Twilio (NYSE:TWLO) Reaches New 12-Month High After Analyst Upgrade

Twilio Inc. (NYSE:TWLO)’s share price hit a new 52-week high during trading on Thursday after Morgan Stanley raised their price target on the stock from $70.00 to $77.00. Morgan Stanley currently has an equal weight rating on the stock. Twilio traded as high as $81.97 and last traded at $81.13, with a volume of 818594 shares. The stock had previously closed at $70.57.

Other analysts also recently issued research reports about the company. Piper Sandler lifted their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Needham & Company LLC lifted their price target on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein boosted their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Tigress Financial boosted their price objective on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Finally, Barclays cut their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $73.76.

Insider Buying and Selling

In other news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction 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 transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Twilio news, insider Dana Wagner sold 591 shares of the 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 sale, the insider now owns 156,737 shares in the company, valued at approximately $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 accessible through the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock worth $3,388,596 in the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TWLO. SouthState Corp grew its position in shares of Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio during the second quarter valued at about $29,000. GAMMA Investing LLC grew its position in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory purchased a new position in shares of Twilio during the second quarter valued at about $45,000. Finally, HHM Wealth Advisors LLC grew its position in shares of Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after purchasing an additional 260 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Trading Up 15.6 %

The stock has a market cap of $13.97 billion, a PE ratio of -20.35, a price-to-earnings-growth ratio of 4.01 and a beta of 1.35. The stock has a 50-day moving average price of $64.88 and a two-hundred day moving average price of $60.80. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter last year, the firm earned ($0.23) EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts forecast that Twilio Inc. will post 0.54 earnings per share for the current fiscal year.

About Twilio

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.