Robert W. Baird Has Lowered Expectations for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price objective decreased by investment analysts at Robert W. Baird from $160.00 to $130.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price objective points to a potential upside of 32.82% from the company’s previous close.

Other analysts have also issued reports about the stock. Wells Fargo & Company cut their target price 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 lifted their target price on Twilio from $145.00 to $175.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Piper Sandler reissued an “overweight” rating and issued a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday, January 24th. Morgan Stanley lowered their target price on shares of Twilio from $160.00 to $111.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group decreased their price target on shares of Twilio from $145.00 to $108.00 and set a “hold” rating for the company in a research note on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $124.65.

Twilio Price Performance

Shares of TWLO opened at $97.88 on Wednesday. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day simple moving average of $97.67 and a two-hundred day simple moving average of $104.67. The stock has a market cap of $14.94 billion, a PE ratio of -152.93, a P/E/G ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO) last released 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 firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, analysts forecast that Twilio will post 1.44 EPS for the current year.

Insider Activity

In other news, CFO Aidan Viggiano sold 2,500 shares of the firm’s stock in a transaction 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 in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction dated 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 23,471 shares of company stock worth $2,344,149. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Large investors have recently modified their holdings of the business. Arrowstreet Capital Limited Partnership lifted its stake in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Jericho Capital Asset Management L.P. acquired a new stake in shares of Twilio during the fourth quarter valued at $301,258,000. Norges Bank purchased a new stake in Twilio during the 4th quarter worth about $222,146,000. Two Sigma Investments LP raised its stake in Twilio by 1,292.9% in the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after purchasing an additional 1,048,619 shares during the last quarter. Finally, Whale Rock Capital Management LLC purchased a new position in Twilio in the 4th quarter valued at about $111,312,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.