Twilio (NYSE:TWLO) Rating Increased to Strong-Buy at Baird R W

Baird R W upgraded shares of Twilio (NYSE:TWLO) from a hold rating to a strong-buy rating in a research report released on Friday,Zacks.com reports.

Several other brokerages have also recently issued reports on TWLO. Mizuho increased their target price on shares of Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday. Stifel Nicolaus upped their target price on Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a report on Friday. Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 price target on shares of Twilio in a report on Tuesday. Northland Securities raised their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a research report on Thursday, October 31st. Finally, Tigress Financial lifted their target price on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $110.96.

Twilio Trading Up 19.9 %

Shares of TWLO opened at $135.98 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38. The company has a 50-day moving average of $108.41 and a 200 day moving average of $80.68. Twilio has a 1-year low of $52.51 and a 1-year high of $141.40.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Institutional investors have recently modified their holdings of the business. Optas LLC purchased a new position in Twilio during the fourth quarter worth approximately $200,000. SkyOak Wealth LLC purchased a new position in shares of Twilio during the 4th quarter valued at approximately $317,000. SYM FINANCIAL Corp acquired a new stake in Twilio in the 4th quarter valued at $259,000. Chicago Partners Investment Group LLC purchased a new stake in Twilio in the 4th quarter worth $288,000. Finally, Austin Private Wealth LLC acquired a new position in Twilio during the fourth quarter worth $356,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.