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

Twilio (NYSE:TWLO) had its price objective lifted by investment analysts at Mizuho from $140.00 to $150.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s target price would suggest a potential upside of 8.27% from the stock’s current price.

A number of other research firms have also recently weighed in on TWLO. TD Cowen lifted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. JMP Securities restated a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. UBS Group lifted their target price on shares of Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a research note on Friday. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $115.00 to $160.00 in a research note on Friday. Finally, Needham & Company LLC boosted their price target 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. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat.com, Twilio currently has an average rating of “Hold” and a consensus price target of $108.83.

Twilio Price Performance

Shares of TWLO traded up $25.15 during trading hours on Friday, reaching $138.55. 12,601,497 shares of the stock traded hands, compared to its average volume of 2,918,907. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. Twilio has a 52-week low of $52.51 and a 52-week high of $141.40. The company’s 50-day moving average price is $108.41 and its two-hundred day moving average price is $80.68. The company has a market cap of $21.25 billion, a P/E ratio of -54.09, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38.

Insider Activity at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $80.00, for a total value of $360,960.00. Following the completion of the sale, the insider now directly owns 142,291 shares of the company’s stock, valued at $11,383,280. The trade was a 3.07 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently modified their holdings of TWLO. True Wealth Design LLC lifted 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 worth $28,000 after purchasing an additional 416 shares during the period. Brooklyn Investment Group purchased a new stake in Twilio during the third quarter valued at approximately $46,000. Venturi Wealth Management LLC lifted its position in Twilio by 205.4% during the third quarter. Venturi Wealth Management LLC now owns 733 shares of the technology company’s stock valued at $48,000 after acquiring an additional 493 shares during the last quarter. Huntington National Bank lifted its position in Twilio by 214.5% during the third quarter. Huntington National Bank now owns 780 shares of the technology company’s stock valued at $51,000 after acquiring an additional 532 shares during the last quarter. Finally, Planning Capital Management Corp purchased a new stake in Twilio during the third quarter valued at approximately $53,000. Hedge funds and other 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.