Twilio (NYSE:TWLO) Upgraded by Mizuho to "Outperform" Rating

Twilio (NYSE:TWLO - Get Free Report) was upgraded by equities researchers at Mizuho from a "neutral" rating to an "outperform" rating in a report released on Wednesday, MarketBeat Ratings reports. The firm currently has a $140.00 target price on the technology company's stock, up from their previous target price of $85.00. Mizuho's target price points to a potential upside of 26.27% from the stock's previous close.

Several other brokerages also recently commented on TWLO. Oppenheimer boosted their target price on Twilio from $85.00 to $90.00 and gave the stock an "outperform" rating in a research note on Thursday, October 31st. Tigress Financial increased their price objective on shares of Twilio from $85.00 to $135.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. The Goldman Sachs Group upped their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a "neutral" rating in a report on Friday, November 1st. Jefferies Financial Group raised their price objective on Twilio from $60.00 to $85.00 and gave the company a "hold" rating in a report on Thursday, October 31st. Finally, Monness Crespi & Hardt raised Twilio from a "neutral" rating to a "buy" rating and set a $135.00 target price for the company in a report on Friday, November 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $93.61.

Twilio Price Performance

Twilio stock traded up $1.05 during trading hours on Wednesday, reaching $110.87. 2,740,951 shares of the stock were exchanged, compared to its average volume of 1,928,617. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a twelve month low of $52.51 and a twelve month high of $116.43. The company has a market cap of $17.01 billion, a P/E ratio of -43.14, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38. The stock has a 50 day moving average of $103.97 and a two-hundred day moving average of $76.60.

Insider Activity

In related news, insider Dana Wagner sold 4,512 shares of the company's stock in a transaction on Thursday, October 31st. The stock was 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 owns 142,291 shares in the company, valued at approximately $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the firm's stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock worth $2,844,655 over the last quarter. 4.50% of the stock is currently owned by corporate insiders.

Institutional Trading of Twilio

Several institutional investors and hedge funds have recently made changes to their positions in the company. CWA Asset Management Group LLC purchased a new stake in Twilio in the 4th quarter valued at about $3,382,000. Everence Capital Management Inc. bought a new stake in Twilio during the fourth quarter worth $467,000. GAMMA Investing LLC boosted its position in Twilio by 25.0% in the fourth quarter. GAMMA Investing LLC now owns 849 shares of the technology company's stock worth $92,000 after purchasing an additional 170 shares during the last quarter. Versant Capital Management Inc grew its stake in Twilio by 71.0% in the 4th quarter. Versant Capital Management Inc now owns 1,166 shares of the technology company's stock valued at $126,000 after purchasing an additional 484 shares during the period. Finally, American Trust bought a new stake in shares of Twilio during the 3rd quarter worth $224,000. 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.