In yesterday’s Wall Street session, Twilio Inc. (NYSE:TWLO) shares traded at $66.47, down -0.63% from the previous session.
33 analysts cover Twilio Inc. (NYSE:TWLO), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $110.00 and a low of $50.00, we find $60.00. Given the previous closing price of $66.89, this indicates a potential downside of -10.3 percent. TWLO stock price is now 9.44% away from the 50-day moving average and 11.37% away from the 200-day moving average. The market capitalization of the company currently stands at $12.71B.
The stock has received a hold rating from 18 analysts and a buy rating from 12. Brokers who have rated the stock have averaged $63.98 as their price target over the next twelve months.
With the price target enhanced from $56 to $71, Piper Sandler Downgraded its rating from Overweight to Neutral for Twilio Inc. (NYSE: TWLO).
In other news, Viggiano Aidan, Chief Financial Officer sold 3,223 shares of the company’s stock on Jul 06. The stock was sold for $204,822 at an average price of $63.55. Upon completion of the transaction, the Chief Financial Officer now directly owns 195,034 shares in the company, valued at $12.96 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 06, President, Data & Applications DONIO ELENA A. sold 2,642 shares of the business’s stock. A total of $167,846 was realized by selling the stock at an average price of $63.53. This leaves the insider owning 435,681 shares of the company worth $28.96 million. Insiders disposed of 201,161 shares of company stock worth roughly $13.37 million over the past 1 year. A total of 0.40% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TWLO stock. A new stake in Twilio Inc. shares was purchased by SOUTHPOINT CAPITAL ADVISORS LP during the first quarter worth $112,999,000. JACOBS LEVY EQUITY MANAGEMENT, INC invested $71,447,000 in shares of TWLO during the first quarter. In the first quarter, ARTEMIS INVESTMENT MANAGEMENT LLP acquired a new stake in Twilio Inc. valued at approximately $67,306,000. EAGLE ASSET MANAGEMENT INC acquired a new stake in TWLO for approximately $62,685,000. EMPOWER ADVISORY GROUP, LLC purchased a new stake in TWLO valued at around $58,906,000 in the second quarter. In total, there are 879 active investors with 85.20% ownership of the company’s stock.
On Monday morning Twilio Inc. (NYSE: TWLO) stock kicked off with the opening price of $65.74. During the past 12 months, Twilio Inc. has had a low of $41.00 and a high of $98.67. As of last week, the company has a debt-to-equity ratio of 0.10, a current ratio of 6.20, and a quick ratio of 6.20. The fifty day moving average price for TWLO is $61.07 and a two-hundred day moving average price translates $59.66 for the stock.
The latest earnings results from Twilio Inc. (NYSE: TWLO) was released for Mar, 2023. According to the Internet Content & Information Company, earnings per share came in at $0.47, beating analysts’ expectations of $0.21 by 0.26. This compares to -$1.23 EPS in the same period last year. The net profit margin was -34.80% and return on equity was -13.00% for TWLO. The company reported revenue of $1.01 billion for the quarter, compared to $875.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 14.99 percent. For the current quarter, analysts expect TWLO to generate $985.93M in revenue.
Twilio Inc.(TWLO) Company Profile
Twilio Inc., together with its subsidiaries, provides software and communications solutions in the United States and internationally. The company operates cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications. Its customer engagement platform provides a set of application programming interfaces that enable developers to embed voice, messaging, and email interactions into their customer-facing applications. Twilio Inc. was incorporated in 2008 and is headquartered in San Francisco, California.
