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

Twilio (NYSE:TWLO) had its target price boosted by analysts at Mizuho from $140.00 to $150.00 in a report released on Friday,Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Mizuho’s price target points to a potential upside of 10.31% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. Wells Fargo & Company upped their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research note on Friday, November 15th. The Goldman Sachs Group boosted their target price on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Stifel Nicolaus increased their price target on shares of Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday. Finally, Tigress Financial lifted 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Up 19.9 %

Shares of NYSE TWLO opened at $135.98 on Friday. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 1 year low of $52.51 and a 1 year high of $141.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The stock’s 50-day simple moving average is $109.20 and its 200-day simple moving average is $81.22.

Insider Buying and Selling

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,527 shares of company stock valued at $2,844,655 in the last three months. 4.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Twilio

Hedge funds have recently modified their holdings of the company. Sei Investments Co. grew its stake in shares of Twilio by 5.2% in the 2nd quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after purchasing an additional 929 shares during the last quarter. Evergreen Capital Management LLC acquired a new position in Twilio in the second quarter worth approximately $337,000. Xponance Inc. grew its position in Twilio by 3.3% in the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock worth $991,000 after buying an additional 561 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings in shares of Twilio by 62.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock valued at $1,883,000 after buying an additional 12,761 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of Twilio during the 2nd quarter valued at $87,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.