Mizuho Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price objective upped by investment analysts at Mizuho from $140.00 to $150.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective indicates a potential upside of 8.27% from the stock’s current price.

A number of other research firms have also weighed in on TWLO. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research note on Friday. Northland Securities increased their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. William Blair reaffirmed an “outperform” rating on shares of Twilio in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a report on Friday. Finally, Needham & Company LLC increased their price objective on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $108.83.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $25.15 during midday trading on Friday, reaching $138.55. The company’s stock had a trading volume of 12,601,497 shares, compared to its average volume of 2,918,907. The firm has a market capitalization of $21.25 billion, a PE ratio of -54.09, a P/E/G ratio of 2.22 and a beta of 1.38. Twilio has a twelve month low of $52.51 and a twelve month high of $141.40. The stock has a fifty day moving average of $108.41 and a 200 day moving average of $80.68. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at Twilio

In related news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock worth $2,844,655 over the last three months. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TWLO. AQR Capital Management LLC lifted its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after acquiring an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after acquiring an additional 398,872 shares during the last quarter. Finally, KBC Group NV lifted its stake in Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock worth $30,389,000 after acquiring an additional 258,469 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.