Scotiabank Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price objective increased by analysts at Scotiabank from $130.00 to $135.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the technology company’s stock. Scotiabank’s price objective would indicate a potential upside of 34.85% from the company’s previous close.

Other analysts have also issued reports about the stock. Oppenheimer increased their price target on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, January 24th. Jefferies Financial Group lowered their price objective on Twilio from $145.00 to $108.00 and set a “hold” rating on the stock in a research report on Monday, April 28th. The Goldman Sachs Group upgraded Twilio from a “neutral” rating to a “buy” rating and increased their price target for the stock from $77.00 to $185.00 in a research report on Monday, January 27th. Monness Crespi & Hardt increased their price objective on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a research note on Monday, January 27th. Finally, Tigress Financial lifted their price target on Twilio from $135.00 to $170.00 and gave the stock a “buy” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $121.13.

Twilio Trading Up 2.3 %

TWLO opened at $100.11 on Friday. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock’s fifty day moving average is $97.36 and its two-hundred day moving average is $105.12. The company has a market capitalization of $15.28 billion, a P/E ratio of -156.42, a PEG ratio of 4.30 and a beta of 1.44. Twilio has a 52 week low of $52.51 and a 52 week high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, beating the consensus estimate of $0.92 by $0.22. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same quarter last year, the firm posted $0.80 earnings per share. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts forecast that Twilio will post 1.44 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the sale, the chief financial officer now owns 176,640 shares in the company, valued at approximately $16,936,243.20. The trade was a 4.09 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Khozema Shipchandler sold 12,056 shares of Twilio stock in a transaction dated Monday, March 31st. The stock was sold at an average price of $95.88, for a total value of $1,155,929.28. Following the sale, the chief executive officer now owns 295,134 shares in the company, valued at $28,297,447.92. This trade represents a 3.92 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 23,471 shares of company stock worth $2,344,149 in the last 90 days. Corporate 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 made changes to their positions in the business. LRI Investments LLC purchased a new position in Twilio in the 1st quarter valued at $25,000. Financial Gravity Asset Management Inc. purchased a new stake in shares of Twilio in the 1st quarter worth about $28,000. Cloud Capital Management LLC purchased a new position in shares of Twilio during the 1st quarter worth approximately $34,000. JFS Wealth Advisors LLC lifted its position in shares of Twilio by 244.0% in the fourth quarter. JFS Wealth Advisors LLC now owns 375 shares of the technology company’s stock valued at $41,000 after acquiring an additional 266 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its holdings in shares of Twilio by 79.4% during the fourth quarter. Parkside Financial Bank & Trust now owns 375 shares of the technology company’s stock worth $41,000 after buying an additional 166 shares in the last quarter. 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.