Twilio (NYSE:TWLO) Given New $90.00 Price Target at Oppenheimer

Twilio (NYSE:TWLO) had its price target lifted by research analysts at Oppenheimer from $85.00 to $90.00 in a report issued on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective indicates a potential upside of 9.76% from the stock’s current price.

Several other equities analysts have also weighed in on TWLO. Piper Sandler raised their target price on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a report on Thursday. Jefferies Financial Group lifted their price target on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday. Needham & Company LLC lifted their price target on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research report on Tuesday, October 8th. Finally, StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $76.09.

Twilio Price Performance

Shares of TWLO traded up $11.43 during trading hours on Thursday, hitting $82.00. 6,253,907 shares of the company were exchanged, compared to its average volume of 2,623,176. The company has a market capitalization of $14.04 billion, a PE ratio of -20.43, a PEG ratio of 4.01 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The firm has a fifty day simple moving average of $64.88 and a 200-day simple moving average of $60.80. Twilio has a one year low of $49.86 and a one year high of $83.30.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned ($0.23) EPS. As a group, sell-side analysts predict that Twilio will post 0.54 earnings per share for the current year.

Insider Activity at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was 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 in the company, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Dana Wagner sold 1,989 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the sale, the insider now directly owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Khozema Shipchandler sold 11,073 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 51,906 shares of company stock worth $3,388,596. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. increased its holdings in shares of Twilio by 27.5% during the first quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company’s stock valued at $230,000 after acquiring an additional 809 shares in the last quarter. Private Advisor Group LLC increased its holdings in shares of Twilio by 182.3% during the first quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company’s stock valued at $2,144,000 after acquiring an additional 22,643 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Twilio during the first quarter valued at approximately $2,031,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Twilio during the first quarter valued at approximately $770,000. Finally, Greenwood Capital Associates LLC boosted its position in Twilio by 28.5% in the first quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company’s stock worth $495,000 after purchasing an additional 1,792 shares during the last quarter. 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.