twilio

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 value of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares in the company, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Twilio

Several institutional investors have recently added to or reduced their stakes in the company. Ritholtz Wealth Management bought a new stake in shares of Twilio during the 4th quarter valued at approximately $344,000. Bleakley Financial Group LLC acquired a new stake in shares of Twilio during the fourth quarter valued at about $230,000. Aigen Investment Management LP grew its holdings in Twilio by 81.6% during the 4th quarter. Aigen Investment Management LP now owns 11,546 shares of the technology company's stock worth $1,248,000 after acquiring an additional 5,188 shares during the last quarter. Highland Capital Management LLC bought a new position in Twilio during the 4th quarter worth $912,000. Finally, Moloney Securities Asset Management LLC bought a new position in shares of Twilio during the fourth quarter worth about $860,000. 84.27% of the stock is currently owned by institutional investors.

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.