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

Twilio (NYSE:TWLO) had its price target hoisted by equities research analysts at Mizuho from $70.00 to $85.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Mizuho’s price target suggests a potential downside of 24.77% from the company’s previous close.

TWLO has been the topic of several other reports. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday, November 15th. Robert W. Baird raised their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. TD Cowen raised their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Finally, Barclays upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $86.52.

Twilio Price Performance

Shares of NYSE:TWLO opened at $112.98 on Friday. The stock’s 50-day moving average price is $89.77 and its 200-day moving average price is $69.84. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 12-month low of $52.51 and a 12-month high of $116.43.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 6,701 shares of Twilio 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 completion of the sale, the chief financial officer now owns 177,869 shares of the company’s stock, valued at approximately $11,566,821.07. This trade represents a 3.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,575 shares of company stock worth $3,863,961. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. American Trust bought a new position in shares of Twilio during the 3rd quarter valued at $224,000. Franklin Resources Inc. lifted its holdings in Twilio by 2,412.9% in the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock valued at $14,341,000 after acquiring an additional 193,971 shares during the period. Tidal Investments LLC boosted its position in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of Twilio by 22.9% during the 3rd quarter. Toronto Dominion Bank now owns 20,787 shares of the technology company’s stock valued at $1,356,000 after purchasing an additional 3,877 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares during 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.