UBS Group Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target increased by equities researchers at UBS Group from $74.00 to $88.00 in a report released on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 3.75% from the stock’s previous close.

Several other research firms have also weighed in on TWLO. TD Cowen boosted their price objective on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday. Piper Sandler upped their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays reduced their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. JPMorgan Chase & Co. increased their price target on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $79.55.

Twilio Stock Performance

Shares of NYSE 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. The stock has a 50 day moving average price of $65.80 and a 200 day moving average price of $61.12. The stock has a market capitalization of $13.62 billion, a PE ratio of -33.00, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35. Twilio has a 52 week low of $51.90 and a 52 week high of $85.59.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating 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 business had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the business earned ($0.23) earnings per share. The firm’s 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 related news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares in the company, valued at approximately $11,382,431.90. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Covestor Ltd boosted its stake in shares of Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares in the last quarter. Tidal Investments LLC grew its stake in shares of Twilio by 2.3% during the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock worth $446,000 after buying an additional 166 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. increased its holdings in shares of Twilio by 3.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after buying an additional 201 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after acquiring an additional 205 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in shares of Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after acquiring an additional 217 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.