Twilio (NYSE:TWLO) Trading Down 8.2% on Analyst Downgrade

Twilio Inc. (NYSE:TWLO)’s stock price was down 8.2% on Wednesday after Macquarie lowered their price target on the stock from $69.00 to $63.00. Macquarie currently has a neutral rating on the stock. Twilio traded as low as $58.07 and last traded at $58.16. Approximately 5,209,947 shares changed hands during mid-day trading, an increase of 64% from the average daily volume of 3,184,619 shares. The stock had previously closed at $63.37.

A number of other analysts have also recently weighed in on the stock. Northland Securities cut shares of Twilio from an “outperform” rating to a “market perform” rating and set a $66.00 price objective on the stock. in a report on Thursday, February 15th. Robert W. Baird cut their price objective on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a report on Wednesday. Wells Fargo & Company cut their price objective on shares of Twilio from $70.00 to $60.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 6th. Needham & Company LLC reissued a “buy” rating and set a $71.00 price objective on shares of Twilio in a report on Wednesday. Finally, StockNews.com cut shares of Twilio from a “buy” rating to a “hold” rating in a report on Wednesday, March 6th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $68.59.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 1,666 shares of Twilio stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $62.92, for a total value of $104,824.72. Following the transaction, the insider now directly owns 130,456 shares in the company, valued at approximately $8,208,291.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Twilio news, CFO Aidan Viggiano sold 1,200 shares of the business’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total transaction of $66,852.00. Following the sale, the chief financial officer now directly owns 241,044 shares in the company, valued at approximately $13,428,561.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 1,666 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $62.92, for a total transaction of $104,824.72. Following the sale, the insider now owns 130,456 shares in the company, valued at $8,208,291.52. The disclosure for this sale can be found here. Insiders have sold a total of 30,958 shares of company stock worth $1,910,447 in the last three months. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several institutional investors have recently made changes to their positions in TWLO. Principal Securities Inc. purchased a new stake in shares of Twilio during the 4th quarter worth $25,000. Truvestments Capital LLC raised its stake in shares of Twilio by 123.5% during the 3rd quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after buying an additional 247 shares during the last quarter. Activest Wealth Management raised its stake in shares of Twilio by 327.9% during the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after buying an additional 400 shares during the last quarter. Westend Capital Management LLC acquired a new position in shares of Twilio during the 1st quarter worth $35,000. Finally, Blue Trust Inc. raised its stake in shares of Twilio by 1,566.7% during the 4th quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after buying an additional 564 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Stock Down 7.5 %

The firm has a market cap of $10.67 billion, a price-to-earnings ratio of -10.58 and a beta of 1.33. 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 firm has a 50 day moving average price of $60.72 and a 200-day moving average price of $64.38.

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

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.