Twilio (NYSE:TWLO – Get Rating) updated its third quarter earnings guidance on Thursday. The company provided earnings per share guidance of $(0.43)-$(0.37) for the period, compared to the consensus earnings per share estimate of ($0.11). The company issued revenue guidance of $965-975 million, compared to the consensus revenue estimate of $979.32 million. Twilio also updated its Q3 2022 guidance to -$0.43–$0.37 EPS.
Twilio Price Performance
Shares of TWLO stock opened at $85.60 on Friday. The firm has a market cap of $15.55 billion, a P/E ratio of -18.08 and a beta of 1.53. The company has a debt-to-equity ratio of 0.09, a quick ratio of 8.10 and a current ratio of 8.10. The business’s 50 day moving average price is $91.40 and its 200-day moving average price is $130.14. Twilio has a fifty-two week low of $77.14 and a fifty-two week high of $382.75.
Twilio (NYSE:TWLO – Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.09. The business had revenue of $943.35 million during the quarter, compared to analysts’ expectations of $920.97 million. Twilio had a negative return on equity of 6.11% and a negative net margin of 30.86%. The firm’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.94) earnings per share. On average, equities research analysts anticipate that Twilio will post -3.46 earnings per share for the current year.
Analyst Ratings Changes
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Several brokerages recently commented on TWLO. Needham & Company LLC cut their price objective on Twilio from $350.00 to $200.00 in a report on Thursday, May 5th. Morgan Stanley cut their price objective on Twilio from $240.00 to $160.00 and set an overweight rating for the company in a report on Thursday, July 14th. Piper Sandler cut their price objective on Twilio from $132.00 to $122.00 in a report on Friday. Scotiabank started coverage on Twilio in a report on Wednesday, June 8th. They set an outperform rating and a $215.00 price target for the company. Finally, The Goldman Sachs Group cut their price target on Twilio from $300.00 to $262.00 and set a buy rating for the company in a report on Thursday, April 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio has an average rating of Moderate Buy and a consensus price target of $196.04.
Insider Activity
In other news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $82.69, for a total transaction of $70,534.57. Following the sale, the insider now directly owns 160,358 shares in the company, valued at approximately $13,260,003.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Eyal Manor sold 853 shares of the firm’s stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $82.69, for a total transaction of $70,534.57. Following the sale, the insider now directly owns 160,358 shares in the company, valued at approximately $13,260,003.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Khozema Shipchandler sold 1,454 shares of Twilio stock in a transaction dated Wednesday, July 6th. The stock was sold at an average price of $90.21, for a total value of $131,165.34. Following the completion of the sale, the chief operating officer now owns 90,000 shares in the company, valued at $8,118,900. The disclosure for this sale can be found here. Insiders have sold 14,242 shares of company stock worth $1,374,510 in the last ninety days. Company insiders own 4.96% of the company’s stock.
Institutional Investors Weigh In On Twilio
Several institutional investors have recently bought and sold shares of the company. Geneos Wealth Management Inc. raised its position in shares of Twilio by 18.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 692 shares of the technology company’s stock valued at $114,000 after buying an additional 109 shares during the period. Global Wealth Management Investment Advisory Inc. increased its holdings in Twilio by 8.3% in the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 1,729 shares of the technology company’s stock valued at $285,000 after purchasing an additional 133 shares during the last quarter. Covestor Ltd increased its holdings in Twilio by 419.5% in the 1st quarter. Covestor Ltd now owns 213 shares of the technology company’s stock valued at $35,000 after purchasing an additional 172 shares during the last quarter. Penserra Capital Management LLC increased its holdings in Twilio by 19.6% in the 1st quarter. Penserra Capital Management LLC now owns 1,263 shares of the technology company’s stock valued at $208,000 after purchasing an additional 207 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in Twilio by 39.9% in the 1st quarter. Acadian Asset Management LLC now owns 1,178 shares of the technology company’s stock valued at $192,000 after purchasing an additional 336 shares during the last quarter. 75.10% of the stock is currently owned by institutional investors and hedge funds.
Twilio Company Profile
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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