Twilio (NYSE:TWLO) Issues Q3 2022 Earnings Guidance

Twilio (NYSE:TWLOGet Rating) updated its third quarter 2022 earnings guidance on Wednesday. The company provided EPS guidance of -$0.43–$0.37 for the period, compared to the consensus EPS estimate of -$0.36. The company issued revenue guidance of $965.00 million-$975.00 million, compared to the consensus revenue estimate of $971.44 million.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on TWLO shares. Mizuho lowered their price objective on Twilio from $200.00 to $125.00 and set a buy rating on the stock in a research note on Friday, August 5th. Piper Sandler lowered their price objective on Twilio from $132.00 to $122.00 and set an overweight rating on the stock in a research note on Friday, August 5th. Credit Suisse Group began coverage on Twilio in a research report on Friday. They set a neutral rating and a $80.00 price target on the stock. Cowen decreased their price target on Twilio from $150.00 to $125.00 in a research report on Friday, August 5th. Finally, Cowen decreased their price target on Twilio from $150.00 to $125.00 in a research report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nineteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $151.96.

Twilio Trading Down 4.3 %

NYSE:TWLO traded down $2.97 during trading hours on Friday, hitting $66.80. The company had a trading volume of 163,775 shares, compared to its average volume of 4,284,328. The company has a debt-to-equity ratio of 0.09, a current ratio of 6.42 and a quick ratio of 6.42. The company has a market capitalization of $12.14 billion, a PE ratio of -11.39 and a beta of 1.58. The stock has a 50-day moving average price of $79.49 and a 200 day moving average price of $104.18. Twilio has a 52 week low of $64.29 and a 52 week high of $373.00.

Twilio (NYSE:TWLOGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported ($1.47) EPS for the quarter, missing the consensus estimate of ($0.96) by ($0.51). The firm had revenue of $943.35 million for the quarter, compared to analysts’ expectations of $920.97 million. Twilio had a negative net margin of 31.16% and a negative return on equity of 7.05%. The business’s quarterly revenue was up 41.0% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.94) EPS. On average, equities research analysts predict that Twilio will post -4.3 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, COO Khozema Shipchandler sold 1,454 shares of the firm’s stock in a transaction on Wednesday, July 6th. The stock was sold at an average price of $90.21, for a total transaction of $131,165.34. Following the completion of the transaction, the chief operating officer now owns 90,000 shares of the company’s stock, valued at $8,118,900. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, 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 transaction, the chief operating officer now owns 90,000 shares of the company’s stock, valued at approximately $8,118,900. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eyal Manor sold 397 shares of Twilio stock in a transaction dated Thursday, September 15th. The stock was sold at an average price of $76.34, for a total value of $30,306.98. Following the completion of the transaction, the insider now directly owns 156,084 shares of the company’s stock, valued at approximately $11,915,452.56. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,893 shares of company stock valued at $1,087,443. 4.96% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

Several large investors have recently modified their holdings of the stock. Forum Financial Management LP raised its position in Twilio by 48.1% in the 1st quarter. Forum Financial Management LP now owns 1,801 shares of the technology company’s stock worth $296,000 after buying an additional 585 shares during the last quarter. Global Wealth Management Investment Advisory Inc. raised its position 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 worth $285,000 after buying an additional 133 shares during the last quarter. Evergreen Capital Management LLC purchased a new position in Twilio in the 1st quarter worth about $278,000. Kingsview Wealth Management LLC purchased a new position in Twilio in the 2nd quarter worth about $267,000. Finally, Captrust Financial Advisors raised its position in Twilio by 18.5% in the 2nd quarter. Captrust Financial Advisors now owns 3,030 shares of the technology company’s stock worth $254,000 after buying an additional 474 shares during the last quarter. Hedge funds and other institutional investors own 79.32% of the company’s stock.

Twilio Company Profile

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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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