Twilio (NYSE:TWLO) Price Target Raised to $88.00

Twilio (NYSE:TWLO) had its target price boosted by UBS Group from $74.00 to $88.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. UBS Group’s price target indicates a potential upside of 7.82% from the stock’s current price.

Several other research firms have also recently commented on TWLO. JPMorgan Chase & Co. increased their price target on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein raised their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Oppenheimer boosted their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday. Mizuho increased their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research report on Thursday. Finally, Needham & Company LLC boosted their price objective on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $77.64.

Twilio Price Performance

Shares of Twilio stock traded up $11.05 on Thursday, reaching $81.62. The company’s stock had a trading volume of 6,699,151 shares, compared to its average volume of 2,625,287. Twilio has a 52-week low of $49.86 and a 52-week high of $83.30. The company has a market capitalization of $13.97 billion, a P/E ratio of -20.46, a PEG ratio of 4.01 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a 50-day moving average price of $64.88 and a 200-day moving average price of $60.80.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.23) earnings per share. Analysts expect that Twilio will post 0.54 EPS for the current year.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the transaction, the insider now owns 146,803 shares in the company, valued at approximately $10,276,210. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at $10,276,210. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares in the company, valued at $11,318,745.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock worth $3,388,596 in the last ninety days. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently bought and sold shares of the business. J.W. Cole Advisors Inc. raised its position in shares of Twilio by 27.5% during the first quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company’s stock worth $230,000 after acquiring an additional 809 shares during the last quarter. Private Advisor Group LLC increased its holdings in shares of Twilio by 182.3% in the first quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company’s stock worth $2,144,000 after acquiring an additional 22,643 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Twilio during the first quarter worth about $2,031,000. Hussman Strategic Advisors Inc. bought a new stake in Twilio during the 1st quarter worth approximately $770,000. Finally, Greenwood Capital Associates LLC raised its holdings in Twilio by 28.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company’s stock worth $495,000 after buying an additional 1,792 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

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.