Twilio (NYSE:TWLO) Price Target Raised to $83.00

Twilio (NYSE:TWLO) had its price objective raised by analysts at JPMorgan Chase & Co. from $78.00 to $83.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. JPMorgan Chase & Co.‘s price objective points to a potential downside of 2.15% from the stock’s previous close.

TWLO has been the subject of several other research reports. Tigress Financial increased their price objective on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their price objective on shares of 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 reissued a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Needham & Company LLC raised their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $79.55.

Twilio Stock Performance

NYSE TWLO opened at $84.82 on Thursday. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The firm’s 50 day simple moving average is $65.80 and its 200 day simple moving average is $61.12. Twilio has a 1 year low of $51.90 and a 1 year high of $85.59.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm’s revenue was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) EPS. On average, equities analysts expect that Twilio will post 0.54 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now directly owns 146,803 shares in the company, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Twilio by 0.8% during the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after buying an additional 140,791 shares during the last quarter. Susquehanna Fundamental Investments LLC lifted its position in shares of Twilio by 78.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after purchasing an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Twilio by 9.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after purchasing an additional 17,856 shares in the last quarter. Farmers Trust Co. lifted its position in shares of Twilio by 58.1% during the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after purchasing an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in shares of Twilio by 13.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock valued at $10,770,000 after purchasing an additional 21,245 shares in the last quarter. 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.