Twilio (NYSE:TWLO) Stock Rating Upgraded by Mizuho

Twilio (NYSE:TWLO) was upgraded by analysts at Mizuho from a “neutral” rating to an “outperform” rating in a note issued to investors on Wednesday, MarketBeat Ratings reports. The brokerage presently has a $140.00 price objective on the technology company’s stock, up from their prior price objective of $85.00. Mizuho’s target price would indicate a potential upside of 26.27% from the company’s previous close.

A number of other equities analysts also recently weighed in on TWLO. Northland Securities boosted their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research note on Thursday, October 31st. Stifel Nicolaus upped their price objective on Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their target price on Twilio from $77.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Needham & Company LLC increased their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $93.61.

Twilio Stock Up 1.0 %

TWLO opened at $110.87 on Wednesday. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $116.43. The firm has a market capitalization of $17.01 billion, a P/E ratio of -43.14, a PEG ratio of 3.26 and a beta of 1.38. The company’s 50-day moving average is $104.58 and its 200 day moving average is $76.84. 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 Buying and Selling at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the transaction, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of Twilio stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last three months. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its stake in Twilio by 21.0% in the second quarter. Victory Capital Management Inc. now owns 27,431 shares of the technology company’s stock worth $1,558,000 after buying an additional 4,753 shares in the last quarter. Private Advisor Group LLC grew its holdings in shares of Twilio by 8.7% during the 2nd quarter. Private Advisor Group LLC now owns 38,105 shares of the technology company’s stock valued at $2,165,000 after purchasing an additional 3,040 shares during the last quarter. Savant Capital LLC bought a new stake in Twilio in the second quarter worth $1,316,000. Acadian Asset Management LLC boosted its position in Twilio by 543.2% during the second quarter. Acadian Asset Management LLC now owns 43,554 shares of the technology company’s stock valued at $2,470,000 after buying an additional 36,783 shares during the period. Finally, Quest Partners LLC grew its stake in shares of Twilio by 482.6% during the second quarter. Quest Partners LLC now owns 20,017 shares of the technology company’s stock valued at $1,137,000 after buying an additional 16,581 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other 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.