Needham & Company LLC Increases Twilio (NYSE:TWLO) Price Target to $91.00

Twilio (NYSE:TWLO) had its price objective hoisted by investment analysts at Needham & Company LLC from $71.00 to $91.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 12.08% from the company’s previous close.

A number of other research analysts have also weighed in on the company. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Oppenheimer increased their price target on Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. JMP Securities reissued a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Barclays dropped their price objective 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, Piper Sandler upped their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.76.

Twilio Trading Up 15.0 %

Shares of Twilio stock opened at $81.19 on Thursday. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $81.97. The firm has a market cap of $13.90 billion, a PE ratio of -20.32, a P/E/G ratio of 4.01 and a beta of 1.35. The business’s fifty day moving average is $64.88 and its two-hundred day moving average is $60.80. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company posted ($0.23) EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Analysts anticipate that Twilio will post 0.54 earnings per share for the current year.

Insider Activity at Twilio

In other news, CFO Aidan Viggiano sold 1,961 shares of the firm’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 completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents 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 at this hyperlink. In other news, insider Dana Wagner sold 1,989 shares of the firm’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 $120,712.41. Following the completion of the sale, the insider now directly owns 157,328 shares in the company, valued at $9,548,236.32. This trade represents 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 at this hyperlink. Also, 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 $11,318,745.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 51,906 shares of company stock worth $3,388,596. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently bought and sold shares of TWLO. J.W. Cole Advisors Inc. grew its stake in Twilio by 27.5% in the first quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company’s stock worth $230,000 after purchasing an additional 809 shares in the last quarter. Private Advisor Group LLC grew its stake in Twilio by 182.3% in the first quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company’s stock worth $2,144,000 after purchasing an additional 22,643 shares in the last quarter. Capstone Investment Advisors LLC acquired a new position in Twilio in the first quarter valued at approximately $2,031,000. Hussman Strategic Advisors Inc. acquired a new position in Twilio in the first quarter valued at approximately $770,000. Finally, Greenwood Capital Associates LLC boosted its stake in Twilio by 28.5% in the first quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company’s stock valued at $495,000 after acquiring an additional 1,792 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.