Twilio (NYSE:TWLO) PT Raised to $65.00 at Wells Fargo & Company

Twilio (NYSE:TWLO) had its price target raised by analysts at Wells Fargo & Company from $60.00 to $65.00 in a research report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price target points to a potential upside of 3.82% from the stock’s current price.

A number of other equities analysts also recently commented on TWLO. Sanford C. Bernstein dropped their target price on shares of Twilio from $70.00 to $68.00 and set a “market perform” rating on the stock in a research note on Wednesday, May 8th. Robert W. Baird reduced their price target on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Morgan Stanley downgraded Twilio from an “overweight” rating to an “equal weight” rating and decreased their price target for the stock from $70.00 to $60.00 in a report on Friday, June 14th. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Sunday, July 28th. Finally, Tigress Financial began coverage on Twilio in a research report on Friday, June 28th. They issued a “buy” rating and a $75.00 price target on the stock. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Twilio currently has an average rating of “Hold” and a consensus target price of $69.90.

Twilio Trading Up 11.3 %

Shares of Twilio stock traded up $6.34 during trading on Friday, reaching $62.61. 6,637,108 shares of the stock were exchanged, compared to its average volume of 2,896,500. The company has a quick ratio of 6.55, a current ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio has a 1 year low of $49.86 and a 1 year high of $78.16. The stock’s fifty day moving average is $57.00 and its 200 day moving average is $61.01. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of -15.61, a price-to-earnings-growth ratio of 8.26 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.15. The company had revenue of $1.05 billion during the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. As a group, equities research analysts expect that Twilio will post 0.22 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 796 shares of Twilio stock in a transaction on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $49,105.24. Following the sale, the insider now owns 164,374 shares in the company, valued at $10,140,232.06. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CFO Aidan Viggiano sold 956 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total value of $58,975.64. Following the completion of the sale, the chief financial officer now directly owns 228,506 shares of the company’s stock, valued at approximately $14,096,535.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Dana Wagner sold 796 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $61.69, for a total transaction of $49,105.24. Following the sale, the insider now directly owns 164,374 shares of the company’s stock, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders have sold 66,967 shares of company stock valued at $3,796,221 over the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Trading of Twilio

A number of institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. acquired a new position in Twilio in the fourth quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Twilio in the 2nd quarter valued at $29,000. Activest Wealth Management lifted its stake in shares of Twilio by 327.9% in the 1st quarter. Activest Wealth Management now owns 522 shares of the technology company’s stock valued at $32,000 after purchasing an additional 400 shares during the last quarter. Westend Capital Management LLC acquired a new position in shares of Twilio in the 1st quarter valued at $35,000. Finally, GAMMA Investing LLC lifted its stake in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. 84.27% of the stock is currently owned by 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.