Twilio (NYSE:TWLO) Price Target Raised to $170.00

Twilio (NYSE:TWLO) had its target price upped by Tigress Financial from $135.00 to $170.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also recently commented on the company. Stifel Nicolaus increased their price target on Twilio from $130.00 to $135.00 and gave the company a “hold” rating in a report on Friday, February 14th. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Royal Bank of Canada reiterated an “underperform” rating and set a $50.00 price target on shares of Twilio in a report on Tuesday, January 21st. JMP Securities reissued a “market outperform” rating and issued a $165.00 price objective on shares of Twilio in a report on Friday, February 14th. Finally, Oppenheimer raised their price objective on shares of Twilio from $90.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Twilio presently has a consensus rating of “Moderate Buy” and a consensus price target of $134.26.

Twilio Price Performance

Twilio stock opened at $115.44 on Tuesday. The company has a fifty day simple moving average of $122.33 and a 200-day simple moving average of $93.60. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of -180.38, a PEG ratio of 4.30 and a beta of 1.42. The company has a quick ratio of 5.06, a current 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 $151.95.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.19 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. On average, equities analysts anticipate that Twilio will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In other news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.51, for a total value of $173,193.41. Following the completion of the transaction, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % 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. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the sale, the chief executive officer now directly owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 25,906 shares of company stock valued at $2,950,514 in the last three months. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Ritholtz Wealth Management acquired a new stake in Twilio in the 4th quarter valued at about $344,000. KBC Group NV increased its stake in shares of Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after buying an additional 9,140 shares during the period. Bleakley Financial Group LLC acquired a new stake in Twilio in the fourth quarter valued at approximately $230,000. Zacks Investment Management purchased a new position in Twilio in the third quarter worth approximately $3,386,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after acquiring an additional 9,141 shares in the last quarter. 84.27% of the stock is currently 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.