Twilio Inc. (NYSE:TWLO) Receives $90.35 Consensus Price Target from Analysts

Twilio Inc. (NYSE:TWLO) has received an average rating of “Hold” from the twenty-three research firms that are currently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $91.22.

A number of equities research analysts have recently weighed in on TWLO shares. The Goldman Sachs Group lifted their price objective on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research note on Friday, November 1st. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Jefferies Financial Group lifted their price objective on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a report on Thursday, October 31st. Robert W. Baird increased their target price on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a report on Friday, November 1st. Finally, Piper Sandler raised their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st.

Twilio Stock Up 3.7 %

Twilio stock opened at $113.09 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The firm has a 50 day moving average price of $100.70 and a 200 day moving average price of $74.83. Twilio has a fifty-two week low of $52.51 and a fifty-two week high of $116.43. The company has a market capitalization of $17.35 billion, a PE ratio of -44.00, a price-to-earnings-growth ratio of 3.26 and a beta of 1.38.

Insider Transactions at Twilio

In related news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at $11,383,280. This represents a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 13,653 shares of company stock worth $1,185,990. 4.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Twilio

Large investors have recently modified their holdings of the company. AQR Capital Management LLC raised its position in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 258.4% in the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Twilio by 18.3% in the third quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after buying an additional 444,295 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Twilio by 50,490.1% during the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Twilio by 30.4% during the second quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock worth $75,813,000 after buying an additional 311,481 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.