Twilio (NYSE:TWLO) had its price target raised by stock analysts at Monness Crespi & Hardt from $108.00 to $117.00 in a research note issued on Wednesday. The firm presently has a “buy” rating on the technology company’s stock. Monness Crespi & Hardt’s price objective would suggest a potential upside of 64.74% from the company’s current price.
A number of other analysts have also recently issued reports on TWLO. Zacks Investment Research raised Twilio from a “sell” rating to a “hold” rating in a research note on Sunday, July 15th. Canaccord Genuity reissued a “buy” rating and set a $80.00 target price (up from $52.00) on shares of Twilio in a research note on Monday, August 6th. Robert W. Baird increased their target price on Twilio from $50.00 to $82.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. Oppenheimer increased their target price on Twilio from $60.00 to $80.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 7th. Finally, Northland Securities reissued a “buy” rating and set a $75.00 target price on shares of Twilio in a research note on Tuesday, August 7th. One research analyst has rated the stock with a hold rating and twenty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $78.29.
Shares of TWLO stock opened at $71.02 on Wednesday. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20. The stock has a market capitalization of $7.24 billion, a PE ratio of -91.05 and a beta of 1.00. Twilio has a one year low of $23.25 and a one year high of $88.88.
Twilio (NYSE:TWLO) last announced its quarterly earnings results on Tuesday, November 6th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.05. The company had revenue of $168.90 million during the quarter, compared to analysts’ expectations of $151.62 million. Twilio had a negative return on equity of 21.41% and a negative net margin of 18.29%. Twilio’s revenue was up 68.0% on a year-over-year basis. During the same period in the prior year, the business posted ($0.08) EPS. As a group, sell-side analysts expect that Twilio will post -0.77 earnings per share for the current fiscal year.
In other news, General Counsel Karyn Smith sold 2,009 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $73.71, for a total value of $148,083.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeff Lawson sold 20,830 shares of the stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $71.67, for a total value of $1,492,886.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 184,477 shares of company stock valued at $14,711,857. Insiders own 19.80% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. Principal Financial Group Inc. acquired a new stake in shares of Twilio in the 1st quarter valued at approximately $249,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Twilio in the 1st quarter valued at approximately $347,000. State of Alaska Department of Revenue acquired a new stake in shares of Twilio in the 2nd quarter valued at approximately $486,000. First Citizens Bank & Trust Co. acquired a new stake in shares of Twilio in the 2nd quarter valued at approximately $1,059,000. Finally, Bank of Montreal Can acquired a new stake in shares of Twilio in the 2nd quarter valued at approximately $6,247,000. 57.29% of the stock is owned by institutional investors.
Twilio Company Profile
Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.
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