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

Twilio (NYSE:TWLO) had its price target lifted by Oppenheimer from $85.00 to $90.00 in a report released on Thursday, Benzinga reports. Oppenheimer currently has an outperform rating on the technology company’s stock.

A number of other brokerages have also issued reports on TWLO. Sanford C. Bernstein boosted their price target on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Tigress Financial boosted their target price on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. JPMorgan Chase & Co. raised their price target on Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a report on Thursday. Barclays dropped their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Finally, Wells Fargo & Company raised their target price on Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $79.55.

Twilio Stock Performance

Shares of TWLO stock opened at $84.84 on Thursday. The stock’s 50-day moving average price is $65.80 and its 200 day moving average price is $61.13. 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 stock has a market capitalization of $13.63 billion, a PE ratio of -33.01, a price-to-earnings-growth ratio of 4.59 and a beta of 1.32. Twilio has a 52-week low of $51.90 and a 52-week high of $85.59.

Twilio (NYSE:TWLO) last released its earnings results 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. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The business had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the company posted ($0.23) earnings per share. The company’s revenue for the quarter was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Twilio will post 0.54 EPS for the current year.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the sale, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Dana Wagner sold 591 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares in the company, valued at approximately $9,540,581.19. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction 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 disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in Twilio by 0.8% during 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 buying an additional 140,791 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Twilio by 11.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after acquiring an additional 224,040 shares during the period. Kodai Capital Management LP raised its holdings in Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Twilio by 30.4% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the period. 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.