Twilio (NYSE:TWLO) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Twilio (NYSE:TWLO - Get Free Report) had its price target hoisted by stock analysts at Wells Fargo & Company from $75.00 to $80.00 in a note issued to investors on Friday, Benzinga reports. The brokerage currently has an "equal weight" rating on the technology company's stock. Wells Fargo & Company's target price would suggest a potential downside of 5.68% from the stock's previous close.

Several other brokerages also recently issued reports on TWLO. JPMorgan Chase & Co. increased their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an "overweight" rating in a research report on Thursday. Northland Securities lifted their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a "market perform" rating in a research note on Thursday. Robert W. Baird upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research report on Friday. JMP Securities restated a "market outperform" rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Finally, Mizuho lifted their price objective on Twilio from $60.00 to $70.00 and gave the stock a "neutral" rating in a report on Thursday. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $79.55.

Twilio Trading Up 5.2 %

Shares of TWLO stock traded up $4.17 on Friday, reaching $84.82. 6,731,374 shares of the stock were exchanged, compared to its average volume of 2,653,527. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $13.62 billion, a P/E ratio of -33.00, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35. The firm has a 50 day moving average of $65.80 and a two-hundred day moving average of $61.12. Twilio has a 1-year low of $51.90 and a 1-year high of $85.59.

Twilio (NYSE:TWLO - Get Free Report) last announced its quarterly 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. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm had revenue of $1.08 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the company posted ($0.23) earnings per share. Twilio's revenue was up 4.4% compared to the same quarter last year. On average, research analysts anticipate that Twilio will post 0.54 EPS for the current year.

Insider Activity at Twilio

In related news, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred 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 directly owns 156,737 shares of the company's stock, valued at $9,540,581.19. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the business's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the sale, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Dana Wagner sold 591 shares of the stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now owns 156,737 shares of the company's stock, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 in the last ninety days. 4.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors have recently added to or reduced their stakes in TWLO. Capital Performance Advisors LLP acquired a new position in Twilio during the third quarter worth about $66,000. United Advisor Group LLC bought a new position in shares of Twilio during the 3rd quarter valued at about $998,000. Clarity Capital Partners LLC acquired a new position in shares of Twilio in the 3rd quarter worth approximately $225,000. QRG Capital Management Inc. bought a new stake in shares of Twilio in the 3rd quarter worth approximately $294,000. Finally, Robeco Institutional Asset Management B.V. lifted its stake in Twilio by 258.4% during 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 during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.