Twilio (NYSE:TWLO) Stock Price Expected to Rise, Barclays Analyst Says

Twilio (NYSE:TWLO) had its price objective upped by Barclays from $120.00 to $140.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Barclays‘s price target indicates a potential upside of 13.46% from the company’s previous close.

Other research analysts also recently issued research reports about the stock. TD Cowen boosted their target price on shares of Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, October 31st. Wells Fargo & Company increased their price target on Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a report on Friday, January 24th. Baird R W upgraded Twilio from a “hold” rating to a “strong-buy” rating in a report on Friday, January 24th. William Blair reiterated an “outperform” rating on shares of Twilio in a report on Friday. Finally, Stifel Nicolaus lifted their price target on shares of Twilio from $110.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, January 24th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $124.25.

Twilio Price Performance

Shares of NYSE TWLO traded down $23.89 during mid-day trading on Friday, hitting $123.39. 7,204,867 shares of the stock traded hands, compared to its average volume of 3,559,275. The company has a market cap of $18.93 billion, a PE ratio of -48.01, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43. Twilio has a twelve month low of $52.51 and a twelve month high of $151.95. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50 day simple moving average of $120.96 and a two-hundred day simple moving average of $89.74.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, February 13th. The technology company reported $0.22 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.77). Twilio had a negative net margin of 10.65% and a positive return on equity of 0.85%. As a group, equities research analysts forecast that Twilio will post 0.88 EPS for the current fiscal year.

Insider Buying and Selling at Twilio

In related 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 sale, the insider now directly owns 125,576 shares in the company, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now owns 244,971 shares of the company’s stock, valued at $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 22,015 shares of company stock worth $2,483,695 over the last three months. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

A number of institutional investors have recently modified their holdings of the business. Creative Planning boosted its holdings in shares of Twilio by 15.4% in the third quarter. Creative Planning now owns 32,451 shares of the technology company’s stock worth $2,116,000 after acquiring an additional 4,322 shares during the period. Probity Advisors Inc. bought a new stake in shares of Twilio during the third quarter valued at about $234,000. Raymond James & Associates increased its position in shares of Twilio by 235.4% during the third quarter. Raymond James & Associates now owns 77,386 shares of the technology company’s stock valued at $5,047,000 after buying an additional 54,310 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of Twilio by 50,490.1% in the third quarter. Allspring Global Investments Holdings LLC now owns 399,662 shares of the technology company’s stock worth $26,066,000 after buying an additional 398,872 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of Twilio by 9,679.5% in the third quarter. International Assets Investment Management LLC now owns 89,091 shares of the technology company’s stock valued at $5,811,000 after acquiring an additional 88,180 shares during the period. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

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.