Twilio Inc. (NYSE:TWLO) Receives $130.91 Consensus Target Price from Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have earned a consensus recommendation of “Moderate Buy” from the twenty-five analysts that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $130.91.

A number of research analysts recently commented on TWLO shares. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and lifted their target price for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Needham & Company LLC lifted their target price on Twilio from $91.00 to $165.00 and gave the company a “buy” rating in a research report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Finally, Royal Bank of Canada reiterated an “underperform” rating and issued a $50.00 target price on shares of Twilio in a research report on Tuesday, January 21st.

Twilio Stock Down 3.3 %

Shares of NYSE TWLO opened at $114.16 on Thursday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95. The stock has a market capitalization of $17.51 billion, a P/E ratio of -178.37, a PEG ratio of 4.30 and a beta of 1.43. The stock’s fifty day moving average is $122.09 and its 200 day moving average is $92.34.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Sell-side analysts forecast that Twilio will post 1.44 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,391 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now directly owns 152,519 shares in the company, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock valued at $2,656,889 over the last ninety days. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently modified their holdings of the business. FMR LLC boosted its holdings in shares of Twilio by 0.8% during the 3rd quarter. FMR LLC now owns 9,206,488 shares of the technology company’s stock worth $600,447,000 after buying an additional 77,436 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after buying an additional 2,864,235 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares in the last quarter. Jericho Capital Asset Management L.P. bought a new position in shares of Twilio during the 4th quarter worth approximately $301,258,000. Finally, Geode Capital Management LLC boosted its holdings in shares of Twilio by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock worth $177,622,000 after buying an additional 33,824 shares in the last quarter. 84.27% of the stock is currently owned by institutional investors.

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.