Twilio (NYSE:TWLO) had its target price upped by stock analysts at Cowen from $420.00 to $440.00 in a research report issued on Friday, The Fly reports. The firm presently has an "outperform" rating on the technology company's stock. Cowen's price target would suggest a potential upside of 13.11% from the company's current price.
Several other equities analysts also recently weighed in on TWLO. JMP Securities lifted their target price on Twilio from $320.00 to $360.00 in a research report on Tuesday, October 13th. DA Davidson lifted their target price on Twilio from $330.00 to $380.00 in a research report on Tuesday, October 13th. Northland Securities lifted their target price on Twilio from $340.00 to $390.00 and gave the company an "outperform" rating in a research report on Tuesday, December 22nd. The Goldman Sachs Group lifted their target price on Twilio from $290.00 to $330.00 and gave the company a "neutral" rating in a research report on Tuesday, October 27th. Finally, FBN Securities lifted their target price on Twilio from $340.00 to $360.00 in a research report on Monday, October 12th. Four analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. The stock presently has a consensus rating of "Buy" and a consensus price target of $345.63.
Shares of TWLO opened at $389.00 on Friday. The firm has a market cap of $58.72 billion, a P/E ratio of -136.97 and a beta of 1.51. Twilio has a 12-month low of $68.06 and a 12-month high of $398.29. The company's 50-day moving average price is $352.60 and its 200 day moving average price is $288.72. The company has a current ratio of 10.94, a quick ratio of 10.94 and a debt-to-equity ratio of 0.08.
Twilio (NYSE:TWLO) last issued its quarterly earnings data on Monday, October 26th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.04) by $0.08. The firm had revenue of $447.97 million for the quarter, compared to analyst estimates of $407.20 million. Twilio had a negative net margin of 26.01% and a negative return on equity of 5.43%. Twilio's revenue was up 51.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.03 EPS. Equities research analysts forecast that Twilio will post -1.5 earnings per share for the current year.
In other news, Director Richard L. Dalzell sold 1,500 shares of the company's stock in a transaction that occurred on Tuesday, December 15th. The stock was sold at an average price of $349.75, for a total transaction of $524,625.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO George Hu sold 18,488 shares of the company's stock in a transaction that occurred on Tuesday, November 3rd. The stock was sold at an average price of $272.35, for a total value of $5,035,206.80. The disclosure for this sale can be found here. Insiders have sold 183,884 shares of company stock valued at $63,443,211 in the last 90 days. Company insiders own 6.68% of the company's stock.
Several institutional investors have recently added to or reduced their stakes in the company. Jennison Associates LLC grew its holdings in Twilio by 44.6% during the third quarter. Jennison Associates LLC now owns 7,340,017 shares of the technology company's stock worth $1,813,645,000 after acquiring an additional 2,264,733 shares during the period. ARK Investment Management LLC grew its holdings in Twilio by 574.5% during the third quarter. ARK Investment Management LLC now owns 866,707 shares of the technology company's stock worth $214,155,000 after acquiring an additional 738,212 shares during the period. Nikko Asset Management Americas Inc. boosted its stake in shares of Twilio by 216.7% during the third quarter. Nikko Asset Management Americas Inc. now owns 998,127 shares of the technology company's stock valued at $248,534,000 after acquiring an additional 682,948 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Twilio by 17.0% during the third quarter. Nuveen Asset Management LLC now owns 1,445,494 shares of the technology company's stock valued at $357,167,000 after acquiring an additional 210,365 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in shares of Twilio during the third quarter valued at $44,935,000. Institutional investors and hedge funds own 82.51% of the company's stock.
Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, and video capabilities into their applications.
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