Twilio (NYSE:TWLO) Price Target Raised to $91.00

Twilio (NYSE:TWLO) had its price objective hoisted by Needham & Company LLC from $71.00 to $91.00 in a research report released on Thursday morning, Benzinga reports. The firm currently has a buy rating on the technology company’s stock.

Several other equities analysts have also recently issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. JPMorgan Chase & Co. boosted their price target on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Wells Fargo & Company raised their price objective on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Oppenheimer boosted their target price on Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Barclays cut their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, Twilio presently has an average rating of “Hold” and a consensus target price of $79.55.

Twilio Stock Up 5.2 %

Twilio stock opened at $84.84 on Thursday. 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 has a fifty-two week low of $51.90 and a fifty-two week high of $85.59. The stock has a 50-day simple moving average of $65.80 and a 200-day simple moving average of $61.13. The company has a market capitalization of $13.63 billion, a P/E ratio of -33.01, a PEG ratio of 4.59 and a beta of 1.32.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Equities research analysts expect that Twilio will post 0.54 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CFO Aidan Viggiano sold 1,961 shares of the 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 directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction dated 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 of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by insiders.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. Covestor Ltd boosted its holdings in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after purchasing an additional 166 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Twilio by 3.6% during the 1st quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after purchasing an additional 201 shares during the period. Arizona State Retirement System increased its position in Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares in the last quarter. Finally, US Bancorp DE raised its holdings in Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares during the period. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.