Twilio (NYSE:TWLO) Price Target Raised to $135.00

Twilio (NYSE:TWLO) had its price objective raised by Stifel Nicolaus from $130.00 to $135.00 in a research report report published on Friday,Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

A number of other research firms have also commented on TWLO. JMP Securities restated a “market outperform” rating and set a $165.00 price target on shares of Twilio in a research report on Friday. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price target on shares of Twilio in a research report on Tuesday, January 21st. Scotiabank increased their price target on Twilio from $90.00 to $160.00 and gave the stock a “sector outperform” rating in a research report on Friday, January 24th. Oppenheimer increased their price target on Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. Finally, Needham & Company LLC increased their price target on Twilio from $91.00 to $165.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Twilio has a consensus rating of “Moderate Buy” and a consensus target price of $130.91.

Twilio Trading Down 14.9 %

Shares of TWLO opened at $125.41 on Friday. Twilio has a 1 year low of $52.51 and a 1 year high of $151.95. 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 simple moving average of $121.20 and a 200-day simple moving average of $90.42. The stock has a market cap of $19.23 billion, a PE ratio of -48.80, a PEG ratio of 3.60 and a beta of 1.43.

Twilio (NYSE:TWLO) last issued its 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). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. On average, sell-side analysts predict that Twilio will post 0.88 EPS for the current fiscal year.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction 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 sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. This trade represents a 3.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the firm’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 sale, the chief financial officer now directly owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 22,015 shares of company stock worth $2,483,695 in the last three months. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several hedge funds have recently added to or reduced their stakes in TWLO. Ritholtz Wealth Management acquired a new stake in shares of Twilio in the 4th quarter valued at about $344,000. KBC Group NV raised its stake in shares of Twilio by 67.4% in 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 period. Bleakley Financial Group LLC acquired a new stake in shares of Twilio in the 4th quarter valued at about $230,000. Zacks Investment Management acquired a new stake in shares of Twilio in the 3rd quarter valued at about $3,386,000. Finally, Wealth Enhancement Advisory Services LLC raised its stake in shares of Twilio by 167.1% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the period. Institutional investors and hedge funds 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.