Twilio (NYSE:TWLO – Get Free Report) had its target price boosted by equities research analysts at Morgan Stanley from $70.00 to $77.00 in a research report issued on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target would suggest a potential downside of 5.16% from the stock’s current price.
Other analysts have also issued reports about the stock. Needham & Company LLC upped their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. Sanford C. Bernstein raised their price objective on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Tigress Financial raised their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Oppenheimer raised their price objective on Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. 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 company’s stock. Based on data from MarketBeat, Twilio has a consensus rating of “Hold” and a consensus price target of $73.76.
Read Our Latest Report on Twilio
Twilio Stock Up 15.0 %
Twilio (NYSE:TWLO – Get Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the previous year, the business earned ($0.23) earnings per share. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, research analysts anticipate that Twilio will post 0.54 EPS for the current fiscal year.
Insiders Place Their Bets
In other Twilio news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. In other Twilio news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction dated 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 sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares of the company’s stock, valued at $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock worth $3,388,596 over the last three months. Company insiders own 4.50% of the company’s stock.
Hedge Funds Weigh In On Twilio
Several large investors have recently made changes to their positions in the business. United Advisor Group LLC purchased a new position in shares of Twilio during the third quarter valued at approximately $998,000. Clarity Capital Partners LLC purchased a new position in shares of Twilio during the third quarter valued at approximately $225,000. QRG Capital Management Inc. purchased a new position in Twilio in the 3rd quarter worth approximately $294,000. Robeco Institutional Asset Management B.V. raised its holdings in Twilio by 258.4% in the 3rd 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. Finally, Van ECK Associates Corp raised its holdings in Twilio by 6.0% in the 3rd quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company’s stock worth $349,000 after acquiring an additional 282 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.
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.
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