Analysts Set Twilio Inc. (NYSE:TWLO) Price Target at $127.22

Shares of Twilio Inc. (NYSE:TWLO) have earned an average recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $127.22.

TWLO has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Twilio from $130.00 to $145.00 and gave the company a “buy” rating in a report on Friday, May 2nd. Jefferies Financial Group set a $132.00 price objective on shares of Twilio and gave the company a “hold” rating in a report on Sunday, June 15th. Scotiabank upped their price objective on shares of Twilio from $130.00 to $135.00 and gave the company a “sector outperform” rating in a report on Friday, May 2nd. Tigress Financial reiterated a “buy” rating and set a $170.00 price objective on shares of Twilio in a report on Thursday, May 8th. Finally, UBS Group lowered their target price on shares of Twilio from $175.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, May 2nd.

Insider Transactions at Twilio

In related news, CFO Aidan Viggiano sold 8,297 shares of Twilio stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $117.05, for a total value of $971,163.85. Following the transaction, the chief financial officer owned 147,823 shares in the company, valued at $17,302,682.15. This trade represents a 5.31% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Khozema Shipchandler sold 13,595 shares of Twilio stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $117.06, for a total transaction of $1,591,430.70. Following the completion of the transaction, the chief executive officer owned 246,986 shares in the company, valued at approximately $28,912,181.16. The trade was a 5.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 55,888 shares of company stock valued at $6,753,409. Insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently modified their holdings of the company. Woodward Diversified Capital LLC boosted its stake in Twilio by 1.5% during the first quarter. Woodward Diversified Capital LLC now owns 7,163 shares of the technology company’s stock worth $701,000 after acquiring an additional 103 shares in the last quarter. Aaron Wealth Advisors LLC boosted its stake in Twilio by 2.9% during the second quarter. Aaron Wealth Advisors LLC now owns 3,980 shares of the technology company’s stock worth $495,000 after acquiring an additional 113 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its stake in Twilio by 1.4% during the first quarter. Nations Financial Group Inc. IA ADV now owns 8,430 shares of the technology company’s stock worth $825,000 after acquiring an additional 114 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Twilio by 12.1% during the first quarter. Smartleaf Asset Management LLC now owns 1,104 shares of the technology company’s stock worth $109,000 after acquiring an additional 119 shares in the last quarter. Finally, Strengthening Families & Communities LLC boosted its stake in Twilio by 5.8% during the first quarter. Strengthening Families & Communities LLC now owns 2,278 shares of the technology company’s stock worth $223,000 after acquiring an additional 125 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Stock Performance

Shares of Twilio stock opened at $131.01 on Friday. The company has a quick ratio of 4.78, a current ratio of 4.78 and a debt-to-equity ratio of 0.12. Twilio has a twelve month low of $56.16 and a twelve month high of $151.95. The stock has a market cap of $20.00 billion, a price-to-earnings ratio of -623.85, a P/E/G ratio of 4.08 and a beta of 1.30. The company’s fifty day moving average is $118.52 and its 200 day moving average is $112.74.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, May 1st. The technology company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Twilio had a negative net margin of 0.74% and a positive return on equity of 2.25%. Twilio’s revenue for the quarter was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.80 earnings per share. Sell-side analysts forecast that Twilio will post 1.44 EPS for the current year.

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.