Twilio (NYSE:TWLO) Downgraded to Hold at Stifel Nicolaus

Stifel Nicolaus downgraded shares of Twilio (NYSE:TWLOGet Rating) from a buy rating to a hold rating in a research report sent to investors on Friday, The Fly reports. They currently have $90.00 price objective on the technology company’s stock, down from their previous price objective of $200.00.

A number of other analysts also recently issued reports on the stock. JMP Securities cut their price objective on shares of Twilio from $510.00 to $250.00 in a report on Thursday, May 5th. The Goldman Sachs Group cut their price objective on shares of Twilio from $300.00 to $262.00 and set a buy rating for the company in a report on Thursday, April 14th. BTIG Research dropped their target price on shares of Twilio from $270.00 to $230.00 in a research report on Thursday, May 5th. Piper Sandler dropped their target price on shares of Twilio from $220.00 to $132.00 and set an overweight rating for the company in a research report on Monday, July 18th. Finally, Robert W. Baird cut shares of Twilio from an outperform rating to a neutral rating and dropped their target price for the company from $155.00 to $120.00 in a research report on Monday, May 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and a consensus target price of $177.96.

Twilio Stock Performance

Shares of TWLO stock opened at $84.92 on Friday. The company has a quick ratio of 8.10, a current ratio of 8.10 and a debt-to-equity ratio of 0.09. The company has a 50-day simple moving average of $90.94 and a 200 day simple moving average of $129.29. Twilio has a 52 week low of $77.14 and a 52 week high of $382.75.

Twilio (NYSE:TWLOGet Rating) last posted its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The firm had revenue of $943.35 million during the quarter, compared to the consensus estimate of $920.97 million. Twilio had a negative net margin of 31.16% and a negative return on equity of 7.02%. The business’s revenue for the quarter was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.94) EPS. As a group, equities analysts forecast that Twilio will post -3.46 earnings per share for the current fiscal year.

Insider Activity

In related news, COO Khozema Shipchandler sold 3,600 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $105.78, for a total transaction of $380,808.00. Following the transaction, the chief operating officer now directly owns 96,549 shares of the company’s stock, valued at $10,212,953.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, COO Khozema Shipchandler sold 3,600 shares of the stock in a transaction on Monday, May 16th. The shares were sold at an average price of $105.78, for a total transaction of $380,808.00. Following the transaction, the chief operating officer now directly owns 96,549 shares of the company’s stock, valued at $10,212,953.22. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Eyal Manor sold 853 shares of the stock in a transaction on Friday, July 15th. The stock was sold at an average price of $82.69, for a total transaction of $70,534.57. Following the transaction, the insider now directly owns 160,358 shares in the company, valued at $13,260,003.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 14,242 shares of company stock valued at $1,374,510. 4.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Gables Capital Management Inc. acquired a new position in Twilio during the fourth quarter worth $26,000. Cornerstone Advisory LLC purchased a new stake in shares of Twilio in the fourth quarter valued at about $35,000. Greycroft LP purchased a new stake in shares of Twilio in the fourth quarter valued at about $29,000. MUFG Americas Holdings Corp purchased a new stake in Twilio during the fourth quarter worth about $34,000. Finally, Confluence Wealth Services Inc. purchased a new stake in Twilio during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 75.10% of the company’s stock.

About Twilio

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Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.

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