Piper Sandler Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO - Get Free Report) had its target price hoisted by analysts at Piper Sandler from $121.00 to $140.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Piper Sandler's price target indicates a potential upside of 23.67% from the stock's current price.

Other analysts also recently issued reports about the company. Tigress Financial reissued a "buy" rating and set a $170.00 price objective on shares of Twilio in a research report on Thursday, May 8th. KeyCorp started coverage on shares of Twilio in a report on Friday, June 6th. They issued an "overweight" rating and a $146.00 price objective on the stock. UBS Group dropped their target price on shares of Twilio from $175.00 to $150.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Jefferies Financial Group set a $132.00 price target on Twilio and gave the stock a "hold" rating in a research note on Sunday, June 15th. Finally, HSBC raised Twilio from a "reduce" rating to a "hold" rating and lifted their target price for the company from $77.00 to $99.00 in a research report on Monday, May 5th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $127.22.

Twilio Stock Down 3.5%

NYSE TWLO opened at $113.20 on Monday. The business has a fifty day moving average price of $116.40 and a 200 day moving average price of $112.18. The company has a debt-to-equity ratio of 0.12, a quick ratio of 4.78 and a current ratio of 4.78. The company has a market cap of $17.28 billion, a P/E ratio of -539.05, a P/E/G ratio of 3.52 and a beta of 1.30. Twilio has a one year low of $56.16 and a one year high of $151.95.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating analysts' consensus estimates of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio's quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.80 EPS. Research analysts anticipate that Twilio will post 1.44 EPS for the current fiscal year.

Insider Activity at Twilio

In related news, CEO Khozema Shipchandler sold 20,008 shares of the stock in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $124.53, for a total transaction of $2,491,596.24. Following the completion of the sale, the chief executive officer owned 260,581 shares of the company's stock, valued at approximately $32,450,151.93. This represents a 7.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 8,297 shares of the business's stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $117.05, for a total transaction of $971,163.85. Following the sale, the chief financial officer owned 147,823 shares of the company's stock, valued at approximately $17,302,682.15. This represents a 5.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 55,888 shares of company stock worth $6,753,409. 4.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Twilio

Several hedge funds and other institutional investors have recently bought and sold shares of TWLO. Brighton Jones LLC boosted its position in Twilio by 6.6% in the 4th quarter. Brighton Jones LLC now owns 10,051 shares of the technology company's stock valued at $1,086,000 after buying an additional 623 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Twilio by 778.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 1,186 shares of the technology company's stock valued at $128,000 after purchasing an additional 1,051 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Twilio during the 4th quarter valued at approximately $97,000. Sequoia Financial Advisors LLC acquired a new stake in shares of Twilio during the fourth quarter worth approximately $204,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Twilio by 13.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,720 shares of the technology company's stock worth $186,000 after buying an additional 209 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.

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