Twilio (NYSE:TWLO) Upgraded to Buy at Monness Crespi & Hardt

Twilio (NYSE:TWLO) was upgraded by investment analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a research report issued on Friday, MarketBeat.com reports. The brokerage currently has a $135.00 target price on the technology company’s stock. Monness Crespi & Hardt’s price objective would indicate a potential upside of 38.99% from the company’s current price.

A number of other brokerages have also recently commented on TWLO. Oppenheimer upped their price target on Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a research note on Thursday, October 31st. Mizuho upped their target price on shares of Twilio from $60.00 to $70.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. UBS Group lifted their price target on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Barclays upped their price objective on shares of Twilio from $65.00 to $80.00 and gave the company an “equal weight” rating in a research report on Friday, November 1st. Finally, Tigress Financial boosted their target price on Twilio from $75.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, August 23rd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $83.70.

Twilio Price Performance

Twilio stock opened at $97.13 on Friday. The stock has a market cap of $14.90 billion, a price-to-earnings ratio of -37.79, a P/E/G ratio of 2.89 and a beta of 1.32. Twilio has a 12-month low of $52.51 and a 12-month high of $101.00. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The business’s 50-day simple moving average is $70.76 and its 200 day simple moving average is $62.99.

Insiders Place Their Bets

In related news, CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares in the company, valued at approximately $11,382,431.90. This trade represents a 1.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Dana Wagner sold 591 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the sale, the insider now owns 156,737 shares of the company’s stock, valued at $9,540,581.19. The trade was a 0.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 52,468 shares of company stock worth $3,509,830 over the last three months. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Point72 Asia Singapore Pte. Ltd. raised its stake in shares of Twilio by 239.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 10,188 shares of the technology company’s stock valued at $664,000 after acquiring an additional 7,191 shares during the last quarter. True Wealth Design LLC grew its position in shares of Twilio by 5,200.0% in the 3rd quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after buying an additional 416 shares during the last quarter. Maverick Capital Ltd. increased its stake in shares of Twilio by 0.7% in the third quarter. Maverick Capital Ltd. now owns 766,775 shares of the technology company’s stock valued at $50,009,000 after buying an additional 5,219 shares during the period. PDT Partners LLC bought a new position in shares of Twilio during the third quarter worth about $1,048,000. Finally, Goldentree Asset Management LP lifted its stake in shares of Twilio by 13.5% in the third quarter. Goldentree Asset Management LP now owns 798,102 shares of the technology company’s stock worth $51,935,000 after acquiring an additional 94,645 shares during the period. 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.