Twilio (NYSE:TWLO) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Twilio (NYSE:TWLO) had its target price lifted by Morgan Stanley from $70.00 to $77.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price target would indicate a potential downside of 9.22% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Needham & Company LLC lifted their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday. Barclays dropped their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Tigress Financial lifted their target price on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. JMP Securities restated a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. Finally, Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. Two analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $79.55.

Twilio Price Performance

NYSE TWLO opened at $84.82 on Thursday. The business’s fifty day moving average is $65.80 and its 200 day moving average is $61.12. Twilio has a fifty-two week low of $51.90 and a fifty-two week high of $85.59. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

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, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the previous year, the company posted ($0.23) EPS. The firm’s revenue was up 4.4% on a year-over-year basis. Research analysts forecast that Twilio will post 0.54 EPS for the current fiscal year.

Insider Activity

In related news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Monday, October 7th. The stock was sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now owns 146,803 shares in the company, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 11,044 shares of the business’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the sale, the chief executive officer now directly owns 267,090 shares of the company’s stock, valued at $17,678,687.10. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 51,906 shares of company stock valued at $3,388,596. 4.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently modified their holdings of TWLO. Vanguard Group Inc. increased its holdings in Twilio by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock worth $1,097,665,000 after purchasing an additional 140,791 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Twilio by 11.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock worth $128,396,000 after buying an additional 224,040 shares in the last quarter. Kodai Capital Management LP increased its stake in shares of Twilio by 70.0% during the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares during the period. Point72 Asset Management L.P. raised its holdings in shares of Twilio by 30.4% in the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after acquiring an additional 311,481 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Twilio by 736.9% during the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock worth $63,915,000 after acquiring an additional 1,006,391 shares in the last quarter. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.