Twilio (NYSE:TWLO) Stock Price Expected to Rise, TD Cowen Analyst Says

Twilio (NYSE:TWLO) had its price objective hoisted by TD Cowen from $70.00 to $85.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective suggests a potential upside of 3.66% from the company’s previous close.

Other analysts have also issued research reports about the stock. Tigress Financial raised their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Morgan Stanley raised their price target on shares of Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday. Barclays lowered their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wells Fargo & Company boosted their price target on shares of Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $76.09.

Twilio Price Performance

TWLO stock traded up $11.43 during midday trading on Thursday, reaching $82.00. 6,253,907 shares of the company’s stock 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. The company has a market cap of $14.04 billion, a price-to-earnings ratio of -20.43, a PEG ratio of 4.01 and a beta of 1.35. The company has a 50-day simple moving average of $64.88 and a two-hundred day simple moving average of $60.80. Twilio has a 1-year low of $49.86 and a 1-year high of $83.30.

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

Insider Activity at Twilio

In related news, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. This represents 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. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $119,013.09. Following the sale, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,906 shares of company stock valued at $3,388,596. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently bought and sold shares of the company. SouthState Corp increased its position in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Twilio in the 2nd quarter worth approximately $29,000. GAMMA Investing LLC increased its stake in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the period. Lynx Investment Advisory purchased a new stake in Twilio in the second quarter worth $45,000. Finally, HHM Wealth Advisors LLC boosted its holdings in Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after acquiring an additional 260 shares in the last quarter. 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.