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

Twilio (NYSE:TWLO - Free Report) had its price target upped by Wells Fargo & Company from $120.00 to $140.00 in a research report released on Thursday,Benzinga reports. They currently have an overweight rating on the technology company's stock.

Other equities research analysts have also issued reports about the company. Oppenheimer raised their price target on Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. JPMorgan Chase & Co. upped their price target on shares of Twilio from $78.00 to $83.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Tigress Financial lifted their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. StockNews.com upgraded shares of Twilio from a "hold" rating to a "buy" rating in a research note on Friday, September 13th. Finally, Robert W. Baird lifted their price target on shares of Twilio from $65.00 to $80.00 and gave the company a "neutral" rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have assigned a buy rating to the company's stock. According to MarketBeat, Twilio has a consensus rating of "Hold" and an average price target of $91.22.

Twilio Trading Up 0.9 %

Shares of TWLO stock traded up $0.99 during trading hours on Thursday, reaching $109.07. 1,335,306 shares of the stock were exchanged, compared to its average volume of 2,689,245. The firm has a market capitalization of $16.73 billion, a price-to-earnings ratio of -42.44, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. Twilio has a 12-month low of $52.51 and a 12-month high of $116.43. The company's 50-day moving average price is $100.70 and its 200-day moving average price is $74.83. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders sold 13,653 shares of company stock worth $1,185,990. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SouthState Corp boosted its holdings in shares of Twilio by 159.1% in the 2nd quarter. SouthState Corp now owns 500 shares of the technology company's stock valued at $28,000 after acquiring an additional 307 shares during the last quarter. True Wealth Design LLC boosted its holdings in Twilio by 5,200.0% in the third quarter. True Wealth Design LLC now owns 424 shares of the technology company's stock valued at $28,000 after purchasing an additional 416 shares during the last quarter. Brooklyn Investment Group acquired a new stake in Twilio during the 3rd quarter worth about $46,000. Venturi Wealth Management LLC raised its stake in shares of Twilio by 205.4% during the 3rd quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company's stock valued at $48,000 after buying an additional 493 shares during the last quarter. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company's stock valued at $49,000 after buying an additional 260 shares during the period. 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.