Stifel Nicolaus Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its price target raised by Stifel Nicolaus from $130.00 to $135.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 6.35% from the stock’s previous close.

TWLO has been the topic of a number of other reports. Barclays boosted their target price on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday. 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. Monness Crespi & Hardt boosted their target price on Twilio from $135.00 to $152.00 and gave the stock a “buy” rating in a research report on Monday, January 27th. Jefferies Financial Group upped their price objective on Twilio from $105.00 to $145.00 and gave the company a “hold” rating in a research report on Friday. Finally, JMP Securities restated a “market outperform” rating and set a $165.00 price objective on shares of Twilio in a research report on Friday. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.75.

Twilio Stock Performance

NYSE:TWLO traded down $20.34 during mid-day trading on Friday, hitting $126.94. 9,601,823 shares of the company traded hands, compared to its average volume of 3,670,204. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of -49.39, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. 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’s fifty day moving average price is $120.96 and its 200-day moving average price is $89.74. Twilio has a one year low of $52.51 and a one year high of $151.95.

Twilio (NYSE:TWLO) last released its quarterly earnings data on Thursday, February 13th. The technology company reported $0.22 earnings per share 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%. Research analysts anticipate that Twilio will post 0.88 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Dana Wagner sold 4,629 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the sale, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. This represents a 3.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 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 approximately $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 22,015 shares of company stock valued at $2,483,695 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Arrowstreet Capital Limited Partnership increased its stake in shares of Twilio by 718.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock worth $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Norges Bank bought a new stake in Twilio in the 4th quarter valued at $222,146,000. Robeco Institutional Asset Management B.V. lifted its holdings in shares of Twilio by 258.4% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after acquiring an additional 630,627 shares during the period. Renaissance Technologies LLC bought a new position in shares of Twilio during the 4th quarter worth about $62,999,000. Finally, Schroder Investment Management Group lifted its holdings in Twilio by 3,999.9% during the 4th quarter. Schroder Investment Management Group now owns 521,882 shares of the technology company’s stock valued at $56,687,000 after purchasing an additional 509,153 shares during the last quarter. 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.