Northland Securities Increases Twilio (NYSE:TWLO) Price Target to $86.00

by · The Cerbat Gem

Twilio (NYSE:TWLO – Get Free Report) had its target price upped by research analysts at Northland Securities from $66.00 to $86.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “market perform” rating on the technology company’s stock. Northland Securities’ target price points to a potential upside of 5.37% from the company’s previous close.

A number of other equities analysts also recently issued reports on the company. Needham & Company LLC increased their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research note on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $110.00 price target on shares of Twilio in a research note on Tuesday, October 8th. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $78.00 to $83.00 and gave the company an “overweight” rating in a research note on Thursday. Oppenheimer increased their target price on shares of Twilio from $85.00 to $90.00 and gave the company an “outperform” rating in a report on Thursday. Finally, Mizuho boosted their price target on Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a research note on Thursday. Two 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. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $77.64.

Read Our Latest Stock Report on TWLO

Twilio Stock Up 15.7 %

NYSE:TWLO traded up $11.05 during midday trading on Thursday, reaching $81.62. The company had a trading volume of 6,699,151 shares, compared to its average volume of 2,625,287. Twilio has a 12-month low of $49.86 and a 12-month high of $83.30. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of -20.46, a PEG ratio of 4.01 and a beta of 1.35. The company has a current ratio of 5.57, a quick ratio of 5.57 and a debt-to-equity ratio of 0.11. The stock’s fifty day simple moving average is $64.88 and its 200-day simple moving average is $60.80.

Twilio (NYSE:TWLO – Get Free Report) last announced 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 negative return on equity of 0.22% and a negative net margin of 14.02%. The firm had revenue of $1.08 billion during the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the prior year, the firm earned ($0.23) EPS. The business’s revenue was up 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that Twilio will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction that occurred 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 transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other news, insider Dana Wagner sold 1,989 shares of Twilio stock in a transaction dated 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 transaction, the insider now directly owns 157,328 shares of the company’s stock, valued at approximately $9,548,236.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Aidan Viggiano sold 1,931 shares of the company’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total value of $119,084.77. Following the transaction, the chief financial officer now owns 184,570 shares of the company’s stock, valued at approximately $11,382,431.90. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 51,906 shares of company stock valued at $3,388,596. 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 the business. SouthState Corp grew its stake in shares of Twilio by 159.1% in the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after purchasing an additional 307 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio during the second quarter valued at approximately $29,000. GAMMA Investing LLC raised its holdings in Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after purchasing an additional 264 shares in the last quarter. Lynx Investment Advisory acquired a new stake in Twilio in the second quarter worth approximately $45,000. Finally, HHM Wealth Advisors LLC boosted its stake in Twilio by 43.3% during 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 in the last quarter. 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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