Jefferies Financial Group Has Lowered Expectations for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target cut by equities researchers at Jefferies Financial Group from $145.00 to $108.00 in a research note issued on Monday, MarketBeat Ratings reports. The firm presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price objective would suggest a potential upside of 11.96% from the stock’s previous close.

Several other equities research analysts also recently commented on the company. UBS Group raised their target price on Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Tigress Financial boosted their price objective on shares of Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $115.00 to $160.00 in a report on Friday, January 24th. William Blair restated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Finally, Wells Fargo & Company reduced their target price on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.96.

Twilio Trading Up 0.8 %

Shares of TWLO stock opened at $96.46 on Monday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $151.95. The firm’s 50 day moving average price is $98.42 and its two-hundred day moving average price is $104.54. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of -150.72, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. On average, analysts anticipate that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling

In other news, CFO Aidan Viggiano sold 7,524 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total value of $721,401.12. Following the completion of the sale, the chief financial officer now directly owns 176,640 shares of the company’s stock, valued at approximately $16,936,243.20. This represents a 4.09 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of the firm’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This represents a 3.92 % 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 quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. Cloud Capital Management LLC bought a new position in Twilio during the first quarter valued at about $34,000. UMB Bank n.a. bought a new position in shares of Twilio during the 1st quarter valued at about $37,000. CX Institutional acquired a new position in shares of Twilio in the 1st quarter worth approximately $39,000. JFS Wealth Advisors LLC raised its holdings in shares of Twilio by 244.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after purchasing an additional 266 shares in the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock valued at $41,000 after purchasing an additional 166 shares during the last quarter. 84.27% of the stock is 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.