TD Cowen Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its target price boosted by TD Cowen from $70.00 to $85.00 in a research note issued to investors on Thursday, Benzinga reports. The firm currently has a hold rating on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. Oppenheimer lifted their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday. Mizuho raised their price objective on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday. Jefferies Financial Group increased their price target on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. Wells Fargo & Company raised their price objective on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat, Twilio currently has a consensus rating of “Hold” and a consensus target price of $78.64.

Twilio Stock Up 3.2 %

Shares of NYSE TWLO traded up $2.59 on Thursday, hitting $83.24. The company had a trading volume of 1,293,041 shares, compared to its average volume of 2,627,884. The company has a quick ratio of 5.57, a current ratio of 5.57 and a debt-to-equity ratio of 0.11. Twilio has a 12-month low of $51.90 and a 12-month high of $83.58. The business has a 50 day moving average of $65.32 and a two-hundred day moving average of $60.94. The firm has a market capitalization of $13.37 billion, a P/E ratio of -31.44, a PEG ratio of 4.02 and a beta of 1.35.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating 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 during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the firm earned ($0.23) earnings per share. The business’s quarterly revenue was up 4.4% compared to the same quarter last year. As a group, equities research analysts forecast that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 1,961 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. 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 can be accessed through the SEC website. In related news, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $120,712.41. Following the transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 1,961 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 over the last quarter. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently bought and sold shares of the business. Tidal Investments LLC increased its holdings in shares of Twilio by 2.3% during the 1st quarter. Tidal Investments LLC now owns 7,295 shares of the technology company’s stock valued at $446,000 after acquiring an additional 166 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its stake in shares of Twilio by 3.6% in the first quarter. Tokio Marine Asset Management Co. Ltd. now owns 5,806 shares of the technology company’s stock worth $355,000 after buying an additional 201 shares during the last quarter. Arizona State Retirement System boosted its holdings in shares of Twilio by 0.4% during the 2nd quarter. Arizona State Retirement System now owns 47,511 shares of the technology company’s stock worth $2,699,000 after buying an additional 205 shares during the period. US Bancorp DE grew its stake in Twilio by 4.7% in the 3rd quarter. US Bancorp DE now owns 4,787 shares of the technology company’s stock valued at $312,000 after buying an additional 217 shares during the last quarter. Finally, Royal London Asset Management Ltd. raised its holdings in Twilio by 0.4% in the 2nd quarter. Royal London Asset Management Ltd. now owns 60,074 shares of the technology company’s stock worth $3,413,000 after acquiring an additional 220 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

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.