Twilio (NYSE:TWLO) Price Target Raised to $70.00

Twilio (NYSE:TWLO) had its price objective increased by Mizuho from $60.00 to $70.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Mizuho’s price objective suggests a potential downside of 17.47% from the stock’s current price.

A number of other brokerages also recently weighed in on TWLO. Barclays cut their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Needham & Company LLC increased their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday. Jefferies Financial Group boosted their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday. Piper Sandler upped their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Tigress Financial lifted their target price on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two equities research 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’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $79.55.

Twilio Stock Performance

Shares of TWLO opened at $84.82 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio has a 12 month low of $51.90 and a 12 month high of $85.59. The company’s fifty day moving average is $65.80 and its 200-day moving average is $61.12.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted ($0.23) earnings per share. The business’s quarterly revenue was up 4.4% on a year-over-year basis. Analysts predict that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were 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 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 document filed with the Securities & Exchange Commission, which is available at this link. In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the transaction, the chief executive officer now directly owns 267,090 shares in the company, valued at $17,678,687.10. This represents a 0.00 % 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, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were 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 owns 157,328 shares in the company, valued at $9,548,236.32. This represents 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 valued at $3,388,596. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares during the last quarter. Susquehanna Fundamental Investments LLC increased its stake 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 buying an additional 31,227 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Twilio by 9.3% during the first 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 acquiring an additional 17,856 shares during the period. Farmers Trust Co. boosted its holdings in Twilio by 58.1% in the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after acquiring an additional 21,001 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Twilio by 13.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock valued at $10,770,000 after purchasing an additional 21,245 shares during the period. 84.27% of the stock is owned by institutional investors.

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.