Twilio (NYSE:TWLO) Price Target Raised to $91.00

Twilio (NYSE:TWLO) had its price target boosted by Needham & Company LLC from $71.00 to $91.00 in a report published on Thursday, Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research analysts have also issued reports on the company. Oppenheimer lifted their target price on Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Barclays dropped their target price 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. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Finally, Sanford C. Bernstein raised their price objective 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 equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $79.55.

Twilio Price Performance

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

Twilio (NYSE:TWLO) last issued its quarterly 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 company 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 firm’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period last year, the firm earned ($0.23) EPS. As a group, equities research analysts forecast that Twilio will post 0.54 EPS for the current fiscal year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Twilio 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 transaction of $315,840.00. Following the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated 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 owns 278,134 shares in the company, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 51,906 shares of company stock valued at $3,388,596. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC grew its holdings in 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 boosted its holdings in shares of Twilio by 70.0% during the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock worth $113,098,000 after buying an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. grew its stake in Twilio by 258.4% in the 3rd 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. raised its holdings in Twilio by 286.3% in the 2nd 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 during the period. Finally, Goldentree Asset Management LP acquired a new position in Twilio during the 1st quarter worth $31,745,000. Institutional investors and hedge funds 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.