Twilio Inc. (NYSE:TWLO) Receives $79.55 Consensus Price Target from Brokerages

Shares of Twilio Inc. (NYSE:TWLO) have received a consensus rating of “Hold” from the twenty-three analysts that are presently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $83.70.

A number of research firms recently commented on TWLO. JMP Securities reissued a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research report on Tuesday, October 8th. Tigress Financial raised their target price on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Morgan Stanley boosted their price target on Twilio from $70.00 to $77.00 and gave the company an “equal weight” rating in a report on Thursday, October 31st. Needham & Company LLC increased their target price on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Finally, Mizuho lifted their price target 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.

Twilio Trading Down 0.2 %

Shares of NYSE:TWLO opened at $96.39 on Tuesday. Twilio has a 52-week low of $52.51 and a 52-week high of $101.00. The business’s 50 day moving average is $72.99 and its 200 day moving average is $63.76. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insiders Place Their Bets

In related news, CEO Khozema Shipchandler sold 11,073 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total transaction of $720,077.19. Following the transaction, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. The trade was a 3.83 % 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, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction 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 sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. This trade represents a 3.07 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 50,537 shares of company stock worth $3,390,745. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. Toronto Dominion Bank raised its stake in shares of Twilio by 22.9% in the third quarter. Toronto Dominion Bank now owns 20,787 shares of the technology company’s stock valued at $1,356,000 after purchasing an additional 3,877 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Twilio by 1.3% in the third quarter. Geode Capital Management LLC now owns 2,724,406 shares of the technology company’s stock valued at $177,622,000 after purchasing an additional 33,824 shares in the last quarter. M&T Bank Corp boosted its holdings in Twilio by 16.3% in the third quarter. M&T Bank Corp now owns 8,642 shares of the technology company’s stock valued at $563,000 after acquiring an additional 1,211 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of Twilio by 10.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 49,590 shares of the technology company’s stock valued at $3,234,000 after purchasing an additional 4,568 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new stake in Twilio during the 3rd quarter worth $1,840,000. Institutional investors and hedge funds 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.