Twilio (NYSE:TWLO) Price Target Raised to $77.00 at The Goldman Sachs Group

Twilio (NYSE:TWLO) had its price target increased by The Goldman Sachs Group from $67.00 to $77.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a neutral rating on the technology company’s stock.

Several other brokerages have also commented on TWLO. Tigress Financial increased their price objective on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a report on Friday, August 23rd. Mizuho raised their target price on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday. UBS Group raised their target price on Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research note on Thursday. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Wells Fargo & Company raised their target price on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $79.55.

Twilio Stock Performance

NYSE TWLO traded up $4.19 during midday trading on Friday, hitting $84.84. 6,734,191 shares of the company traded hands, compared to its average volume of 2,036,454. 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 company’s 50-day simple moving average is $65.80 and its 200-day simple moving average is $61.12. Twilio has a 52 week low of $51.90 and a 52 week high of $85.59.

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

Insiders Place Their Bets

In other news, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the sale, the insider now owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now owns 157,328 shares in the company, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently modified their holdings of the business. Covestor Ltd raised its position in shares of Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after buying an additional 148 shares during the last quarter. Tidal Investments LLC raised its position in shares of Twilio by 2.3% in the first quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after buying an additional 166 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. raised its position in shares of Twilio by 3.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock valued at $355,000 after buying an additional 201 shares during the last quarter. Arizona State Retirement System raised its position in shares of Twilio by 0.4% in the second quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock valued at $2,699,000 after buying an additional 205 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Twilio by 4.7% in the third quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares during the last quarter. 84.27% of the stock is currently 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.