Twilio (NYSE:TWLO) Upgraded by The Goldman Sachs Group to “Buy” Rating

Twilio (NYSE:TWLO) was upgraded by research analysts at The Goldman Sachs Group from a “neutral” rating to a “buy” rating in a report issued on Monday, MarketBeat reports. The brokerage currently has a $185.00 price objective on the technology company’s stock, up from their prior price objective of $77.00. The Goldman Sachs Group’s target price would indicate a potential upside of 36.05% from the stock’s previous close.

A number of other equities research analysts also recently weighed in on TWLO. Morgan Stanley lifted their price target on shares of Twilio from $115.00 to $118.00 and gave the company an “equal weight” rating in a research report on Friday, January 17th. JMP Securities reiterated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Monness Crespi & Hardt upgraded Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research report on Friday, November 15th. Piper Sandler reaffirmed an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research report on Friday. Finally, Wells Fargo & Company raised their target price on shares of Twilio from $140.00 to $155.00 and gave the company an “overweight” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $116.17.

Twilio Price Performance

NYSE:TWLO opened at $135.98 on Monday. Twilio has a 52 week low of $52.51 and a 52 week high of $141.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm’s 50-day simple moving average is $109.20 and its 200 day simple moving average is $81.40. The firm has a market cap of $20.86 billion, a price-to-earnings ratio of -52.91, a P/E/G ratio of 2.22 and a beta of 1.38.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction that occurred on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This represents a 3.07 % 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 10,834 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 26,527 shares of company stock worth $2,844,655. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TWLO. Ritholtz Wealth Management bought a new stake in Twilio in the fourth quarter valued at $344,000. KBC Group NV boosted its holdings in Twilio by 67.4% in the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after acquiring an additional 9,140 shares in the last quarter. Zacks Investment Management bought a new stake in shares of Twilio during the third quarter valued at approximately $3,386,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Twilio by 167.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the period. Finally, Affinity Investment Advisors LLC bought a new position in shares of Twilio in the 3rd quarter worth $434,000. 84.27% of the stock is owned by institutional investors and hedge funds.

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.