Twilio (NYSE:TWLO) Price Target Raised to $75.00 at Wells Fargo & Company

Twilio (NYSE:TWLO) had its target price raised by Wells Fargo & Company from $65.00 to $75.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an equal weight rating on the technology company’s stock.

Several other research firms have also issued reports on TWLO. Oppenheimer upped their price target on Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday. Barclays dropped their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Sanford C. Bernstein increased their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Piper Sandler reaffirmed an “overweight” rating and set a $83.00 target price (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. Finally, StockNews.com raised Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $71.48.

Twilio Stock Performance

NYSE:TWLO opened at $70.47 on Friday. The company has a fifty day moving average of $64.08 and a two-hundred day moving average of $60.54. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The stock has a market capitalization of $12.06 billion, a PE ratio of -17.58, a P/E/G ratio of 4.02 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.23) EPS. As a group, research analysts forecast that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares in the company, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Dana Wagner sold 4,512 shares of the stock in a transaction dated 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 directly owns 146,803 shares in the company, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by insiders.

Institutional Trading of Twilio

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after acquiring an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Twilio by 9.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after acquiring an additional 17,856 shares in the last quarter. Farmers Trust Co. boosted its holdings in Twilio by 58.1% in the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock worth $3,727,000 after acquiring an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Twilio by 13.7% during the first quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock worth $10,770,000 after buying an additional 21,245 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.