Oppenheimer Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price objective raised by Oppenheimer from $85.00 to $90.00 in a research report report published on Thursday morning, Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Jefferies Financial Group upped their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. Morgan Stanley boosted their price target on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research note on Thursday. Tigress Financial boosted 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. Finally, Sanford C. Bernstein upped their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Two 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $78.64.

Twilio Stock Up 3.2 %

Twilio stock traded up $2.59 during midday trading on Thursday, hitting $83.24. 1,293,041 shares of the company’s stock were exchanged, compared to its average volume of 2,627,884. Twilio has a 12 month low of $51.90 and a 12 month high of $83.58. 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 company has a market cap of $13.37 billion, a PE ratio of -31.44, a P/E/G ratio of 4.02 and a beta of 1.35. The firm has a 50-day moving average of $65.32 and a two-hundred day moving average of $60.94.

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

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred 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 directly owns 146,803 shares in the company, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the transaction, the chief executive officer now owns 267,090 shares of the company’s stock, valued at $17,678,687.10. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on 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 transaction, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock worth $3,388,596 over the last quarter. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SouthState Corp increased its holdings in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the period. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio during the second quarter worth about $29,000. GAMMA Investing LLC increased its stake in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after buying an additional 264 shares during the period. Lynx Investment Advisory acquired a new stake in Twilio in the second quarter valued at approximately $45,000. Finally, HHM Wealth Advisors LLC lifted its stake in Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after acquiring an additional 260 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other 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.