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

Twilio (NYSE:TWLO) had its price target increased by equities research analysts at Scotiabank from $90.00 to $160.00 in a report released on Friday,Benzinga reports. The firm currently has a “sector outperform” rating on the technology company’s stock. Scotiabank’s target price points to a potential upside of 17.67% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on the stock. The Goldman Sachs Group upped their target price on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Piper Sandler restated an “overweight” rating and issued a $142.00 price target (up from $94.00) on shares of Twilio in a research note on Friday. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $115.00 to $160.00 in a report on Friday. Tigress Financial upped their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company lifted their price target on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $110.96.

Twilio Price Performance

NYSE:TWLO opened at $135.98 on Friday. Twilio has a 52-week low of $52.51 and a 52-week high of $141.40. The company has a market cap of $20.86 billion, a P/E ratio of -52.91, a P/E/G ratio of 2.22 and a beta of 1.38. 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 Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now directly owns 142,291 shares in the company, valued at $11,383,280. This represents a 3.07 % 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 10,834 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Institutional investors have recently bought and sold shares of the company. Optas LLC bought a new position in shares of Twilio during the 4th quarter worth approximately $200,000. SkyOak Wealth LLC bought a new position in Twilio during the fourth quarter worth $317,000. SYM FINANCIAL Corp acquired a new stake in Twilio in the fourth quarter worth $259,000. Chicago Partners Investment Group LLC acquired a new stake in Twilio in the fourth quarter worth $288,000. Finally, Austin Private Wealth LLC bought a new stake in Twilio in the fourth quarter valued at $356,000. 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.