Twilio (NYSE:TWLO) Price Target Raised to $80.00 at Wells Fargo & Company

Twilio (NYSE:TWLO) had its target price upped by equities researchers at Wells Fargo & Company from $75.00 to $80.00 in a report released on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the technology company’s stock. Wells Fargo & Company‘s price objective suggests a potential downside of 5.70% from the stock’s current price.

Other research analysts also recently issued research reports about the company. Sanford C. Bernstein raised their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Oppenheimer lifted their price target on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday. Jefferies Financial Group upped their target price on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday. Finally, Robert W. Baird raised their price target on Twilio from $65.00 to $80.00 and gave the company a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $79.55.

Twilio Price Performance

Shares of NYSE:TWLO opened at $84.84 on Friday. The firm’s 50 day moving average price is $65.80 and its 200-day moving average price is $61.13. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $13.63 billion, a PE ratio of -33.01, a price-to-earnings-growth ratio of 4.59 and a beta of 1.32. Twilio has a twelve month low of $51.90 and a twelve month high of $85.59.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.17. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The business had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter last year, the company posted ($0.23) EPS. The company’s revenue was up 4.4% compared to the same quarter last year. Equities research analysts expect that Twilio will post 0.54 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Twilio news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,682 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total value of $437,938.28. Following the sale, the chief financial officer now directly owns 171,187 shares of the company’s stock, valued at $11,219,595.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several large investors have recently added to or reduced their stakes in TWLO. Vanguard Group Inc. boosted its holdings in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the period. Susquehanna Fundamental Investments LLC grew its position in shares of Twilio by 78.2% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after buying an additional 31,227 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Twilio by 9.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after buying an additional 17,856 shares during the period. Farmers Trust Co. raised its holdings in shares of Twilio by 58.1% in the third quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after acquiring an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its stake in Twilio by 13.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock worth $10,770,000 after acquiring an additional 21,245 shares during the period. 84.27% of the stock is owned by hedge funds and other 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.