Analysts Set Twilio Inc. (NYSE:TWLO) Price Target at $69.48

Twilio Inc. (NYSE:TWLO) has received a consensus rating of “Hold” from the twenty-two ratings firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $69.38.

Several analysts recently commented on TWLO shares. Robert W. Baird reduced their target price on shares of Twilio from $70.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Piper Sandler reduced their target price on shares of Twilio from $79.00 to $77.00 and set an “overweight” rating for the company in a report on Wednesday. Morgan Stanley downgraded shares of Twilio from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $70.00 to $60.00 in a report on Friday, June 14th. Macquarie reduced their target price on shares of Twilio from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Wednesday, May 8th. Finally, Tigress Financial began coverage on shares of Twilio in a report on Friday, June 28th. They set a “buy” rating and a $75.00 target price for the company.

Twilio Stock Up 1.5 %

Shares of TWLO stock opened at $57.87 on Wednesday. The company has a current ratio of 6.55, a quick ratio of 6.55 and a debt-to-equity ratio of 0.11. Twilio has a 1 year low of $49.86 and a 1 year high of $78.16. The firm’s fifty day moving average price is $57.74 and its two-hundred day moving average price is $62.44. The firm has a market capitalization of $9.91 billion, a P/E ratio of -14.43, a PEG ratio of 9.46 and a beta of 1.35.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Tuesday, May 7th. The technology company reported $0.06 earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.15. The company had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.03 billion. Twilio had a negative net margin of 17.37% and a negative return on equity of 0.89%. On average, equities analysts predict that Twilio will post 0.18 EPS for the current fiscal year.

Insider Transactions at Twilio

In other news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the completion of the sale, the chief executive officer now directly owns 311,325 shares in the company, valued at $17,745,525. The transaction was disclosed in a filing with the SEC, which is available at this link. In related news, CEO Khozema Shipchandler sold 24,657 shares of the stock in a transaction on Friday, June 7th. The shares were sold at an average price of $57.00, for a total transaction of $1,405,449.00. Following the transaction, the chief executive officer now directly owns 311,325 shares of the company’s stock, valued at $17,745,525. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 796 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $61.69, for a total transaction of $49,105.24. Following the transaction, the insider now directly owns 164,374 shares in the company, valued at $10,140,232.06. The disclosure for this sale can be found here. Insiders sold a total of 66,967 shares of company stock worth $3,796,221 over the last three months. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in TWLO. Vanguard Group Inc. raised its holdings in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Norges Bank purchased a new stake in shares of Twilio in the fourth quarter valued at about $179,739,000. Kodai Capital Management LP raised its holdings in shares of Twilio by 70.0% in the first quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Twilio by 18.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,385,466 shares of the technology company’s stock valued at $105,131,000 after purchasing an additional 217,796 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Twilio by 3.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,255,577 shares of the technology company’s stock valued at $95,261,000 after purchasing an additional 43,124 shares during the last quarter. 84.27% of the stock is owned by 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.