Jefferies Financial Group Raises Twilio (NYSE:TWLO) Price Target to $85.00

Twilio (NYSE:TWLO) had its price target hoisted by research analysts at Jefferies Financial Group from $60.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price would suggest a potential upside of 0.21% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. increased their target price on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Morgan Stanley increased their target price on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday. Wells Fargo & Company boosted their price target on Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Oppenheimer increased their price objective on Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $79.55.

Twilio Trading Up 5.2 %

NYSE:TWLO opened at $84.82 on Thursday. Twilio has a 1-year low of $51.90 and a 1-year high of $85.59. 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 business has a 50 day moving average of $65.80 and a 200 day moving average of $61.12.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.23) EPS. As a group, research analysts anticipate that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s 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 sale, the insider now directly owns 146,803 shares in the company, valued at $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 is available through this hyperlink. In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,931 shares of Twilio stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares in the company, valued at $11,382,431.90. 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 90 days, insiders have sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. SouthState Corp increased its stake in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new position in Twilio in the 2nd quarter worth $29,000. GAMMA Investing LLC increased its stake in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares in the last quarter. Lynx Investment Advisory bought a new stake in Twilio during the second quarter valued at about $45,000. Finally, HHM Wealth Advisors LLC raised its holdings in Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after acquiring an additional 260 shares during the period. 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.