Analysts Set Twilio Inc. (NYSE:TWLO) Target Price at $79.55

Twilio Inc. (NYSE:TWLO) has received an average recommendation of “Hold” from the twenty-two research firms that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and nine have given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $81.36.

Several equities analysts have recently commented on the stock. Robert W. Baird boosted their target price on shares of Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Jefferies Financial Group upped their target price on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Tigress Financial lifted their price target on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Oppenheimer upped their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, Mizuho lifted their target price on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st.

Insider Activity

In other Twilio news, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. This represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. This trade represents a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 52,468 shares of company stock valued at $3,509,830. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of institutional investors and hedge funds have recently modified their holdings of the business. True Wealth Design LLC lifted its position in shares of Twilio by 5,200.0% during the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after acquiring an additional 416 shares during the period. SouthState Corp raised its holdings in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Twilio during the 2nd quarter worth about $29,000. GAMMA Investing LLC grew its stake in shares of Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after buying an additional 264 shares during the period. Finally, Brooklyn Investment Group bought a new stake in Twilio in the 3rd quarter valued at about $46,000. 84.27% of the stock is currently owned by institutional investors.

Twilio Stock Down 2.7 %

Shares of NYSE TWLO opened at $97.13 on Tuesday. The stock has a market capitalization of $14.90 billion, a P/E ratio of -38.86, a PEG ratio of 2.79 and a beta of 1.32. The stock’s fifty day moving average is $70.76 and its 200 day moving average is $62.99. Twilio has a 52 week low of $52.51 and a 52 week high of $101.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06.

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.