Twilio (NYSE:TWLO) Price Target Raised to $170.00

Twilio (NYSE:TWLO) had its price target increased by equities research analysts at Tigress Financial from $135.00 to $170.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Tigress Financial’s price objective suggests a potential upside of 49.37% from the company’s previous close.

TWLO has been the subject of several other reports. Oppenheimer raised their target price on shares of Twilio from $90.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, January 24th. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday, February 14th. UBS Group upped their target price on shares of Twilio from $145.00 to $175.00 and gave the company a “buy” rating in a report on Friday, February 14th. Stifel Nicolaus lifted their price target on Twilio from $130.00 to $135.00 and gave the stock a “hold” rating in a report on Friday, February 14th. Finally, Barclays boosted their price target on Twilio from $120.00 to $140.00 and gave the stock an “equal weight” rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $134.26.

Twilio Stock Down 3.6 %

TWLO stock traded down $4.21 during midday trading on Tuesday, hitting $113.81. The company’s stock had a trading volume of 1,234,127 shares, compared to its average volume of 3,902,800. The company’s fifty day moving average price is $122.21 and its 200 day moving average price is $93.21. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a twelve month low of $52.51 and a twelve month high of $151.95. The stock has a market capitalization of $17.46 billion, a P/E ratio of -177.83, a PEG ratio of 4.30 and a beta of 1.42.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a negative net margin of 2.45% and a positive return on equity of 1.38%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.19 billion. As a group, equities research analysts predict that Twilio will post 1.44 EPS for the current year.

Insider Buying and Selling at Twilio

In other Twilio news, CFO Aidan Viggiano sold 1,391 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.51, for a total value of $173,193.41. Following the sale, the chief financial officer now owns 152,519 shares of the company’s stock, valued at approximately $18,990,140.69. This trade represents a 0.90 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,629 shares of the business’s stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $110.00, for a total value of $509,190.00. Following the transaction, the insider now directly owns 125,576 shares of the company’s stock, valued at $13,813,360. This trade represents a 3.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,406 shares of company stock valued at $2,656,889 in the last ninety days. 4.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of hedge funds have recently made changes to their positions in TWLO. Arrowstreet Capital Limited Partnership lifted its stake in Twilio by 718.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,262,765 shares of the technology company’s stock valued at $352,640,000 after purchasing an additional 2,864,235 shares during the last quarter. Jericho Capital Asset Management L.P. acquired a new position in shares of Twilio during the fourth quarter worth $301,258,000. Norges Bank bought a new position in shares of Twilio in the 4th quarter valued at $222,146,000. Two Sigma Investments LP boosted its holdings in shares of Twilio by 1,292.9% during the 4th quarter. Two Sigma Investments LP now owns 1,129,725 shares of the technology company’s stock valued at $122,101,000 after acquiring an additional 1,048,619 shares in the last quarter. Finally, Whale Rock Capital Management LLC bought a new stake in Twilio during the 4th quarter worth $111,312,000. 84.27% of the stock is currently owned by institutional investors and hedge funds.

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.