Twilio (NYSE:TWLO - Get Free Report) had its price target raised by equities research analysts at Oppenheimer from $65.00 to $85.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an "outperform" rating on the technology company's stock. Oppenheimer's price objective suggests a potential upside of 20.33% from the stock's current price.
A number of other research analysts have also recently weighed in on TWLO. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a report on Friday, September 13th. 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 research note on Friday, August 23rd. Sanford C. Bernstein increased their price objective on Twilio from $68.00 to $70.00 and gave the company a "market perform" rating in a research note on Tuesday, August 27th. JMP Securities reissued a "market outperform" rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Finally, Piper Sandler reaffirmed an "overweight" rating and issued a $83.00 price target (up previously from $77.00) on shares of Twilio in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and ten have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $71.00.
Check Out Our Latest Research Report on Twilio
Twilio Trading Up 0.1 %
Shares of TWLO stock traded up $0.07 during trading hours on Tuesday, hitting $70.64. The company had a trading volume of 1,084,133 shares, compared to its average volume of 2,620,541. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The stock has a market capitalization of $11.34 billion, a PE ratio of -21.47, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. The company's fifty day moving average is $63.67 and its 200 day moving average is $60.40. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $78.16.
Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping analysts' consensus estimates 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 negative return on equity of 0.22% and a negative net margin of 14.02%. The firm's revenue was up 4.4% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.23) earnings per share. Research analysts expect that Twilio will post 0.54 earnings per share for the current fiscal year.
Insider Activity
In other news, CFO Aidan Viggiano sold 1,961 shares of the 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 $119,013.09. Following the completion of the transaction, the chief financial officer now directly owns 186,501 shares of the company's stock, valued at approximately $11,318,745.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Dana Wagner sold 591 shares of the firm's stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction 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 transaction, the chief financial officer now directly owns 186,501 shares of the company's stock, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock valued at $3,388,596 over the last quarter. Corporate insiders own 4.50% of the company's stock.
Hedge Funds Weigh In On Twilio
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its stake in shares of Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company's stock worth $63,915,000 after purchasing an additional 1,006,391 shares in the last quarter. Kodai Capital Management LP increased its position in Twilio by 70.0% during the first 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 in the last quarter. Panagora Asset Management Inc. raised 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 worth $40,707,000 after acquiring an additional 531,075 shares during the last quarter. Goldentree Asset Management LP purchased a new stake in shares of Twilio in the first quarter valued at $31,745,000. Finally, Allspring Global Investments Holdings LLC boosted its stake in shares of Twilio by 50,490.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company's stock valued at $26,066,000 after acquiring an additional 398,872 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company's stock.
About Twilio
(
Get Free Report)
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.
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