UBS Group Raises Twilio (NYSE:TWLO) Price Target to $175.00

Twilio (NYSE:TWLO) had its price objective increased by analysts at UBS Group from $145.00 to $175.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. UBS Group’s target price points to a potential upside of 39.55% from the stock’s current price.

A number of other research firms have also commented on TWLO. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and raised their price target for the stock from $77.00 to $185.00 in a report on Monday, January 27th. Monness Crespi & Hardt raised their price target on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a report on Monday, January 27th. Piper Sandler reissued an “overweight” rating and set a $142.00 price objective (up previously from $94.00) on shares of Twilio in a research note on Friday, January 24th. William Blair restated an “outperform” rating on shares of Twilio in a research report on Friday. Finally, Northland Securities boosted their target price on Twilio from $66.00 to $86.00 and gave the stock a “market perform” rating in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has issued 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 an average price target of $130.91.

Twilio Price Performance

Shares of NYSE TWLO opened at $125.41 on Friday. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a fifty day simple moving average of $121.20 and a two-hundred day simple moving average of $90.21. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The firm has a market cap of $19.23 billion, a price-to-earnings ratio of -48.80, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43.

Twilio (NYSE:TWLO) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.19 billion. Analysts anticipate that Twilio will post 0.88 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the sale, the insider now owns 125,576 shares of the company’s stock, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 22,015 shares of company stock valued at $2,483,695 over the last 90 days. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of hedge funds and other institutional investors have recently modified their holdings of TWLO. Ritholtz Wealth Management bought a new position in Twilio during the 4th quarter valued at approximately $344,000. KBC Group NV raised its position in Twilio by 67.4% during the 3rd quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock valued at $1,481,000 after purchasing an additional 9,140 shares during the last quarter. Bleakley Financial Group LLC bought a new position in Twilio during the 4th quarter valued at approximately $230,000. Zacks Investment Management bought a new position in Twilio during the 3rd quarter valued at approximately $3,386,000. Finally, Wealth Enhancement Advisory Services LLC raised its position in Twilio by 167.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock valued at $953,000 after purchasing an additional 9,141 shares during the last quarter. Institutional investors own 84.27% of the company’s stock.

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.