Twilio (NYSE:TWLO) Price Target Raised to $135.00 at Scotiabank

Twilio (NYSE:TWLO) had its target price lifted by equities research analysts at Scotiabank from $130.00 to $135.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the technology company’s stock. Scotiabank’s price objective indicates a potential upside of 34.85% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Piper Sandler reiterated an “overweight” rating and set a $142.00 price objective (up from $94.00) on shares of Twilio in a research note on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and set a $165.00 price target on shares of Twilio in a research report on Tuesday, April 29th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and raised their price objective for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Wells Fargo & Company decreased their target price on Twilio from $160.00 to $120.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Finally, StockNews.com downgraded Twilio from a “buy” rating to a “hold” rating in a report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $121.13.

Twilio Stock Up 2.3 %

Shares of NYSE TWLO opened at $100.11 on Friday. 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 stock has a market capitalization of $15.28 billion, a PE ratio of -156.42, a P/E/G ratio of 4.30 and a beta of 1.44. The firm has a fifty day moving average of $97.36 and a 200-day moving average of $105.12. Twilio has a 52-week low of $52.51 and a 52-week high of $151.95.

Twilio (NYSE:TWLO) last announced its quarterly earnings results on Thursday, May 1st. The technology company reported $1.14 EPS for the quarter, topping the consensus estimate of $0.92 by $0.22. The company had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.14 billion. Twilio had a positive return on equity of 1.38% and a negative net margin of 2.45%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts anticipate that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling

In related news, CFO Aidan Viggiano sold 7,524 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of $95.88, for a total transaction of $721,401.12. Following the completion of the transaction, the chief financial officer now owns 176,640 shares in the company, valued at $16,936,243.20. The trade was a 4.09 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Khozema Shipchandler sold 12,056 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $95.88, for a total transaction of $1,155,929.28. Following the transaction, the chief executive officer now directly owns 295,134 shares of the company’s stock, valued at $28,297,447.92. The trade was a 3.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,471 shares of company stock worth $2,344,149. Corporate insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several hedge funds have recently added to or reduced their stakes in TWLO. LRI Investments LLC acquired a new position in shares of Twilio during the first quarter valued at $25,000. Financial Gravity Asset Management Inc. bought a new position in Twilio in the 1st quarter valued at about $28,000. Cloud Capital Management LLC acquired a new position in Twilio during the 1st quarter valued at about $34,000. UMB Bank n.a. bought a new stake in shares of Twilio during the 1st quarter worth about $37,000. Finally, CX Institutional acquired a new stake in shares of Twilio in the 1st quarter worth approximately $39,000. Institutional investors 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.