Sanford C. Bernstein Cuts Twilio (NYSE:TWLO) Price Target to $68.00

Twilio (NYSE:TWLO) had its price objective lowered by Sanford C. Bernstein from $70.00 to $68.00 in a research note published on Wednesday morning, Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

TWLO has been the subject of a number of other reports. Needham & Company LLC restated a buy rating and issued a $71.00 target price on shares of Twilio in a research report on Wednesday. Robert W. Baird cut their price objective on Twilio from $70.00 to $65.00 and set a neutral rating for the company in a research report on Wednesday. The Goldman Sachs Group increased their price objective on Twilio from $69.00 to $70.00 and gave the company a neutral rating in a research report on Wednesday, March 6th. UBS Group cut their price objective on Twilio from $82.00 to $74.00 and set a buy rating for the company in a research report on Wednesday, March 6th. Finally, Oppenheimer reiterated an outperform rating and set a $75.00 price objective on shares of Twilio in a research report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, Twilio currently has a consensus rating of Hold and a consensus target price of $68.59.

Twilio Stock Performance

TWLO stock traded up $0.85 on Wednesday, reaching $59.47. The company’s stock had a trading volume of 3,823,024 shares, compared to its average volume of 3,234,963. Twilio has a 52 week low of $45.02 and a 52 week high of $78.16. The company has a market capitalization of $10.83 billion, a P/E ratio of -14.83 and a beta of 1.33. The firm has a fifty day moving average of $60.72 and a two-hundred day moving average of $64.38. The company has a debt-to-equity ratio of 0.10, a current ratio of 6.64 and a quick ratio of 6.64.

Twilio (NYSE:TWLO) last released its earnings results on Wednesday, February 14th. The technology company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.17. The firm 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%. As a group, analysts predict that Twilio will post -0.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,694 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $63.01, for a total transaction of $106,738.94. Following the transaction, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CFO Aidan Viggiano sold 1,694 shares of the firm’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $63.01, for a total value of $106,738.94. Following the sale, the chief financial officer now directly owns 167,101 shares of the company’s stock, valued at $10,529,034.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Dana Wagner sold 458 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $55.71, for a total value of $25,515.18. Following the completion of the sale, the insider now directly owns 171,744 shares in the company, valued at $9,567,858.24. The disclosure for this sale can be found here. Insiders have sold 30,958 shares of company stock valued at $1,910,447 over the last three months. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently made changes to their positions in TWLO. Principal Securities Inc. bought a new position in Twilio during the fourth quarter worth about $25,000. Truvestments Capital LLC lifted its stake in Twilio by 123.5% during the third quarter. Truvestments Capital LLC now owns 447 shares of the technology company’s stock worth $26,000 after purchasing an additional 247 shares during the period. Activest Wealth Management lifted its stake in Twilio by 327.9% during the first quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock worth $32,000 after purchasing an additional 400 shares during the period. Westend Capital Management LLC bought a new position in Twilio during the first quarter worth about $35,000. Finally, Blue Trust Inc. lifted its stake in Twilio by 1,566.7% during the fourth quarter. Blue Trust Inc. now owns 600 shares of the technology company’s stock worth $46,000 after purchasing an additional 564 shares during the period. Institutional investors own 84.27% of the company’s stock.

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.