Twilio (NYSE:TWLO) Price Target Raised to $140.00

Twilio (NYSE:TWLO) had its price target hoisted by Barclays from $120.00 to $140.00 in a research report released on Friday,Benzinga reports. Barclays currently has an equal weight rating on the technology company’s stock.

A number of other brokerages also recently issued reports on TWLO. UBS Group lifted their price target on Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday, January 24th. Mizuho lifted their price target on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday, January 24th. William Blair reiterated an “outperform” rating on shares of Twilio in a report on Friday. Monness Crespi & Hardt raised their price objective on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Finally, Morgan Stanley raised their price objective on Twilio from $115.00 to $118.00 and gave the stock an “equal weight” rating in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.91.

Twilio Trading Down 14.9 %

TWLO opened at $125.41 on Friday. The stock’s fifty day moving average is $121.20 and its two-hundred day moving average is $90.42. The company has a market capitalization of $19.23 billion, a P/E ratio of -48.80, a PEG ratio of 3.60 and a beta of 1.43. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO) last announced its quarterly 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 negative net margin of 10.65% and a positive return on equity of 0.85%. The company had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.19 billion. Analysts forecast that Twilio will post 0.88 earnings per share for the current year.

Insider Activity

In other news, CEO Khozema Shipchandler sold 10,834 shares of the business’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock valued at $2,483,695 in the last quarter. 4.50% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Twilio

Institutional investors and hedge funds have recently modified their holdings of the business. Ritholtz Wealth Management purchased a new position in shares of Twilio in the 4th quarter valued at about $344,000. KBC Group NV increased 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 in the last quarter. Bleakley Financial Group LLC purchased a new position in shares of Twilio in the 4th quarter valued at about $230,000. Zacks Investment Management purchased a new position in shares of Twilio in the 3rd quarter valued at about $3,386,000. Finally, Wealth Enhancement Advisory Services LLC increased 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 in the last quarter. Hedge funds and other institutional investors 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.