Twilio (NYSE:TWLO) Stock Price Expected to Rise, TD Cowen Analyst Says

Twilio (NYSE:TWLO) had its target price lifted by TD Cowen from $70.00 to $85.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

Several other analysts have also recently weighed in on the company. Needham & Company LLC raised their price target on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday. Tigress Financial lifted their target price on shares of Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, August 23rd. Barclays decreased their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. JMP Securities reiterated a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Finally, Mizuho raised their price target on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Twilio has a consensus rating of “Hold” and a consensus price target of $79.55.

Twilio Price Performance

Shares of NYSE:TWLO opened at $84.84 on Thursday. The company has a 50 day moving average of $65.80 and a 200 day moving average of $61.15. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $13.63 billion, a P/E ratio of -33.01, a P/E/G ratio of 4.59 and a beta of 1.32. Twilio has a 12 month low of $51.90 and a 12 month high of $85.59.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for 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 business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. As a group, sell-side analysts forecast that Twilio will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s 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 transaction, the chief executive officer now owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction 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 represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of TWLO. Covestor Ltd grew its holdings in Twilio by 16.7% in the third quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock worth $67,000 after purchasing an additional 148 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Twilio in the 3rd quarter worth approximately $66,000. United Advisor Group LLC bought a new position in Twilio during the 3rd quarter valued at approximately $998,000. Clarity Capital Partners LLC purchased a new position in Twilio during the third quarter valued at $225,000. Finally, QRG Capital Management Inc. purchased a new position in Twilio during the third quarter valued at $294,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.