Piper Sandler Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO - Get Free Report) had its target price lifted by Piper Sandler from $121.00 to $140.00 in a report issued on Monday, July 14th, MarketBeat Ratings reports. The firm currently has an "overweight" rating on the technology company's stock. Piper Sandler's target price suggests a potential upside of 8.65% from the stock's current price.

Several other research analysts have also issued reports on TWLO. Morgan Stanley dropped their target price on Twilio from $160.00 to $111.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. JMP Securities reiterated a "market outperform" rating and issued a $165.00 price target on shares of Twilio in a report on Tuesday, April 29th. Mizuho reduced their price objective on shares of Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Needham & Company LLC reaffirmed a "buy" rating and set a $125.00 price target on shares of Twilio in a research report on Friday, May 16th. Finally, Scotiabank upped their price target on Twilio from $130.00 to $135.00 and gave the stock a "sector outperform" rating in a research report on Friday, May 2nd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Twilio currently has a consensus rating of "Moderate Buy" and an average target price of $127.22.

Twilio Stock Down 1.6%

TWLO stock opened at $128.86 on Monday. The firm has a market cap of $19.67 billion, a PE ratio of -613.97, a price-to-earnings-growth ratio of 4.04 and a beta of 1.30. The business has a 50 day moving average of $121.15 and a 200 day moving average of $113.84. Twilio has a twelve month low of $56.16 and a twelve month high of $151.95. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12.

Twilio (NYSE:TWLO - Get Free Report) last released its earnings results on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.14 billion. Twilio had a positive return on equity of 2.25% and a negative net margin of 0.74%. Twilio's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.80 earnings per share. On average, research analysts forecast that Twilio will post 1.44 EPS for the current fiscal year.

Insider Transactions at Twilio

In related news, Director Erika Rottenberg sold 4,100 shares of the firm's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $120.03, for a total transaction of $492,123.00. Following the completion of the sale, the director directly owned 33,488 shares of the company's stock, valued at approximately $4,019,564.64. This trade represents a 10.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Khozema Shipchandler sold 13,595 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the sale, the chief executive officer directly owned 246,986 shares of the company's stock, valued at approximately $28,912,181.16. The trade was a 5.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 55,888 shares of company stock valued at $6,753,409 over the last 90 days. Corporate insiders own 0.21% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Asset Management One Co. Ltd. increased its stake in Twilio by 22.4% during the 2nd quarter. Asset Management One Co. Ltd. now owns 66,733 shares of the technology company's stock valued at $8,299,000 after buying an additional 12,205 shares during the period. Smith Group Asset Management LLC increased its stake in Twilio by 5.3% during the 2nd quarter. Smith Group Asset Management LLC now owns 14,700 shares of the technology company's stock valued at $1,828,000 after buying an additional 740 shares during the period. Forum Financial Management LP raised its holdings in shares of Twilio by 7.2% in the 2nd quarter. Forum Financial Management LP now owns 6,055 shares of the technology company's stock worth $753,000 after purchasing an additional 405 shares in the last quarter. Ethic Inc. raised its holdings in shares of Twilio by 11.4% in the 2nd quarter. Ethic Inc. now owns 24,634 shares of the technology company's stock worth $3,024,000 after purchasing an additional 2,518 shares in the last quarter. Finally, Pacific Heights Asset Management LLC bought a new stake in shares of Twilio in the 2nd quarter worth approximately $19,898,000. 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.