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

Twilio (NYSE:TWLO) had its price target hoisted by equities research analysts at Jefferies Financial Group from $60.00 to $85.00 in a report released on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 0.21% from the stock’s current price.

Other analysts also recently issued reports about the stock. Tigress Financial boosted 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. Wells Fargo & Company raised their price objective on Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. JPMorgan Chase & Co. upped their price target on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, Piper Sandler increased their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Two research 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 target price of $79.55.

Twilio Stock Performance

Shares of TWLO stock opened at $84.82 on Thursday. The company’s fifty day simple moving average is $65.80 and its two-hundred day simple moving average is $61.12. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a 52 week low of $51.90 and a 52 week high of $85.59.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. Twilio’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period last year, the firm posted ($0.23) earnings per share. As a group, research analysts predict that Twilio will post 0.54 EPS for the current year.

Insider Activity at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $119,013.09. Following the completion of the transaction, the chief financial officer now owns 186,501 shares of the company’s stock, valued at $11,318,745.69. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’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 sale, the insider now directly owns 146,803 shares in the company, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently modified their holdings of TWLO. AQR Capital Management LLC raised its holdings in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after purchasing an additional 1,006,391 shares during the period. Kodai Capital Management LP raised its stake in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. grew its stake in Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after acquiring an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP purchased a new stake in Twilio in the 1st quarter worth $31,745,000. 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.