Twilio (NYSE:TWLO) Sets New 1-Year High Following Analyst Upgrade

Twilio Inc. (NYSE:TWLO)’s share price reached a new 52-week high during mid-day trading on Thursday after Northland Securities raised their price target on the stock from $66.00 to $86.00. Northland Securities currently has a market perform rating on the stock. Twilio traded as high as $81.97 and last traded at $81.13, with a volume of 818594 shares traded. The stock had previously closed at $70.57.

Other research analysts have also recently issued research reports about the stock. UBS Group boosted their price objective on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday. Piper Sandler boosted their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Wells Fargo & Company raised their price objective on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Finally, Tigress Financial increased their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a 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 issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $77.64.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were 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 of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their position. 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 in the last quarter. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently made changes to their positions in the business. United Advisor Group LLC bought a new position in Twilio in the 3rd quarter valued at about $998,000. Clarity Capital Partners LLC bought a new stake in Twilio during the third quarter worth $225,000. QRG Capital Management Inc. bought a new stake in Twilio during the third quarter worth $294,000. Robeco Institutional Asset Management B.V. raised its stake in 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 worth $57,044,000 after acquiring an additional 630,627 shares in the last quarter. Finally, Van ECK Associates Corp boosted its position in Twilio by 6.0% in the third quarter. Van ECK Associates Corp now owns 4,949 shares of the technology company’s stock valued at $349,000 after buying an additional 282 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Stock Up 14.3 %

The stock has a market capitalization of $13.81 billion, a price-to-earnings ratio of -20.11, a price-to-earnings-growth ratio of 4.01 and a beta of 1.35. 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 50 day moving average price of $65.32 and a 200 day moving average price of $60.94.

Twilio (NYSE:TWLO) last released 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 firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.23) earnings per share. As a group, analysts forecast that Twilio Inc. will post 0.54 EPS for the current year.

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.