Twilio (NYSE:TWLO – Get Rating) posted its quarterly earnings results on Thursday. The technology company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.09, Briefing.com reports. The business had revenue of $943.35 million for the quarter, compared to analysts’ expectations of $920.97 million. Twilio had a negative net margin of 30.86% and a negative return on equity of 6.11%. The business’s revenue for the quarter was up 41.0% on a year-over-year basis. During the same period in the prior year, the company posted ($0.94) EPS. Twilio updated its Q3 2022 guidance to -$0.43–$0.37 EPS and its Q3 guidance to $(0.43)-$(0.37) EPS.
Twilio Trading Down 13.5 %
NYSE TWLO traded down $13.27 during mid-day trading on Friday, hitting $84.92. The company’s stock had a trading volume of 17,259,835 shares, compared to its average volume of 3,845,889. Twilio has a 52-week low of $77.14 and a 52-week high of $382.75. The stock’s fifty day simple moving average is $90.94 and its two-hundred day simple moving average is $129.29. The company has a debt-to-equity ratio of 0.09, a current ratio of 8.10 and a quick ratio of 8.10. The firm has a market capitalization of $15.43 billion, a P/E ratio of -15.64 and a beta of 1.53.
Insider Activity at Twilio
In related news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $82.69, for a total value of $70,534.57. Following the transaction, the insider now owns 160,358 shares in the company, valued at $13,260,003.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Twilio news, insider Eyal Manor sold 853 shares of the stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $82.69, for a total value of $70,534.57. Following the completion of the sale, the insider now owns 160,358 shares of the company’s stock, valued at $13,260,003.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Khozema Shipchandler sold 1,765 shares of the stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $81.10, for a total transaction of $143,141.50. Following the completion of the sale, the chief operating officer now directly owns 91,454 shares of the company’s stock, valued at approximately $7,416,919.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 14,242 shares of company stock worth $1,374,510. Company insiders own 4.96% of the company’s stock.
Institutional Trading of Twilio
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Canaccord Genuity Group lowered their price objective on shares of Twilio from $245.00 to $153.00 and set a “buy” rating on the stock in a research note on Friday. Mizuho lowered their price objective on shares of Twilio from $200.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday. Robert W. Baird cut shares of Twilio from an “outperform” rating to a “neutral” rating and lowered their price objective for the company from $155.00 to $120.00 in a research note on Monday, May 16th. BTIG Research lowered their price objective on shares of Twilio from $270.00 to $230.00 in a research note on Thursday, May 5th. Finally, Sanford C. Bernstein initiated coverage on shares of Twilio in a research note on Tuesday, July 19th. They set a “market perform” rating and a $91.00 price target on the stock. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $177.96.
Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate customer engagement within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher-level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, video, and email capabilities into their applications.
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