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

Twilio (NYSE:TWLO) had its price target increased by equities researchers at UBS Group from $74.00 to $88.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. UBS Group’s price target would indicate a potential upside of 7.82% from the stock’s current price.

Several other equities research analysts also recently issued reports on the stock. Tigress Financial raised their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Morgan Stanley lifted their price target on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday. Barclays decreased their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Sanford C. Bernstein lifted their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Finally, JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Two equities 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. According to MarketBeat.com, Twilio presently has a consensus rating of “Hold” and an average target price of $77.64.

Twilio Stock Performance

Twilio stock traded up $11.05 during midday trading on Thursday, reaching $81.62. 6,699,151 shares of the company’s stock were exchanged, compared to its average volume of 2,625,287. Twilio has a 52 week low of $49.86 and a 52 week high of $83.30. The stock’s 50-day simple moving average is $64.88 and its 200 day simple moving average is $60.80. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The firm has a market cap of $13.97 billion, a price-to-earnings ratio of -20.46, a P/E/G ratio of 4.01 and a beta of 1.35.

Twilio (NYSE:TWLO) last posted its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted ($0.23) EPS. Twilio’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts expect that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Dana Wagner sold 4,512 shares of the 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 transaction, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction dated 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 transaction, 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 disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock valued at $3,388,596 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Twilio by 736.9% during 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 acquiring an additional 1,006,391 shares during the last quarter. Kodai Capital Management LP increased its position 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 valued at $113,098,000 after purchasing an additional 761,356 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake 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 worth $57,044,000 after purchasing an additional 630,627 shares during the period. Panagora Asset Management Inc. boosted its holdings 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 worth $40,707,000 after buying an additional 531,075 shares during the last quarter. Finally, Goldentree Asset Management LP bought a new position in Twilio during the first quarter valued at about $31,745,000. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.