Robert W. Baird Increases Twilio (NYSE:TWLO) Price Target to $80.00

by · The Cerbat Gem

Twilio (NYSE:TWLO – Get Free Report) had its target price lifted by research analysts at Robert W. Baird from $65.00 to $80.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Robert W. Baird’s target price suggests a potential downside of 1.00% from the company’s previous close.

Several other research analysts have also recently weighed in on TWLO. TD Cowen lifted their price target on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research report on Thursday. Morgan Stanley upped their price target on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a report on Thursday. The Goldman Sachs Group boosted their price objective on Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Piper Sandler lifted their price target on shares of Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research note on Thursday. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $78.64.

Check Out Our Latest Research Report on TWLO

Twilio Stock Performance

Shares of NYSE TWLO opened at $80.81 on Friday. The stock has a market cap of $12.98 billion, a price-to-earnings ratio of -31.44, a PEG ratio of 4.02 and a beta of 1.35. Twilio has a 12 month low of $51.90 and a 12 month high of $83.30. The company has a 50 day simple moving average of $65.32 and a two-hundred day simple moving average of $60.94. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO – Get Free Report) last posted 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. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.23) earnings per share. As a group, analysts predict that Twilio will post 0.54 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 4,512 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total transaction of $315,840.00. Following the completion of the transaction, the insider now directly owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Twilio news, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $70.00, for a total transaction of $315,840.00. Following the sale, the insider now owns 146,803 shares of the company’s stock, valued at approximately $10,276,210. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Aidan Viggiano sold 1,961 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 transaction of $119,013.09. Following the completion of the transaction, the chief financial officer now directly owns 186,501 shares in the company, valued at $11,318,745.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 51,906 shares of company stock worth $3,388,596 in the last 90 days. Corporate 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 added to or reduced their stakes in TWLO. SouthState Corp grew its position in Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC raised its stake in Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory acquired a new stake in Twilio during the 2nd quarter worth approximately $45,000. Finally, HHM Wealth Advisors LLC grew its stake in shares of Twilio by 43.3% in the 2nd quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after purchasing an additional 260 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

About Twilio

(Get Free Report)

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.

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