Twilio (NYSE:TWLO) Stock Price Expected to Rise, The Goldman Sachs Group Analyst Says

Twilio (NYSE:TWLO) had its price target boosted by equities researchers at The Goldman Sachs Group from $130.00 to $145.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. The Goldman Sachs Group’s target price points to a potential upside of 44.84% from the company’s previous close.

A number of other analysts also recently issued reports on TWLO. Robert W. Baird cut their price objective on Twilio from $160.00 to $130.00 and set an “outperform” rating for the company in a research report on Wednesday. William Blair reiterated an “outperform” rating on shares of Twilio in a report on Friday, February 14th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 24th. Barclays lifted their price objective on Twilio from $120.00 to $140.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. Finally, Monness Crespi & Hardt raised their target price on Twilio from $135.00 to $152.00 and gave the company a “buy” rating in a report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $121.13.

Twilio Trading Up 2.3 %

TWLO opened at $100.11 on Friday. The firm has a market capitalization of $15.28 billion, a price-to-earnings ratio of -156.42, a price-to-earnings-growth ratio of 4.30 and a beta of 1.44. The company’s 50 day simple moving average is $97.36 and its two-hundred day simple moving average is $105.12. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Twilio (NYSE:TWLO) last announced its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $1.14 billion. During the same quarter last year, the business posted $0.80 earnings per share. The firm’s revenue was up 12.0% compared to the same quarter last year. Analysts expect that Twilio will post 1.44 EPS for the current fiscal year.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 12,056 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the completion of the sale, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. This represents a 3.92 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Aidan Viggiano sold 2,500 shares of Twilio stock in a transaction that occurred on Friday, February 21st. The shares were sold at an average price of $117.45, for a total value of $293,625.00. Following the completion of the transaction, the chief financial officer now owns 184,164 shares in the company, valued at $21,630,061.80. This trade represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 23,471 shares of company stock worth $2,344,149 in the last 90 days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

Several hedge funds have recently modified their holdings of TWLO. M&T Bank Corp lifted its stake in shares of Twilio by 1.0% in the 4th quarter. M&T Bank Corp now owns 8,727 shares of the technology company’s stock worth $943,000 after acquiring an additional 85 shares during the period. Allworth Financial LP raised its holdings in Twilio by 6.9% during the fourth quarter. Allworth Financial LP now owns 1,465 shares of the technology company’s stock worth $165,000 after purchasing an additional 94 shares in the last quarter. Woodward Diversified Capital LLC lifted its position in Twilio by 1.5% in the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company’s stock valued at $701,000 after purchasing an additional 103 shares during the period. GHP Investment Advisors Inc. boosted its holdings in Twilio by 10.4% in the 4th quarter. GHP Investment Advisors Inc. now owns 1,107 shares of the technology company’s stock valued at $120,000 after purchasing an additional 104 shares in the last quarter. Finally, Tidal Investments LLC increased its position in Twilio by 0.6% during the 3rd quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock worth $1,152,000 after purchasing an additional 112 shares during the period. 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.