Wells Fargo & Company Raises Twilio (NYSE:TWLO) Price Target to $75.00

Twilio (NYSE:TWLO) had its price objective boosted by Wells Fargo & Company from $65.00 to $75.00 in a research note released on Friday morning, Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

Several other equities analysts also recently weighed in on TWLO. Barclays lowered their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Sanford C. Bernstein lifted their target price on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research note on Tuesday, August 27th. Piper Sandler reiterated an “overweight” rating and issued a $83.00 price target (up previously from $77.00) on shares of Twilio in a research note on Friday, August 2nd. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Finally, JPMorgan Chase & Co. increased their target price on Twilio from $76.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $71.48.

Twilio Trading Down 1.1 %

NYSE:TWLO opened at $70.47 on Friday. The firm has a market capitalization of $12.06 billion, a price-to-earnings ratio of -17.57, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The business has a fifty day moving average price of $64.27 and a 200-day moving average price of $60.59. Twilio has a one year low of $49.86 and a one year high of $78.16.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate of $0.70 by $0.17. The firm had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative return on equity of 0.22% and a negative net margin of 14.02%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.23) earnings per share. Sell-side analysts forecast that Twilio will post 0.54 EPS for the current year.

Insider Buying and Selling at Twilio

In other news, insider Dana Wagner sold 591 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $60.87, for a total transaction of $35,974.17. Following the transaction, the insider now owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, insider Dana Wagner sold 591 shares of Twilio stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total transaction of $35,974.17. Following the completion of the transaction, the insider now directly owns 156,737 shares of the company’s stock, valued at approximately $9,540,581.19. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Aidan Viggiano sold 6,682 shares of the stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $437,938.28. Following the completion of the sale, the chief financial officer now directly owns 171,187 shares in the company, valued at $11,219,595.98. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 51,906 shares of company stock worth $3,388,596 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently modified their holdings of TWLO. Blue Zone Wealth Advisors LLC lifted its position in shares of Twilio by 9.1% during the first quarter. Blue Zone Wealth Advisors LLC now owns 5,160 shares of the technology company’s stock worth $316,000 after purchasing an additional 432 shares during the last quarter. SteelPeak Wealth LLC boosted its position in Twilio by 75.5% in the 1st quarter. SteelPeak Wealth LLC now owns 7,808 shares of the technology company’s stock valued at $477,000 after buying an additional 3,360 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH bought a new position in Twilio in the 1st quarter worth about $3,726,000. Azzad Asset Management Inc. ADV grew its stake in Twilio by 15.1% in the 1st quarter. Azzad Asset Management Inc. ADV now owns 9,439 shares of the technology company’s stock worth $577,000 after acquiring an additional 1,238 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its position in shares of Twilio by 27.5% during the first quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company’s stock worth $230,000 after acquiring an additional 809 shares during the period. 84.27% of the stock is owned by institutional investors.

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.