Brokerages Set Twilio Inc. (NYSE:TWLO) PT at $90.35

Shares of Twilio Inc. (NYSE:TWLO) have been given an average rating of “Hold” by the twenty-three research firms that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, eleven have assigned a hold recommendation and ten have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $91.22.

Several equities research analysts recently commented on TWLO shares. Wells Fargo & Company boosted their price objective on shares of Twilio from $120.00 to $140.00 and gave the stock an “overweight” rating in a research report on Thursday. UBS Group upped their price target on shares of Twilio from $74.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Stifel Nicolaus increased their price target on shares of Twilio from $80.00 to $110.00 and gave the company a “hold” rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their price objective on Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research report on Friday, November 1st. Finally, Mizuho increased their target price on Twilio from $70.00 to $85.00 and gave the company a “neutral” rating in a report on Friday, December 13th.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the sale, the insider now owns 142,291 shares in the company, valued at approximately $11,383,280. The trade was a 3.07 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp raised its holdings in shares of Twilio by 57.1% during the 2nd quarter. Van ECK Associates Corp now owns 4,667 shares of the technology company’s stock valued at $265,000 after buying an additional 1,696 shares during the period. CIBC Asset Management Inc raised its stake in shares of Twilio by 6.6% during the second quarter. CIBC Asset Management Inc now owns 6,096 shares of the technology company’s stock valued at $346,000 after purchasing an additional 375 shares during the period. Foundations Investment Advisors LLC lifted its position in shares of Twilio by 40.0% during the second quarter. Foundations Investment Advisors LLC now owns 8,730 shares of the technology company’s stock worth $496,000 after purchasing an additional 2,494 shares in the last quarter. SouthState Corp boosted its stake in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock valued at $28,000 after purchasing an additional 307 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Twilio by 21.0% during the 2nd quarter. Victory Capital Management Inc. now owns 27,431 shares of the technology company’s stock valued at $1,558,000 after purchasing an additional 4,753 shares in the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

Twilio Stock Up 3.7 %

TWLO opened at $113.09 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 5.06 and a current ratio of 5.06. The company has a market cap of $17.35 billion, a price-to-earnings ratio of -44.00, a PEG ratio of 3.26 and a beta of 1.38. Twilio has a one year low of $52.51 and a one year high of $116.43. The business’s fifty day moving average is $101.55 and its two-hundred day moving average is $75.55.

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.