Twilio (NYSE:TWLO) Upgraded to Outperform at Mizuho

Twilio (NYSE:TWLO) was upgraded by equities research analysts at Mizuho from a “neutral” rating to an “outperform” rating in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a $140.00 target price on the technology company’s stock, up from their previous target price of $85.00. Mizuho’s price objective points to a potential upside of 27.57% from the company’s current price.

Several other equities research analysts also recently weighed in on TWLO. Tigress Financial increased their target price on shares of Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Oppenheimer lifted their price objective on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. Stifel Nicolaus raised their target price on shares of Twilio from $80.00 to $110.00 and gave the stock a “hold” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler boosted their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $93.61.

Twilio Stock Performance

Shares of Twilio stock opened at $109.74 on Wednesday. The firm’s fifty day simple moving average is $103.17 and its 200-day simple moving average is $76.36. Twilio has a 12 month low of $52.51 and a 12 month high of $116.43. The stock has a market capitalization of $16.83 billion, a price-to-earnings ratio of -42.70, a PEG ratio of 3.26 and a beta of 1.38. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several hedge funds and other institutional investors have recently bought and sold shares of the company. True Wealth Design LLC lifted its position in Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after buying an additional 416 shares during the period. Brooklyn Investment Group acquired a new position in shares of Twilio during the 3rd quarter valued at about $46,000. Venturi Wealth Management LLC boosted its position in shares of Twilio by 205.4% in the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock worth $48,000 after acquiring an additional 493 shares during the last quarter. HHM Wealth Advisors LLC grew 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 valued at $49,000 after purchasing an additional 260 shares during the period. Finally, Huntington National Bank increased its position in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock worth $51,000 after purchasing an additional 532 shares during the last quarter. 84.27% of the stock is owned by hedge funds and other 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.