Twilio (NYSE:TWLO) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Twilio (NYSE:TWLO) had its price target upped by equities researchers at Robert W. Baird from $65.00 to $80.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s price objective points to a potential downside of 5.70% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. Sanford C. Bernstein raised their target price on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. UBS Group boosted their price objective on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Finally, Oppenheimer lifted their target price on shares of Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio presently has an average rating of “Hold” and a consensus price target of $79.55.

Twilio Trading Up 5.2 %

Shares of Twilio stock opened at $84.84 on Friday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a twelve month low of $51.90 and a twelve month high of $85.59. The firm has a market capitalization of $13.63 billion, a PE ratio of -33.01, a P/E/G ratio of 4.59 and a beta of 1.32. The firm’s 50-day moving average price is $65.80 and its 200 day moving average price is $61.13.

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

Insider Activity

In other Twilio news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction that occurred on 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 transaction, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction 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 represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 51,906 shares of company stock worth $3,388,596. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in TWLO. Vanguard Group Inc. raised its position in shares of Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares in the last quarter. Susquehanna Fundamental Investments LLC raised its holdings in Twilio by 78.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after purchasing an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Twilio by 9.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after buying an additional 17,856 shares during the last quarter. Farmers Trust Co. boosted its holdings in shares of Twilio by 58.1% in the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after buying an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in shares of Twilio by 13.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock valued at $10,770,000 after buying an additional 21,245 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

About Twilio

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.