TD Cowen Increases Twilio (NYSE:TWLO) Price Target to $85.00

Twilio (NYSE:TWLO) had its price target upped by TD Cowen from $70.00 to $85.00 in a report released on Thursday morning, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

A number of other research analysts have also recently issued reports on TWLO. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Tigress Financial upped their price objective on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Sanford C. Bernstein raised their price target on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. Piper Sandler boosted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Jefferies Financial Group lifted their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $78.64.

Twilio Price Performance

NYSE:TWLO traded up $2.59 during trading hours on Thursday, reaching $83.24. The company had a trading volume of 1,293,041 shares, compared to its average volume of 2,627,884. The firm has a market capitalization of $13.37 billion, a PE ratio of -31.44, a PEG ratio of 4.02 and a beta of 1.35. The stock has a 50-day moving average of $65.32 and a two-hundred day moving average of $60.94. Twilio has a one year low of $51.90 and a one year high of $83.58. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted ($0.23) EPS. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts forecast that Twilio will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the sale, the chief financial officer now directly owns 184,570 shares in the company, valued at approximately $11,382,431.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at $10,276,210. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock worth $3,388,596 over the last ninety days. 4.50% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Twilio

A number of large investors have recently added to or reduced their stakes in TWLO. Capital Performance Advisors LLP bought a new position in Twilio during the 3rd quarter worth $66,000. United Advisor Group LLC acquired a new position in shares of Twilio in the 3rd quarter valued at approximately $998,000. Clarity Capital Partners LLC acquired a new stake in shares of Twilio during the 3rd quarter worth approximately $225,000. QRG Capital Management Inc. acquired a new stake in shares of Twilio in the 3rd quarter valued at $294,000. Finally, Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

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.