Twilio (NYSE:TWLO) PT Lowered to $63.00 at Macquarie

Twilio (NYSE:TWLO - Free Report) had its target price cut by Macquarie from $69.00 to $63.00 in a research note issued to investors on Wednesday, Benzinga reports. They currently have a neutral rating on the technology company's stock.

TWLO has been the subject of several other reports. Canaccord Genuity Group reduced their target price on Twilio from $90.00 to $85.00 and set a buy rating for the company in a report on Wednesday. The Goldman Sachs Group boosted their price target on shares of Twilio from $69.00 to $70.00 and gave the company a neutral rating in a report on Wednesday, March 6th. JMP Securities reiterated a market outperform rating and set a $110.00 price objective on shares of Twilio in a research report on Thursday, February 15th. Northland Securities lowered Twilio from an outperform rating to a market perform rating and set a $66.00 target price for the company. in a report on Thursday, February 15th. Finally, HSBC downgraded Twilio from a hold rating to a reduce rating and lowered their price target for the company from $62.00 to $61.00 in a report on Wednesday, February 14th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, Twilio presently has a consensus rating of Hold and an average price target of $68.59.

Twilio Price Performance

TWLO stock traded down $4.76 during trading hours on Wednesday, hitting $58.61. 8,831,348 shares of the stock traded hands, compared to its average volume of 3,228,315. Twilio has a one year low of $45.02 and a one year high of $78.16. The company has a current ratio of 6.64, a quick ratio of 6.64 and a debt-to-equity ratio of 0.10. The company has a market cap of $10.67 billion, a P/E ratio of -10.58 and a beta of 1.33. The stock has a 50-day simple moving average of $60.72 and a 200 day simple moving average of $64.38.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.20) by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.04 billion. Twilio had a negative net margin of 24.44% and a negative return on equity of 1.66%. Equities analysts forecast that Twilio will post -0.11 earnings per share for the current year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,961 shares of the business's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the transaction, the chief executive officer now owns 335,982 shares of the company's stock, valued at approximately $20,874,561.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CFO Aidan Viggiano sold 1,694 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now owns 167,101 shares of the company's stock, valued at $10,529,034.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,961 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.13, for a total transaction of $681,006.93. Following the completion of the sale, the chief executive officer now directly owns 335,982 shares of the company's stock, valued at $20,874,561.66. The disclosure for this sale can be found here. In the last three months, insiders sold 30,958 shares of company stock valued at $1,910,447. Company insiders own 4.20% of the company's stock.

Institutional Investors Weigh In On Twilio

Hedge funds have recently made changes to their positions in the stock. Commonwealth Equity Services LLC raised its stake in shares of Twilio by 1.8% in the 3rd quarter. Commonwealth Equity Services LLC now owns 110,155 shares of the technology company's stock valued at $6,447,000 after buying an additional 1,951 shares in the last quarter. Raymond James & Associates lifted its stake in Twilio by 10.0% during the third quarter. Raymond James & Associates now owns 41,632 shares of the technology company's stock worth $2,437,000 after purchasing an additional 3,786 shares during the period. Raymond James Financial Services Advisors Inc. grew its stake in shares of Twilio by 7.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 29,022 shares of the technology company's stock valued at $1,699,000 after purchasing an additional 2,014 shares during the period. Stratos Wealth Partners LTD. bought a new position in shares of Twilio during the 3rd quarter worth approximately $202,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Twilio by 4.2% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,111 shares of the technology company's stock valued at $2,757,000 after buying an additional 1,881 shares in the last quarter. 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.