Twilio (NYSE:TWLO) Price Target Raised to $85.00 at Oppenheimer

Twilio (NYSE:TWLO) had its target price upped by research analysts at Oppenheimer from $65.00 to $85.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Oppenheimer’s price objective indicates a potential upside of 20.39% from the stock’s current price.

Other research analysts have also issued reports about the company. Wells Fargo & Company raised their price target on Twilio from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Friday, August 2nd. StockNews.com upgraded shares of Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Sanford C. Bernstein increased their price objective 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. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Barclays cut their target price on Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Twilio has a consensus rating of “Hold” and a consensus price target of $71.00.

Twilio Price Performance

NYSE TWLO opened at $70.61 on Tuesday. The company has a 50-day moving average price of $63.87 and a two-hundred day moving average price of $60.47. Twilio has a 52 week low of $49.86 and a 52 week high of $78.16. The stock has a market cap of $11.34 billion, a price-to-earnings ratio of -21.46, a price-to-earnings-growth ratio of 4.03 and a beta of 1.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) earnings per share. Analysts forecast that Twilio will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 1,989 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the sale, the insider now owns 157,328 shares in the company, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Twilio news, CFO Aidan Viggiano sold 1,961 shares of Twilio stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $119,013.09. Following the transaction, the chief financial officer now owns 186,501 shares of the company’s stock, valued at $11,318,745.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Dana Wagner sold 1,989 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the completion of the sale, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock worth $3,388,596 over the last ninety days. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in TWLO. SouthState Corp grew its holdings in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after acquiring an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio in the 2nd quarter worth about $29,000. GAMMA Investing LLC raised its stake in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory purchased a new stake in shares of Twilio during the 2nd quarter worth about $45,000. Finally, HHM Wealth Advisors LLC lifted its holdings in shares of Twilio by 43.3% during the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after buying an additional 260 shares during the last quarter. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.