JPMorgan Chase & Co. Boosts Twilio (NYSE:TWLO) Price Target to $83.00

Twilio (NYSE:TWLO) had its price objective increased by JPMorgan Chase & Co. from $78.00 to $83.00 in a research note released on Thursday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Barclays decreased their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Wells Fargo & Company raised their price target on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Piper Sandler boosted their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Sanford C. Bernstein increased their target price on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Two investment 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. According to MarketBeat.com, Twilio currently has an average rating of “Hold” and an average price target of $79.55.

Twilio Stock Performance

Shares of Twilio stock opened at $84.84 on Thursday. The firm has a market cap of $13.63 billion, a PE ratio of -33.01, a price-to-earnings-growth ratio of 4.59 and a beta of 1.32. Twilio has a 1 year low of $51.90 and a 1 year high of $85.59. The firm’s 50-day simple moving average is $65.80 and its 200-day simple moving average is $61.13. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

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

Insider Activity

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other 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 owns 278,134 shares in the company, 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 Securities & Exchange Commission, which is available at this link. Also, insider Dana Wagner sold 1,989 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 transaction of $120,712.41. Following the sale, the insider now owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. 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 90 days. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of 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 during the last quarter. Susquehanna Fundamental Investments LLC increased its holdings in shares of Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after purchasing an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in Twilio by 9.3% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock worth $14,051,000 after purchasing an additional 17,856 shares during the last quarter. Farmers Trust Co. boosted its position in Twilio by 58.1% in 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 during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted 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 valued at $10,770,000 after buying an additional 21,245 shares during the last quarter. 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.