Jefferies Financial Group Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLOGet Free Report) had its price target lifted by Jefferies Financial Group from $60.00 to $85.00 in a report released on Thursday, Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Jefferies Financial Group’s price target suggests a potential upside of 6.16% from the stock’s previous close.

Several other research firms have also recently weighed in on TWLO. Sanford C. Bernstein raised their price objective on shares of Twilio from $68.00 to $70.00 and gave the company a “market perform” rating in a research report on Tuesday, August 27th. Tigress Financial boosted their price objective on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research report on Friday, August 23rd. Piper Sandler increased their price objective on Twilio from $83.00 to $94.00 and gave the company an “overweight” rating in a research report on Thursday. JPMorgan Chase & Co. upped their price target on Twilio from $76.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Finally, Morgan Stanley lifted their price objective on Twilio from $70.00 to $77.00 and gave the stock an “equal weight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Twilio presently has a consensus rating of “Hold” and a consensus price target of $74.73.

View Our Latest Analysis on TWLO

Twilio Price Performance

Shares of TWLO traded up $9.50 on Thursday, hitting $80.07. The company’s stock had a trading volume of 3,386,507 shares, compared to its average volume of 2,609,587. The company has a 50 day moving average price of $64.88 and a 200 day moving average price of $60.80. Twilio has a fifty-two week low of $49.86 and a fifty-two week high of $83.28. The company has a market capitalization of $13.71 billion, a PE ratio of -20.25, a PEG ratio of 4.01 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.

Twilio (NYSE:TWLOGet Free Report) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping the consensus estimate 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 company had revenue of $1.08 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same quarter in the prior year, the business earned ($0.23) earnings per share. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. On average, research 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 591 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $60.87, for a total value 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. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Khozema Shipchandler sold 11,044 shares of the stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $66.19, for a total transaction of $731,002.36. Following the completion of the transaction, the chief executive officer now owns 267,090 shares in the company, valued at approximately $17,678,687.10. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Dana Wagner sold 591 shares of Twilio stock in a transaction on 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 sale, the insider now owns 156,737 shares in the company, valued at $9,540,581.19. 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 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.

Hedge Funds Weigh In On Twilio

Large investors have recently modified their holdings of the business. SouthState Corp increased its holdings in Twilio by 159.1% during the second quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after buying an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Twilio in the 2nd quarter valued at about $29,000. GAMMA Investing LLC lifted its stake in Twilio by 70.6% in the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after purchasing an additional 264 shares during the last quarter. Lynx Investment Advisory bought a new position in Twilio during the second quarter worth about $45,000. Finally, HHM Wealth Advisors LLC increased its position in Twilio by 43.3% during the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after buying an additional 260 shares during the last quarter. 84.27% of the stock is currently owned by institutional investors and hedge funds.

Twilio Company Profile

(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.

See Also

Analyst Recommendations for Twilio (NYSE:TWLO)

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