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

Twilio (NYSE:TWLO) had its target price increased by investment analysts at Oppenheimer from $90.00 to $160.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective suggests a potential upside of 15.46% from the company’s previous close.

Other research analysts have also issued research reports about the stock. Jefferies Financial Group raised their price target on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Barclays lifted their price objective on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Tigress Financial lifted their price target on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. boosted their target price on shares of Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $115.00 to $160.00 in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $106.30.

Twilio Trading Up 22.2 %

TWLO stock traded up $25.17 on Friday, hitting $138.57. 10,533,875 shares of the company were exchanged, compared to its average volume of 2,750,085. 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 stock has a market capitalization of $21.25 billion, a price-to-earnings ratio of -53.92, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The business’s fifty day moving average is $108.41 and its two-hundred day moving average is $80.68. Twilio has a twelve month low of $52.51 and a twelve month high of $141.40.

Insider Activity

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total transaction of $743,979.60. Following the transaction, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently made changes to their positions in the business. Ritholtz Wealth Management bought a new stake in shares of Twilio in the fourth quarter valued at approximately $344,000. KBC Group NV raised its holdings in Twilio by 67.4% in the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Twilio in the 3rd quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC increased its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the period. Finally, Affinity Investment Advisors LLC acquired a new position in shares of Twilio in the third quarter valued at $434,000. 84.27% of the stock is currently 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.