Monness Crespi & Hardt Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target boosted by investment analysts at Monness Crespi & Hardt from $135.00 to $152.00 in a report issued on Monday, MarketBeat.com reports. The brokerage presently has a “buy” rating on the technology company’s stock. Monness Crespi & Hardt’s price target indicates a potential upside of 3.56% from the stock’s previous close.

TWLO has been the subject of a number of other research reports. JMP Securities restated a “market outperform” rating and set a $110.00 price objective on shares of Twilio in a research note on Tuesday, October 8th. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Northland Securities increased their price target on shares of Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. Stifel Nicolaus boosted their price objective on Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a report on Friday, January 24th. Finally, The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and increased their target price for the stock from $77.00 to $185.00 in a report on Monday. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $119.25.

Twilio Stock Performance

NYSE:TWLO opened at $146.77 on Monday. The firm has a 50-day moving average of $110.06 and a two-hundred day moving average of $82.15. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The stock has a market cap of $22.51 billion, a P/E ratio of -57.11, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 1-year low of $52.51 and a 1-year high of $148.37.

Insider Activity

In other Twilio news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was 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 in the company, valued at $11,383,280. This represents a 3.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.58, for a total value of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,527 shares of company stock valued at $2,844,655. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its stake in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after purchasing an additional 630,627 shares during the last quarter. Pacer Advisors Inc. grew its position in Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock worth $187,026,000 after buying an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC increased its holdings in shares of Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after buying an additional 398,872 shares in the last quarter. KBC Group NV lifted its position in shares of Twilio by 1,138.4% during the 4th quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after acquiring an additional 258,469 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Twilio by 2,412.9% during the 3rd quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after acquiring an additional 193,971 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Company Profile

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.