Morgan Stanley Increases Twilio (NYSE:TWLO) Price Target to $77.00

Twilio (NYSE:TWLO) had its price target raised by research analysts at Morgan Stanley from $70.00 to $77.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective suggests a potential downside of 9.22% from the stock’s current price.

Several other equities research analysts also recently weighed in on TWLO. Tigress Financial raised their target price on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Sanford C. Bernstein raised their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Piper Sandler increased their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays lowered their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, Wells Fargo & Company upped their price objective on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Twilio presently has a consensus rating of “Hold” and a consensus target price of $79.55.

Twilio Price Performance

Shares of NYSE TWLO opened at $84.82 on Thursday. Twilio has a 1-year low of $51.90 and a 1-year high of $85.59. The business has a fifty day moving average price of $65.80 and a 200 day moving average price of $61.12. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

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

Insider Activity

In related news, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 591 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Trading of Twilio

A number of hedge funds have recently bought and sold shares of TWLO. SouthState Corp increased its holdings in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC boosted its position in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares during the period. Lynx Investment Advisory purchased a new stake in Twilio in the second quarter valued at approximately $45,000. Finally, HHM Wealth Advisors LLC lifted its stake in Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after purchasing an additional 260 shares in the last quarter. Institutional investors and hedge funds 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.