Monness Crespi & Hardt Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price target hoisted by equities research analysts at Monness Crespi & Hardt from $135.00 to $152.00 in a research report issued on Monday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the technology company’s stock. Monness Crespi & Hardt’s price target points to a potential upside of 11.78% from the company’s previous close.

Several other research firms also recently weighed in on TWLO. TD Cowen increased their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $115.00 to $160.00 in a research note on Friday. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley upped their price objective on Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research note on Friday, January 17th. Finally, Wells Fargo & Company lifted their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $116.17.

Twilio Stock Performance

Shares of TWLO opened at $135.98 on Monday. The company has a market capitalization of $20.86 billion, a price-to-earnings ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. Twilio has a 52-week low of $52.51 and a 52-week high of $141.40. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50 day moving average price of $109.20 and a 200 day moving average price of $81.40.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in TWLO. E. Ohman J or Asset Management AB boosted its holdings in Twilio by 10.4% in the fourth quarter. E. Ohman J or Asset Management AB now owns 7,400 shares of the technology company’s stock worth $800,000 after purchasing an additional 700 shares during the period. Optas LLC bought a new stake in shares of Twilio during the fourth quarter valued at approximately $200,000. SkyOak Wealth LLC acquired a new stake in Twilio in the 4th quarter valued at approximately $317,000. SYM FINANCIAL Corp bought a new stake in Twilio during the 4th quarter valued at $259,000. Finally, Chicago Partners Investment Group LLC acquired a new position in Twilio during the 4th quarter worth $288,000. 84.27% of the stock is 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.