Twilio Inc. (NYSE:TWLO – Get Rating) – Equities research analysts at Zacks Research boosted their Q2 2023 earnings per share estimates for Twilio in a research report issued to clients and investors on Tuesday, May 23rd. Zacks Research analyst A. Bhagat now expects that the technology company will post earnings of ($0.47) per share for the quarter, up from their prior forecast of ($0.52). The consensus estimate for Twilio’s current full-year earnings is ($1.60) per share. Zacks Research also issued estimates for Twilio’s Q3 2023 earnings at ($0.44) EPS, Q4 2023 earnings at ($0.42) EPS, FY2023 earnings at ($1.53) EPS, Q1 2024 earnings at ($0.40) EPS, Q2 2024 earnings at ($0.45) EPS, Q3 2024 earnings at ($0.44) EPS, Q4 2024 earnings at ($0.44) EPS, FY2024 earnings at ($1.72) EPS, Q1 2025 earnings at ($0.34) EPS and FY2025 earnings at ($1.17) EPS.
TWLO has been the topic of several other research reports. Royal Bank of Canada decreased their price target on Twilio from $75.00 to $55.00 in a report on Wednesday, May 10th. Stifel Nicolaus lowered their price target on shares of Twilio from $75.00 to $50.00 in a research report on Wednesday, May 10th. Piper Sandler dropped their price target on shares of Twilio from $83.00 to $56.00 in a research note on Wednesday, May 10th. Morgan Stanley reduced their price objective on shares of Twilio from $82.00 to $65.00 in a research note on Wednesday, May 10th. Finally, Sanford C. Bernstein dropped their target price on shares of Twilio from $77.00 to $58.00 in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $79.11.
Twilio Stock Down 3.8 %
Twilio (NYSE:TWLO – Get Rating) last announced its earnings results on Tuesday, May 9th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.58) by $0.21. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $999.82 million. Twilio had a negative net margin of 34.79% and a negative return on equity of 6.91%.
Insiders Place Their Bets
In related news, CFO Aidan Viggiano sold 6,226 shares of Twilio stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $63.76, for a total value of $396,969.76. Following the sale, the chief financial officer now owns 213,577 shares of the company’s stock, valued at $13,617,669.52. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Dana Wagner sold 1,977 shares of Twilio stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $45.49, for a total value of $89,933.73. Following the completion of the transaction, the insider now owns 157,506 shares of the company’s stock, valued at approximately $7,164,947.94. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,226 shares of the business’s stock in a transaction dated Friday, March 31st. The stock was sold at an average price of $63.76, for a total transaction of $396,969.76. Following the transaction, the chief financial officer now owns 213,577 shares in the company, valued at $13,617,669.52. The disclosure for this sale can be found here. Insiders have sold 13,256 shares of company stock valued at $787,689 in the last three months. 4.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Twilio
A number of hedge funds and other institutional investors have recently bought and sold shares of TWLO. Vanguard Group Inc. lifted its position in shares of Twilio by 1.8% in the third quarter. Vanguard Group Inc. now owns 16,175,365 shares of the technology company’s stock valued at $1,118,364,000 after buying an additional 279,769 shares during the last quarter. BlackRock Inc. raised its stake in Twilio by 2.3% in the 1st quarter. BlackRock Inc. now owns 11,519,294 shares of the technology company’s stock valued at $767,531,000 after acquiring an additional 256,578 shares during the period. FMR LLC lifted its holdings in Twilio by 28.2% during the 1st quarter. FMR LLC now owns 9,589,225 shares of the technology company’s stock valued at $638,930,000 after purchasing an additional 2,109,091 shares during the last quarter. Generation Investment Management LLP boosted its position in Twilio by 3.7% during the first quarter. Generation Investment Management LLP now owns 7,556,873 shares of the technology company’s stock worth $503,514,000 after purchasing an additional 270,533 shares during the period. Finally, ARK Investment Management LLC increased its holdings in shares of Twilio by 8.5% in the fourth quarter. ARK Investment Management LLC now owns 7,409,945 shares of the technology company’s stock valued at $362,791,000 after purchasing an additional 583,314 shares during the last quarter. Institutional investors own 78.68% of the company’s stock.
Twilio, Inc engages in the development of communications software, cloud-based platform, and services. Its products include Twilio flex, messaging, programmable voice, programmable video, elastic SIP trunking, and IoT. The company was founded by John Wolthuis, Jeffery G. Lawson, and Evan Cooke in March 2008 and is headquartered in San Francisco, CA.
- Get a free copy of the StockNews.com research report on Twilio (TWLO)
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