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

Twilio (NYSE:TWLO) had its target price increased by Jefferies Financial Group from $105.00 to $145.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 15.62% from the stock’s previous close.

A number of other research firms also recently weighed in on TWLO. Stifel Nicolaus boosted their target price on Twilio from $110.00 to $130.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Royal Bank of Canada restated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st. JPMorgan Chase & Co. boosted their target price on Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a research report on Friday, January 24th. Needham & Company LLC boosted their target price on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group boosted their target price on Twilio from $140.00 to $145.00 and gave the stock a “buy” rating in a research report on Friday, January 24th. One investment analyst has 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. According to data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and an average price target of $130.91.

Twilio Stock Performance

Shares of TWLO opened at $125.41 on Friday. The company has a market cap of $19.23 billion, a PE ratio of -48.80, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a 50-day moving average price of $121.20 and a 200-day moving average price of $90.21. Twilio has a 12-month low of $52.51 and a 12-month high of $151.95.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.19 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. As a group, equities analysts forecast that Twilio will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock valued at $2,483,695 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds have recently added to or reduced their stakes in the stock. JFS Wealth Advisors LLC boosted its holdings in Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 266 shares in the last quarter. Parkside Financial Bank & Trust boosted its holdings in Twilio by 79.4% in the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after acquiring an additional 166 shares in the last quarter. Centricity Wealth Management LLC bought a new stake in Twilio in the fourth quarter worth $44,000. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock worth $28,000 after acquiring an additional 416 shares in the last quarter. Finally, Private Trust Co. NA boosted its holdings in Twilio by 395.6% in the fourth quarter. Private Trust Co. NA now owns 451 shares of the technology company’s stock worth $49,000 after acquiring an additional 360 shares in the last quarter. 84.27% of the stock is owned by 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.