Twilio (NYSE:TWLO) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

Twilio (NYSE:TWLO) had its target price lifted by Stifel Nicolaus from $110.00 to $130.00 in a research report sent to investors on Friday morning,Benzinga reports. Stifel Nicolaus currently has a hold rating on the technology company’s stock.

TWLO has been the topic of several other research reports. Northland Securities boosted their target price on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday. Monness Crespi & Hardt raised shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 target price for the company in a research report on Friday, November 15th. TD Cowen upped their price objective 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. Finally, Jefferies Financial Group upped their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday, October 31st. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $110.96.

Twilio Price Performance

Shares of NYSE:TWLO opened at $135.98 on Friday. The firm has a market cap of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The firm’s fifty day moving average is $109.20 and its 200-day moving average is $81.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. Twilio has a 52 week low of $52.51 and a 52 week high of $141.40.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of the stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now 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 filing with the SEC, which is available at the SEC website. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction on Monday, January 6th. The shares were 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 of the company’s stock, valued at $27,823,806.18. The trade was a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 26,527 shares of company stock valued at $2,844,655 in the last quarter. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several institutional investors and hedge funds have recently modified their holdings of the stock. Sei Investments Co. boosted its stake in Twilio by 5.2% during the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock worth $1,066,000 after acquiring an additional 929 shares in the last quarter. Evergreen Capital Management LLC purchased a new position in Twilio in the second quarter worth about $337,000. Xponance Inc. raised its holdings in shares of Twilio by 3.3% during the second quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock valued at $991,000 after purchasing an additional 561 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Twilio by 62.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock valued at $1,883,000 after purchasing an additional 12,761 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in shares of Twilio during the second quarter valued at approximately $87,000. 84.27% of the stock is owned by hedge funds and other institutional investors.

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.