Twilio (NYSE:TWLO) Price Target Raised to $135.00

Twilio (NYSE:TWLO - Get Free Report) had its target price increased by research analysts at Scotiabank from $130.00 to $135.00 in a research report issued on Friday,Benzinga reports. The firm currently has a "sector outperform" rating on the technology company's stock. Scotiabank's price objective would indicate a potential upside of 38.14% from the company's previous close.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group upgraded Twilio from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $77.00 to $185.00 in a research note on Monday, January 27th. Mizuho lowered their price target on Twilio from $165.00 to $125.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Needham & Company LLC dropped their price target on shares of Twilio from $165.00 to $125.00 and set a "buy" rating on the stock in a research note on Tuesday. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $83.00 to $130.00 and gave the company an "overweight" rating in a research note on Friday, January 24th. Finally, Baird R W upgraded shares of Twilio from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 24th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $124.87.

Twilio Trading Down 0.2 %

TWLO traded down $0.16 on Friday, hitting $97.72. 3,200,810 shares of the company were exchanged, compared to its average volume of 2,675,177. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 12 month low of $52.51 and a 12 month high of $151.95. The firm has a fifty day simple moving average of $97.67 and a two-hundred day simple moving average of $104.67. The stock has a market capitalization of $14.92 billion, a PE ratio of -152.89, a price-to-earnings-growth ratio of 4.30 and a beta of 1.50.

Twilio (NYSE:TWLO - Get Free Report) last released its quarterly 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. Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The business had revenue of $1.17 billion for the quarter, compared to analysts' expectations of $1.14 billion. During the same quarter in the previous year, the business posted $0.80 earnings per share. The firm's revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts expect that Twilio will post 1.44 earnings per share for the current year.

Insider Buying and Selling at Twilio

In other news, CEO Khozema Shipchandler sold 12,056 shares of the company's stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the transaction, the chief executive officer now directly owns 295,134 shares of the company's stock, valued at approximately $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,391 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total transaction of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares in the company, valued at $18,990,140.69. This represents a 0.90 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock valued at $2,344,149 in the last 90 days. Company insiders own 4.50% of the company's stock.

Institutional Trading of Twilio

Several institutional investors and hedge funds have recently bought and sold shares of TWLO. LRI Investments LLC acquired a new stake in Twilio during the 1st quarter worth approximately $25,000. Financial Gravity Asset Management Inc. acquired a new stake in shares of Twilio during the first quarter worth $28,000. Cloud Capital Management LLC purchased a new position in Twilio in the 1st quarter valued at $34,000. UMB Bank n.a. acquired a new position in Twilio in the 1st quarter valued at $37,000. Finally, CX Institutional purchased a new stake in Twilio in the 1st quarter valued at approximately $39,000. Hedge funds and other institutional investors own 84.27% of the company's stock.

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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