UBS Group Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price target raised by analysts at UBS Group from $140.00 to $145.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s target price would suggest a potential upside of 6.63% from the stock’s current price.

A number of other equities analysts also recently commented on the company. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Robert W. Baird raised shares of Twilio from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $115.00 to $160.00 in a research report on Friday. Morgan Stanley boosted their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. Piper Sandler increased their price target on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, Monness Crespi & Hardt raised Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price objective on the stock in a research report on Friday, November 15th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Trading Up 19.9 %

TWLO opened at $135.98 on Friday. Twilio has a one year low of $52.51 and a one year high of $141.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The business has a 50 day simple moving average of $109.20 and a two-hundred day simple moving average of $81.22. The firm has a market capitalization of $20.86 billion, a price-to-earnings ratio of -52.91, a PEG ratio of 2.22 and a beta of 1.38.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on 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 owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This represents a 4.08 % 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 over the last 90 days. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several large investors have recently modified their holdings of the company. Ritholtz Wealth Management bought a new position in Twilio in the fourth quarter valued at about $344,000. KBC Group NV increased its position in shares of Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Zacks Investment Management bought a new position in shares of Twilio in the 3rd quarter worth approximately $3,386,000. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after buying an additional 9,141 shares during the last quarter. Finally, Affinity Investment Advisors LLC bought a new stake in Twilio during the third quarter valued at approximately $434,000. Institutional investors own 84.27% of the company’s stock.

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.