Piper Sandler Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target boosted by Piper Sandler from $83.00 to $94.00 in a report issued on Thursday morning, Benzinga reports. Piper Sandler currently has an overweight rating on the technology company’s stock.

TWLO has been the topic of several other reports. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Oppenheimer upped their target price on shares of Twilio from $65.00 to $85.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Sanford C. Bernstein raised their price target 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. Barclays decreased their price objective on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a research report on Monday, August 5th. Finally, Wells Fargo & Company boosted their target price on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $78.64.

Twilio Stock Performance

Twilio stock traded up $2.59 on Thursday, reaching $83.24. 1,293,041 shares of the stock were exchanged, compared to its average volume of 2,627,884. Twilio has a twelve month low of $51.90 and a twelve month high of $83.58. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock has a market cap of $13.37 billion, a PE ratio of -31.44, a PEG ratio of 4.02 and a beta of 1.35. The firm has a fifty day moving average price of $65.32 and a two-hundred day moving average price of $60.94.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The company had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. Twilio’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.23) earnings per share. Sell-side analysts anticipate that Twilio will post 0.54 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the sale, the insider now owns 146,803 shares in the company, valued at $10,276,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Aidan Viggiano sold 1,931 shares of the firm’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total transaction of $119,084.77. Following the completion of the sale, the chief financial officer now owns 184,570 shares of the company’s stock, valued at $11,382,431.90. 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 corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Twilio by 0.8% in the first quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after purchasing an additional 140,791 shares during the last quarter. Susquehanna Fundamental Investments LLC boosted its holdings in shares of Twilio by 78.2% during the second quarter. Susquehanna Fundamental Investments LLC now owns 71,134 shares of the technology company’s stock worth $4,041,000 after acquiring an additional 31,227 shares during the period. State Board of Administration of Florida Retirement System grew its position in shares of Twilio by 9.3% in the first quarter. State Board of Administration of Florida Retirement System now owns 210,886 shares of the technology company’s stock valued at $14,051,000 after purchasing an additional 17,856 shares during the last quarter. Farmers Trust Co. boosted its stake in Twilio by 58.1% in the 3rd quarter. Farmers Trust Co. now owns 57,143 shares of the technology company’s stock valued at $3,727,000 after purchasing an additional 21,001 shares during the period. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Twilio by 13.7% in the first quarter. CANADA LIFE ASSURANCE Co now owns 176,139 shares of the technology company’s stock valued at $10,770,000 after acquiring an additional 21,245 shares during the period. 84.27% of the stock is owned by institutional investors and hedge funds.

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.