Monness Crespi & Hardt Raises Twilio (NYSE:TWLO) Price Target to $152.00

Twilio (NYSE:TWLOGet Free Report) had its target price boosted by analysts at Monness Crespi & Hardt from $135.00 to $152.00 in a research report issued on Monday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the technology company’s stock. Monness Crespi & Hardt’s price target suggests a potential upside of 3.56% from the company’s previous close.

A number of other research analysts have also weighed in on TWLO. Wells Fargo & Company upped their price objective on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Northland Securities increased their price target on shares of Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. Jefferies Financial Group boosted their price objective on shares of Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a report on Thursday, October 31st. Oppenheimer increased their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, January 24th. Finally, Piper Sandler restated an “overweight” rating and issued a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday, January 24th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $119.25.

View Our Latest Research Report on TWLO

Twilio Price Performance

Shares of NYSE:TWLO opened at $146.77 on Monday. 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 company has a 50-day moving average price of $110.06 and a 200 day moving average price of $82.15. Twilio has a 52 week low of $52.51 and a 52 week high of $148.37. The company has a market cap of $22.51 billion, a P/E ratio of -57.11, a PEG ratio of 2.22 and a beta of 1.38.

Insider Buying and Selling

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $113.55, for a total transaction of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,527 shares of company stock worth $2,844,655. 4.50% of the stock is owned by company insiders.

Institutional Trading of Twilio

A number of institutional investors have recently modified their holdings of TWLO. Robeco Institutional Asset Management B.V. lifted its position in Twilio by 258.4% during the third quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock valued at $57,044,000 after buying an additional 630,627 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Twilio by 18.3% during the 3rd quarter. Pacer Advisors Inc. now owns 2,867,623 shares of the technology company’s stock valued at $187,026,000 after acquiring an additional 444,295 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Twilio by 50,490.1% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock valued at $26,066,000 after purchasing an additional 398,872 shares in the last quarter. KBC Group NV raised its position in Twilio by 1,138.4% in the fourth quarter. KBC Group NV now owns 281,174 shares of the technology company’s stock valued at $30,389,000 after purchasing an additional 258,469 shares during the period. Finally, Franklin Resources Inc. lifted its stake in shares of Twilio by 2,412.9% during the third quarter. Franklin Resources Inc. now owns 202,010 shares of the technology company’s stock worth $14,341,000 after purchasing an additional 193,971 shares in the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

Twilio Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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