Twilio Inc. (NYSE:TWLO) Receives $70.52 Consensus Target Price from Analysts

Shares of Twilio Inc. (NYSE:TWLO) have earned an average rating of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $70.52.

A number of equities research analysts recently issued reports on TWLO shares. JMP Securities reissued a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Wells Fargo & Company increased their target price on shares of Twilio from $60.00 to $65.00 and gave the stock an “equal weight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Tigress Financial increased their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Finally, Sanford C. Bernstein lifted their target price on Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th.

Twilio Price Performance

Shares of TWLO opened at $70.85 on Friday. The stock has a market cap of $11.38 billion, a P/E ratio of -21.53, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. Twilio has a 1 year low of $49.86 and a 1 year high of $78.16. The stock’s 50-day moving average price is $63.26 and its two-hundred day moving average price is $60.25. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

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

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 6,701 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $435,766.03. Following the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at $11,566,821.07. The trade was 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. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of TWLO. Vanguard Group Inc. grew its stake in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Susquehanna Fundamental Investments LLC grew its position in shares of Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after buying an additional 31,227 shares during the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Twilio by 9.3% in 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 buying an additional 17,856 shares during the period. Farmers Trust Co. raised 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 worth $3,727,000 after acquiring an additional 21,001 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co raised 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 worth $10,770,000 after acquiring an additional 21,245 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.