Twilio (NYSE:TWLO) Price Target Raised to $85.00 at Mizuho

Twilio (NYSE:TWLO) had its target price lifted by equities researchers at Mizuho from $70.00 to $85.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. Mizuho’s price target points to a potential downside of 24.77% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. Tigress Financial increased their price target on Twilio from $85.00 to $135.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. JPMorgan Chase & Co. increased their target price on Twilio from $78.00 to $83.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Needham & Company LLC lifted their target price on Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Piper Sandler upped their price target on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group increased their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $86.52.

Twilio Stock Down 1.7 %

Twilio stock opened at $112.98 on Friday. Twilio has a 12-month low of $52.51 and a 12-month high of $116.43. The firm has a 50 day moving average of $89.77 and a 200 day moving average of $69.84. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Buying and Selling at Twilio

In other Twilio news, insider Dana Wagner sold 1,248 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total transaction of $81,793.92. Following the completion of the transaction, the insider now owns 151,315 shares in the company, valued at $9,917,185.10. The trade was a 0.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Aidan Viggiano sold 6,682 shares of the company’s stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $65.54, for a total value of $437,938.28. Following the completion of the transaction, the chief financial officer now directly owns 171,187 shares in the company, valued at $11,219,595.98. This trade represents a 3.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 54,575 shares of company stock worth $3,863,961 over the last ninety days. Company insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TWLO. Comerica Bank boosted its holdings in shares of Twilio by 23.9% in the 1st quarter. Comerica Bank now owns 5,233 shares of the technology company’s stock valued at $320,000 after buying an additional 1,008 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Twilio by 8.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 5,471 shares of the technology company’s stock worth $311,000 after purchasing an additional 448 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Twilio by 197.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 26,520 shares of the technology company’s stock valued at $1,507,000 after purchasing an additional 17,602 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of Twilio by 831.4% in the second quarter. Blue Trust Inc. now owns 1,304 shares of the technology company’s stock worth $80,000 after buying an additional 1,164 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new stake in shares of Twilio during the second quarter valued at $2,540,000. 84.27% of the stock is currently 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.