Twilio (NYSE:TWLO) Stock Rating Upgraded by Baird R W

Twilio (NYSE:TWLO) was upgraded by equities researchers at Baird R W from a “hold” rating to a “strong-buy” rating in a report issued on Friday,Zacks.com reports.

A number of other analysts have also recently commented on the stock. Royal Bank of Canada restated an “underperform” rating and set a $50.00 price target on shares of Twilio in a research note on Tuesday, January 21st. Robert W. Baird raised Twilio from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $115.00 to $160.00 in a report on Friday. Piper Sandler reiterated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday. Tigress Financial raised their target price on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, JPMorgan Chase & Co. upped their price target on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Twilio has a consensus rating of “Moderate Buy” and an average price target of $110.96.

Twilio Price Performance

Shares of NYSE:TWLO opened at $135.98 on Friday. The company has a market capitalization of $20.86 billion, a P/E ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company’s 50-day moving average is $109.20 and its 200 day moving average is $81.22. 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 fifty-two week low of $52.51 and a fifty-two week high of $141.40.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 4,629 shares of the firm’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total transaction of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company’s stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now owns 153,910 shares in the company, valued at approximately $17,476,480.50. This represents 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 90 days. Corporate 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 company. Tidal Investments LLC raised its holdings in Twilio by 0.6% in the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the period. Covestor Ltd raised its stake in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after buying an additional 148 shares during the period. GAMMA Investing LLC lifted its position in shares of Twilio by 25.0% during the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock valued at $92,000 after buying an additional 170 shares in the last quarter. Metis Global Partners LLC grew its stake in shares of Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock valued at $478,000 after acquiring an additional 182 shares during the period. Finally, Carolina Wealth Advisors LLC increased its holdings in Twilio by 2.4% in the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock worth $976,000 after acquiring an additional 208 shares in the last quarter. 84.27% of the stock is currently owned by hedge funds and other 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.