Needham & Company LLC Issues Pessimistic Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target decreased by investment analysts at Needham & Company LLC from $165.00 to $125.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target indicates a potential upside of 30.66% from the stock’s current price.

Several other research firms have also weighed in on TWLO. Royal Bank of Canada reaffirmed an “underperform” rating and issued a $75.00 price objective on shares of Twilio in a research note on Wednesday, March 19th. Wells Fargo & Company reduced their price objective on shares of Twilio from $160.00 to $120.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. UBS Group boosted their price target on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group decreased their target price on Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a research note on Monday. Finally, Scotiabank cut their price objective on shares of Twilio from $160.00 to $130.00 and set a “sector outperform” rating on the stock in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $125.96.

Twilio Stock Up 0.6 %

Shares of Twilio stock opened at $95.67 on Tuesday. Twilio has a one year low of $52.51 and a one year high of $151.95. 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 fifty day moving average of $98.85 and a two-hundred day moving average of $104.60. The company has a market cap of $14.60 billion, a P/E ratio of -149.48, a PEG ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last announced 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). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.19 billion. On average, analysts forecast that Twilio will post 1.44 earnings per share for the current year.

Insider Activity

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

Hedge Funds Weigh In On Twilio

Hedge funds have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its stake in Twilio by 718.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in Twilio during the 4th quarter worth about $301,258,000. Norges Bank acquired a new stake in shares of Twilio during the 4th quarter worth approximately $222,146,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Twilio by 26.1% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,602,428 shares of the technology company’s stock valued at $173,190,000 after buying an additional 331,202 shares in the last quarter. Finally, Two Sigma Investments LP increased its position in shares of Twilio by 1,292.9% in the fourth quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after buying an additional 1,048,619 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

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.