Twilio (NYSE:TWLO) Price Target Raised to $70.00 at Mizuho

Twilio (NYSE:TWLO) had its target price increased by equities research analysts at Mizuho from $60.00 to $70.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Mizuho’s price target would suggest a potential downside of 12.58% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Wells Fargo & Company boosted their target price on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Jefferies Financial Group raised their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Piper Sandler lifted their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Oppenheimer raised their price objective on shares of Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.73.

Twilio Stock Up 13.5 %

NYSE:TWLO traded up $9.50 on Thursday, hitting $80.07. 3,386,507 shares of the company’s stock were exchanged, compared to its average volume of 2,609,587. The firm has a 50-day moving average price of $64.88 and a 200-day moving average price of $60.80. Twilio has a 52 week low of $49.86 and a 52 week high of $83.28. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The company has a market cap of $13.71 billion, a P/E ratio of -20.25, a price-to-earnings-growth ratio of 4.01 and a beta of 1.35.

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

Insider Buying and Selling

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 transaction, 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 Securities & Exchange Commission, which is available at this link. In other news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the transaction, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were 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 in the company, valued at $11,382,431.90. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 51,906 shares of company stock valued at $3,388,596. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. AQR Capital Management LLC lifted its holdings in shares of Twilio by 736.9% during the second 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 last quarter. Kodai Capital Management LP increased its position in Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after acquiring an additional 531,075 shares in the last quarter. Finally, Goldentree Asset Management LP purchased a new stake in shares of Twilio in the first quarter worth $31,745,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.