Twilio (NYSE:TWLO) Given New $85.00 Price Target at Jefferies Financial Group

Twilio (NYSE:TWLO) had its target price increased by Jefferies Financial Group from $60.00 to $85.00 in a research report released on Thursday morning, Benzinga reports. The brokerage currently has a hold rating on the technology company’s stock.

TWLO has been the topic of a number of other reports. Oppenheimer boosted their price objective on shares of Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on shares of Twilio from $65.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research report on Tuesday, October 8th. Finally, Barclays decreased their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Twilio has a consensus rating of “Hold” and an average target price of $79.55.

Twilio Stock Up 5.2 %

NYSE TWLO opened at $84.84 on Thursday. The business’s 50-day moving average is $65.80 and its 200 day moving average is $61.15. The stock has a market capitalization of $13.63 billion, a PE ratio of -33.01, a PEG ratio of 4.59 and a beta of 1.32. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. Twilio has a 1 year low of $51.90 and a 1 year high of $85.59.

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

Insider Activity

In related news, CEO Khozema Shipchandler sold 11,073 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 278,134 shares in the company, valued at $18,087,054.02. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related 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 transaction of $315,840.00. Following the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The stock was 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 owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was 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 90 days. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

A number of institutional investors have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. lifted its position in 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 purchasing an additional 809 shares during the period. Private Advisor Group LLC boosted its stake in shares of Twilio by 182.3% in the 1st quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company’s stock worth $2,144,000 after buying an additional 22,643 shares during the last quarter. Capstone Investment Advisors LLC bought a new stake in shares of Twilio in the first quarter worth $2,031,000. Hussman Strategic Advisors Inc. purchased a new stake in Twilio during the first quarter valued at $770,000. Finally, Greenwood Capital Associates LLC lifted its holdings in Twilio by 28.5% in the first quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company’s stock valued at $495,000 after acquiring an additional 1,792 shares during the period. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.