Needham & Company LLC Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its target price increased by investment analysts at Needham & Company LLC from $91.00 to $165.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 12.77% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. Baird R W upgraded shares of Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. Mizuho increased their price target on Twilio from $140.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. William Blair reaffirmed an “outperform” rating on shares of Twilio in a research note on Friday, January 24th. Northland Securities lifted their price objective on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Finally, Oppenheimer upped their price target on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Stock Performance

Shares of NYSE TWLO opened at $146.32 on Tuesday. Twilio has a one year low of $52.51 and a one year high of $148.37. The firm has a market cap of $22.44 billion, a price-to-earnings ratio of -56.93, a P/E/G ratio of 2.22 and a beta of 1.38. The stock’s fifty day moving average price is $111.06 and its two-hundred day moving average price is $82.78. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,629 shares of the stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total transaction of $509,190.00. Following the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the sale, 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 have sold 22,015 shares of company stock valued at $2,483,695 in the last 90 days. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently made changes to their positions in the company. GHP Investment Advisors Inc. grew its stake in Twilio by 10.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after acquiring an additional 104 shares in the last quarter. Tidal Investments LLC boosted 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 worth $1,152,000 after purchasing an additional 112 shares during the last quarter. Covestor Ltd grew its position in shares of Twilio by 16.7% in 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 in the last quarter. GAMMA Investing LLC increased its holdings in shares of Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after purchasing an additional 170 shares during the last quarter. Finally, Metis Global Partners LLC lifted its position in Twilio by 2.5% during the third quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after buying an additional 182 shares in the last quarter. Institutional investors and hedge funds 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.