Twilio (NYSE:TWLO) Price Target Raised to $88.00

Twilio (NYSE:TWLO) had its price target upped by UBS Group from $74.00 to $88.00 in a research report report published on Thursday, Benzinga reports. UBS Group currently has a buy rating on the technology company’s stock.

A number of other research firms have also weighed in on TWLO. TD Cowen upped their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a report on Friday, September 13th. Wells Fargo & Company raised their price target on Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Mizuho boosted their price objective on Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Barclays cut their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $79.55.

Twilio Trading Up 5.2 %

TWLO opened at $84.84 on Thursday. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a 52 week low of $51.90 and a 52 week high of $85.59. The stock has a market cap of $13.63 billion, a PE ratio of -33.01, a PEG ratio of 4.59 and a beta of 1.32. The business has a 50 day moving average of $65.80 and a 200-day moving average of $61.13.

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

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the sale, the insider now directly owns 146,803 shares in the company, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 51,906 shares of company stock worth $3,388,596. Corporate insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Hedge funds have recently modified their holdings of the company. Covestor Ltd increased its position in Twilio by 16.7% during the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after purchasing an additional 148 shares during the period. Capital Performance Advisors LLP acquired a new stake in shares of Twilio during the third quarter worth $66,000. United Advisor Group LLC bought a new position in Twilio during the third quarter worth $998,000. Clarity Capital Partners LLC acquired a new position in Twilio in the third quarter valued at $225,000. Finally, QRG Capital Management Inc. bought a new stake in Twilio during the third quarter valued at $294,000. Institutional investors and hedge funds 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.