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

Twilio (NYSE:TWLO) had its target price raised by Stifel Nicolaus from $80.00 to $110.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price points to a potential upside of 3.74% from the stock’s current price.

TWLO has been the subject of several other reports. Piper Sandler boosted their price objective on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Tigress Financial increased their price target on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Needham & Company LLC raised their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Northland Securities upped their price objective on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a report on Thursday, October 31st. Finally, Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price on the stock in a research note on Friday, November 15th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $90.35.

Twilio Trading Up 0.5 %

Shares of NYSE:TWLO opened at $106.03 on Wednesday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $92.92 and its 200 day moving average price is $71.16. The company has a market cap of $16.26 billion, a PE ratio of -41.26, a P/E/G ratio of 3.26 and a beta of 1.38. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $116.43.

Insider Activity

In other news, CEO Khozema Shipchandler sold 11,073 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 transaction of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,174 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the sale, the insider now directly owns 152,563 shares of the company’s stock, valued at approximately $9,919,646.26. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,575 shares of company stock worth $3,863,961 over the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC grew its holdings in shares of Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after acquiring an additional 112 shares in the last quarter. Covestor Ltd boosted its position in Twilio by 16.7% during the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares during the last quarter. Metis Global Partners LLC grew its stake in Twilio by 2.5% in the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after purchasing an additional 182 shares in the last quarter. Arizona State Retirement System increased its position 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 during the last quarter. Finally, US Bancorp DE raised its stake in shares of Twilio by 4.7% during the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock worth $312,000 after purchasing an additional 217 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.