Twilio (NYSE:TWLO) Rating Lowered to Equal Weight at Morgan Stanley

Morgan Stanley lowered shares of Twilio (NYSE:TWLO) from an overweight rating to an equal weight rating in a research note published on Friday morning, MarketBeat.com reports. They currently have $60.00 target price on the technology company’s stock, down from their previous target price of $70.00.

TWLO has been the topic of a number of other reports. Oppenheimer reiterated an outperform rating and set a $75.00 price objective on shares of Twilio in a research note on Wednesday, April 17th. The Goldman Sachs Group lifted their price objective on shares of Twilio from $69.00 to $70.00 and gave the company a neutral rating in a research note on Wednesday, March 6th. Northland Securities cut Twilio from an outperform rating to a market perform rating and set a $66.00 target price for the company. in a research note on Thursday, February 15th. Wells Fargo & Company decreased their price target on Twilio from $70.00 to $60.00 and set an equal weight rating on the stock in a research note on Wednesday, March 6th. Finally, Stifel Nicolaus lowered their price target on Twilio from $70.00 to $60.00 and set a hold rating for the company in a report on Wednesday, March 6th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio currently has an average rating of Hold and a consensus target price of $69.20.

Twilio Stock Down 1.4 %

Shares of TWLO opened at $53.50 on Friday. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $9.16 billion, a PE ratio of -13.34, a P/E/G ratio of 9.15 and a beta of 1.34. The firm’s 50 day moving average is $59.41 and its 200-day moving average is $64.54. Twilio has a 12 month low of $49.86 and a 12 month high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative return on equity of 0.89% and a negative net margin of 17.37%. Equities research analysts forecast that Twilio will post 0.18 EPS for the current year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 24,657 shares of Twilio stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $57.00, for a total value of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at $17,745,525. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the sale, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 6,633 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $62.12, for a total transaction of $412,041.96. Following the completion of the transaction, the chief financial officer now owns 234,411 shares in the company, valued at approximately $14,561,611.32. The disclosure for this sale can be found here. Insiders sold a total of 52,349 shares of company stock valued at $3,120,046 in the last three months. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Institutional investors have recently added to or reduced their stakes in the business. Tidal Investments LLC boosted its position in shares of Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after purchasing an additional 166 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Twilio by 14.2% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 1,339 shares of the technology company’s stock worth $102,000 after acquiring an additional 167 shares in the last quarter. Blue Zone Wealth Advisors LLC grew its stake in Twilio by 4.0% in the fourth quarter. Blue Zone Wealth Advisors LLC now owns 4,728 shares of the technology company’s stock valued at $359,000 after acquiring an additional 181 shares during the period. Brighton Jones LLC increased its holdings in shares of Twilio by 1.8% during the fourth quarter. Brighton Jones LLC now owns 10,209 shares of the technology company’s stock valued at $775,000 after acquiring an additional 185 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Twilio by 29.0% during the first quarter. Fifth Third Bancorp now owns 841 shares of the technology company’s stock worth $51,000 after purchasing an additional 189 shares during the period. 84.27% of the stock is 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.