Twilio (NYSE:TWLO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Twilio (NYSE:TWLO) had its target price raised by Morgan Stanley from $70.00 to $77.00 in a report released on Thursday, Benzinga reports. They currently have an equal weight rating on the technology company’s stock.

Other research analysts have also issued reports about the company. Wells Fargo & Company raised their price target on Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Piper Sandler increased their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Oppenheimer upped their target price on Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, Twilio has an average rating of “Hold” and an average target price of $78.64.

Twilio Stock Performance

TWLO traded up $2.59 during trading hours on Thursday, hitting $83.24. 1,293,041 shares of the stock were exchanged, compared to its average volume of 2,627,884. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio has a 12 month low of $51.90 and a 12 month high of $83.58. The stock has a 50-day simple moving average of $65.32 and a 200-day simple moving average of $60.94. The stock has a market cap of $13.37 billion, a price-to-earnings ratio of -31.44, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35.

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

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Khozema Shipchandler sold 11,073 shares of the 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 completion of the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently made changes to their positions in the company. Tidal Investments LLC grew its holdings in Twilio by 2.3% in the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after buying an additional 166 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. increased its position in Twilio by 3.6% during the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after acquiring an additional 201 shares during the period. Arizona State Retirement System raised its stake in Twilio by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after purchasing an additional 205 shares in the last quarter. US Bancorp DE boosted its holdings in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after purchasing an additional 217 shares during the period. Finally, Royal London Asset Management Ltd. grew its position in shares of Twilio by 0.4% during the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after purchasing an additional 220 shares in the last quarter. Institutional investors own 84.27% of the company’s stock.

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.