Twilio (NYSE:TWLO) Price Target Raised to $70.00

Twilio (NYSE:TWLO) had its target price increased by Mizuho from $60.00 to $70.00 in a report released on Thursday morning, Benzinga reports. Mizuho currently has a neutral rating on the technology company’s stock.

A number of other analysts have also commented on the company. Piper Sandler boosted their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group increased their price target on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday. Needham & Company LLC lifted their price objective on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. upped their target price on shares of Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, Tigress Financial raised their price target on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Two equities 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 stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $79.55.

Twilio Price Performance

Shares of TWLO opened at $84.84 on Thursday. The business’s fifty day moving average is $65.80 and its 200 day moving average is $61.13. Twilio has a 12-month low of $51.90 and a 12-month high of $85.59. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $13.63 billion, a P/E ratio of -33.01, a P/E/G ratio of 4.59 and a beta of 1.32.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period last year, the company earned ($0.23) earnings per share. The business’s revenue was up 4.4% on a year-over-year basis. Sell-side analysts anticipate that Twilio will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the sale, the insider now owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. 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. In related news, CEO Khozema Shipchandler sold 11,044 shares of Twilio stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the sale, the chief executive officer now directly owns 267,090 shares in the company, valued at $17,678,687.10. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Dana Wagner sold 1,989 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 transaction of $120,712.41. Following the sale, the insider now owns 157,328 shares in the company, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 over the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of TWLO. AQR Capital Management LLC increased its holdings in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP raised its position in shares of Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. boosted its position in shares of 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 purchasing an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP purchased a new position in Twilio in the 1st quarter worth about $31,745,000. 84.27% of the stock is owned by institutional investors and hedge funds.

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.