Twilio (NYSE:TWLO) Price Target Raised to $80.00

Twilio (NYSE:TWLO) had its price target hoisted by Barclays from $65.00 to $80.00 in a report released on Friday, Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target indicates a potential downside of 5.44% from the stock’s previous close.

Several other analysts also recently weighed in on TWLO. The Goldman Sachs Group upped their price objective on Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein upped their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. TD Cowen upped their price objective on Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Jefferies Financial Group increased their target price on Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday. Two 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. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $79.32.

Twilio Price Performance

Shares of NYSE:TWLO traded up $3.95 during trading on Friday, reaching $84.60. 3,473,136 shares of the company traded hands, compared to its average volume of 2,638,168. The company’s 50 day moving average is $65.32 and its two-hundred day moving average is $60.94. The firm has a market capitalization of $13.59 billion, a PE ratio of -33.03, a PEG ratio of 4.02 and a beta of 1.35. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a 52 week low of $51.90 and a 52 week high of $84.94.

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

Insider Buying and Selling

In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of the firm’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 value of $119,013.09. Following the completion of the sale, the chief financial officer now owns 186,501 shares of the company’s stock, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,512 shares of the firm’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 completion of the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock valued at $3,388,596 over the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of 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% in 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 in the last quarter. Kodai Capital Management LP lifted its holdings in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Twilio by 258.4% in 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 purchasing an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. lifted its holdings in shares of Twilio by 286.3% in the second quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock valued at $40,707,000 after purchasing an additional 531,075 shares in the last quarter. Finally, Goldentree Asset Management LP bought a new position in shares of Twilio in the first quarter valued at approximately $31,745,000. Institutional investors and hedge funds 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.