Twilio (NYSE:TWLO) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Twilio (NYSE:TWLO) had its price target lifted by investment analysts at Jefferies Financial Group from $60.00 to $85.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s target price points to a potential upside of 6.16% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Sanford C. Bernstein boosted their price target on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Tigress Financial lifted their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Barclays cut their price objective 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. Finally, JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $74.73.

Twilio Stock Performance

Shares of NYSE:TWLO traded up $9.50 during trading hours on Thursday, hitting $80.07. The stock had a trading volume of 3,386,507 shares, compared to its average volume of 2,609,587. Twilio has a 1-year low of $49.86 and a 1-year high of $83.28. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The firm has a market capitalization of $13.71 billion, a price-to-earnings ratio of -20.25, a PEG ratio of 4.01 and a beta of 1.35. The stock’s fifty day simple moving average is $64.88 and its 200 day simple moving average is $60.80.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping 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 company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the business posted ($0.23) EPS. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. Sell-side analysts anticipate that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the transaction, the insider now directly owns 156,737 shares in the company, valued at approximately $9,540,581.19. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction 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 transaction, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

Several institutional investors and hedge funds have recently added to or reduced their stakes in TWLO. AQR Capital Management LLC lifted its holdings in shares of Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares during the period. Kodai Capital Management LP boosted its holdings in Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Twilio by 258.4% in the 3rd 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 period. Panagora Asset Management Inc. raised its holdings in shares of Twilio by 286.3% in the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares in the last quarter. Finally, Goldentree Asset Management LP acquired a new stake in Twilio in the 1st quarter valued at $31,745,000. 84.27% of the stock is currently owned by institutional investors.

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.