Piper Sandler Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price target increased by investment analysts at Piper Sandler from $83.00 to $94.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Piper Sandler’s price objective would indicate a potential upside of 15.86% from the stock’s previous close.

TWLO has been the topic of several other reports. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a report on Tuesday, October 8th. Oppenheimer increased their price objective on Twilio from $65.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Wells Fargo & Company lifted their target price on shares of Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Barclays dropped their price target 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. Finally, Sanford C. Bernstein lifted their price objective on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, August 27th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $73.76.

Twilio Stock Up 15.0 %

TWLO stock opened at $81.13 on Thursday. The firm’s fifty day moving average is $64.88 and its 200 day moving average is $60.80. The firm has a market cap of $13.89 billion, a PE ratio of -20.32, a P/E/G ratio of 4.01 and a beta of 1.35. Twilio has a one year low of $49.86 and a one year high of $81.97. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. The company had revenue of $1.08 billion for 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%. Twilio’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.23) earnings per share. On average, research analysts forecast that Twilio will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the completion of the transaction, the insider now owns 146,803 shares in the company, valued at $10,276,210. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were 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 in the company, valued at approximately $10,276,210. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,682 shares of the firm’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total transaction of $437,938.28. Following the completion of the sale, the chief financial officer now owns 171,187 shares in the company, valued at $11,219,595.98. 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 in the last ninety days. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in Twilio by 0.8% in the 1st 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 last quarter. Susquehanna Fundamental Investments LLC lifted its holdings in Twilio by 78.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock valued at $4,041,000 after acquiring an additional 31,227 shares during the period. State Board of Administration of Florida Retirement System lifted its stake in shares of Twilio by 9.3% in 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 purchasing an additional 17,856 shares during the period. Farmers Trust Co. increased its stake in Twilio by 58.1% in the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after purchasing an additional 21,001 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co raised its stake in shares of Twilio by 13.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock worth $10,770,000 after buying an additional 21,245 shares during the last quarter. 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.