Tigress Financial Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its target price lifted by analysts at Tigress Financial from $85.00 to $135.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Tigress Financial’s price target would indicate a potential upside of 29.05% from the stock’s previous close.

Several other research analysts have also recently weighed in on the company. Needham & Company LLC raised their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Barclays lifted their target price on shares of Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company raised shares of Twilio from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $80.00 to $120.00 in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, Twilio currently has an average rating of “Hold” and a consensus target price of $85.87.

Twilio Stock Performance

Shares of TWLO opened at $104.61 on Wednesday. The firm has a 50-day moving average price of $78.11 and a 200 day moving average price of $65.48. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $16.05 billion, a PE ratio of -40.70, a P/E/G ratio of 3.05 and a beta of 1.32. Twilio has a 52-week low of $52.51 and a 52-week high of $108.44.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 6,701 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $435,766.03. Following the completion of the sale, the chief financial officer now owns 177,869 shares in the company, valued at $11,566,821.07. This trade represents a 3.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. This trade represents a 3.07 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 49,946 shares of company stock worth $3,354,771 in the last 90 days. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. AQR Capital Management LLC raised its holdings in shares of Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after buying an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its stake in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after acquiring an additional 531,075 shares during the last quarter. Goldentree Asset Management LP acquired a new position in shares of Twilio during the first quarter worth approximately $31,745,000. Finally, Pacer Advisors Inc. grew its stake in shares of Twilio by 18.3% during the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after purchasing an additional 444,295 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

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.