Twilio (NYSE:TWLO) Given New $90.00 Price Target at Oppenheimer

Twilio (NYSE:TWLO) had its target price lifted by research analysts at Oppenheimer from $85.00 to $90.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price target would suggest a potential upside of 9.76% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. Morgan Stanley upped their price objective on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday. Wells Fargo & Company increased their price objective on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Jefferies Financial Group increased their price objective on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday. Finally, JPMorgan Chase & Co. increased their price objective on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $76.09.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $11.43 during midday trading on Thursday, reaching $82.00. 6,253,907 shares of the company traded hands, compared to its average volume of 2,623,176. 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 has a 12 month low of $49.86 and a 12 month high of $83.30. The firm has a market capitalization of $14.04 billion, a price-to-earnings ratio of -20.43, a price-to-earnings-growth ratio of 4.01 and a beta of 1.35. The firm’s fifty day moving average price is $64.88 and its two-hundred day moving average price is $60.80.

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 analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.23) EPS. On average, equities analysts expect that Twilio will post 0.54 earnings per share for the current year.

Insider Transactions at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % 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 6,701 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the transaction, the chief financial officer now owns 177,869 shares of the company’s stock, valued at $11,566,821.07. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock worth $3,388,596 over the last 90 days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after acquiring an additional 140,791 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 31,227 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Twilio by 9.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after buying an additional 17,856 shares during the period. Farmers Trust Co. increased its stake in 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 during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in 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 period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.