The Goldman Sachs Group Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target boosted by The Goldman Sachs Group from $67.00 to $77.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group’s price target would suggest a potential downside of 4.71% from the stock’s previous close.

Several other research firms have also issued reports on TWLO. JMP Securities reaffirmed a “market outperform” rating and issued a $110.00 target price on shares of Twilio in a report on Tuesday, October 8th. Oppenheimer upped their price objective on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday. Barclays lowered their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research note on Monday, August 5th. Tigress Financial boosted their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Morgan Stanley raised their price objective on shares of Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday. 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, the stock presently has a consensus rating of “Hold” and an average price target of $78.64.

Twilio Trading Up 0.2 %

NYSE TWLO opened at $80.81 on Friday. Twilio has a 12 month low of $51.90 and a 12 month high of $83.30. 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 firm has a market capitalization of $12.98 billion, a P/E ratio of -31.44, a PEG ratio of 4.02 and a beta of 1.35. The business has a fifty day simple moving average of $65.32 and a 200 day simple moving average of $60.94.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm posted ($0.23) EPS. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that Twilio will post 0.54 EPS for the current fiscal year.

Insider Activity

In other Twilio news, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were 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 in the company, valued at $9,548,236.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the company’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value of $731,002.36. Following the transaction, the chief executive officer now directly owns 267,090 shares in the company, valued at $17,678,687.10. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. 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 ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after acquiring an additional 140,791 shares in the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Twilio by 78.2% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after purchasing an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Twilio by 9.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after purchasing an additional 17,856 shares during the last quarter. Farmers Trust Co. raised its holdings in shares of Twilio by 58.1% during the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after buying an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Twilio by 13.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock worth $10,770,000 after buying an additional 21,245 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.