Mizuho Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its target price upped by Mizuho from $60.00 to $70.00 in a research report sent to investors on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the technology company’s stock.

TWLO has been the topic of several other reports. Sanford C. Bernstein lifted their price target on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a report on Tuesday, August 27th. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 target price on shares of Twilio in a research note on Tuesday, October 8th. Piper Sandler increased their price target on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Jefferies Financial Group boosted their price objective on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $79.55.

Twilio Trading Up 5.2 %

Shares of TWLO opened at $84.84 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. Twilio has a 52-week low of $51.90 and a 52-week high of $85.59. The firm has a market cap of $13.63 billion, a price-to-earnings ratio of -33.01, a PEG ratio of 4.59 and a beta of 1.32. The business’s fifty day moving average is $65.80 and its 200-day moving average is $61.15.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.23) earnings per share. Equities analysts anticipate that Twilio will post 0.54 EPS for the current fiscal year.

Insiders Place Their Bets

In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $119,013.09. Following the completion of the sale, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Dana Wagner sold 591 shares of the firm’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total value of $35,974.17. Following the completion of the sale, the insider now directly owns 156,737 shares in the company, valued at $9,540,581.19. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Aidan Viggiano sold 1,961 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total value of $119,013.09. Following the transaction, the chief financial officer now directly owns 186,501 shares in the company, valued at approximately $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. raised its holdings in shares of Twilio by 27.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company’s stock worth $230,000 after acquiring an additional 809 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of Twilio by 182.3% during the first quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company’s stock valued at $2,144,000 after buying an additional 22,643 shares during the last quarter. Capstone Investment Advisors LLC purchased a new position in shares of Twilio during the first quarter valued at approximately $2,031,000. Hussman Strategic Advisors Inc. purchased a new stake in Twilio in the 1st quarter valued at $770,000. Finally, Greenwood Capital Associates LLC lifted its stake in Twilio by 28.5% during the 1st quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company’s stock valued at $495,000 after acquiring an additional 1,792 shares in the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.