Robert W. Baird Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its target price boosted by Robert W. Baird from $65.00 to $80.00 in a research report report published on Friday morning, Benzinga reports. They currently have a neutral rating on the technology company’s stock.

Several other analysts have also recently weighed in on TWLO. JMP Securities restated a “market outperform” rating and set a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Barclays reduced their price target on Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Oppenheimer boosted their price target on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a report on Thursday. Sanford C. Bernstein boosted their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a report on Tuesday, August 27th. Finally, Tigress Financial boosted their price target on Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a report on Friday, August 23rd. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus price target of $79.55.

Twilio Stock Performance

Twilio stock traded up $4.19 during midday trading on Friday, reaching $84.84. The company’s stock had a trading volume of 6,734,191 shares, compared to its average volume of 2,036,454. Twilio has a 52 week low of $51.90 and a 52 week high of $85.59. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The business has a 50-day moving average price of $65.80 and a 200-day moving average price of $61.12.

Twilio (NYSE:TWLO) last released its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.17. Twilio had a positive return on equity of 0.83% and a negative net margin of 10.65%. The firm had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the previous year, the business posted ($0.23) earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. Analysts expect that Twilio will post 0.54 EPS for the current fiscal year.

Insider Transactions at Twilio

In other news, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $60.69, for a total transaction of $120,712.41. Following the transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Khozema Shipchandler sold 11,073 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.03, for a total value of $720,077.19. Following the completion of the sale, the chief executive officer now directly owns 278,134 shares of the company’s stock, valued at approximately $18,087,054.02. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Dana Wagner sold 1,989 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the completion of the sale, the insider now directly owns 157,328 shares of the company’s stock, valued at $9,548,236.32. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 51,906 shares of company stock valued at $3,388,596 over the last ninety days. 4.50% of the stock is owned by company insiders.

Institutional Investors Weigh In On Twilio

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Twilio by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 17,950,364 shares of the technology company’s stock valued at $1,097,665,000 after buying an additional 140,791 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Twilio by 11.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,260,155 shares of the technology company’s stock valued at $128,396,000 after buying an additional 224,040 shares during the last quarter. Kodai Capital Management LP raised its position in Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after buying an additional 761,356 shares during the last quarter. Point72 Asset Management L.P. grew its stake in Twilio by 30.4% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,334,500 shares of the technology company’s stock valued at $75,813,000 after purchasing an additional 311,481 shares during the period. Finally, AQR Capital Management LLC grew its stake in Twilio by 736.9% in the 2nd quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after purchasing an additional 1,006,391 shares during the period. 84.27% of the stock is owned by hedge funds and other 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.