Twilio (NYSE:TWLO) Shares Down 6% Following Analyst Downgrade

Twilio Inc. (NYSE:TWLO) fell 6% during trading on Monday after UBS Group lowered their price target on the stock from $150.00 to $135.00. UBS Group currently has a buy rating on the stock. Twilio traded as low as $92.56 and last traded at $92.74. 5,283,600 shares traded hands during trading, an increase of 77% from the average session volume of 2,982,529 shares. The stock had previously closed at $98.67.

TWLO has been the topic of several other research reports. JMP Securities reiterated a “market outperform” rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Tigress Financial reiterated a “buy” rating and issued a $170.00 price target on shares of Twilio in a report on Thursday, May 8th. Wall Street Zen lowered Twilio from a “strong-buy” rating to a “buy” rating in a report on Friday, May 30th. HSBC upgraded Twilio from a “reduce” rating to a “hold” rating and increased their price target for the stock from $77.00 to $99.00 in a report on Monday, May 5th. Finally, Scotiabank increased their price target on Twilio from $130.00 to $135.00 and gave the stock a “sector outperform” rating in a report on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Twilio presently has a consensus rating of “Moderate Buy” and a consensus target price of $126.74.

Insider Activity at Twilio

In related news, CFO Aidan Viggiano sold 8,297 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the completion of the sale, the chief financial officer directly owned 147,823 shares of the company’s stock, valued at approximately $17,302,682.15. This trade represents a 5.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Erika Rottenberg sold 4,100 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total value of $492,123.00. Following the sale, the director directly owned 33,488 shares of the company’s stock, valued at $4,019,564.64. The trade was a 10.91% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 55,888 shares of company stock valued at $6,753,409. 4.50% of the stock is owned by insiders.

Institutional Trading of Twilio

Institutional investors and hedge funds have recently modified their holdings of the business. Brighton Jones LLC increased its position in Twilio by 6.6% in the fourth quarter. Brighton Jones LLC now owns 10,051 shares of the technology company’s stock worth $1,086,000 after buying an additional 623 shares during the last quarter. Wellington Management Group LLP increased its position in Twilio by 13.0% in the fourth quarter. Wellington Management Group LLP now owns 5,937 shares of the technology company’s stock worth $642,000 after buying an additional 685 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Twilio by 101.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 46,993 shares of the technology company’s stock worth $5,079,000 after buying an additional 23,608 shares during the last quarter. Invesco Ltd. increased its position in Twilio by 38.5% in the fourth quarter. Invesco Ltd. now owns 501,326 shares of the technology company’s stock worth $54,183,000 after buying an additional 139,384 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Twilio in the fourth quarter worth $25,778,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

Twilio Stock Up 2.9%

The company has a quick ratio of 4.78, a current ratio of 4.90 and a debt-to-equity ratio of 0.12. The stock has a 50-day simple moving average of $120.94 and a 200-day simple moving average of $113.91. The firm has a market capitalization of $14.52 billion, a PE ratio of 792.48, a P/E/G ratio of 2.95 and a beta of 1.23.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 7th. The technology company reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.02 by $0.17. Twilio had a return on equity of 2.78% and a net margin of 0.43%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same period last year, the business posted $0.87 earnings per share. The business’s revenue for the quarter was up 13.5% on a year-over-year basis. Analysts forecast that Twilio Inc. will post 1.44 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.