Twilio (NYSE:TWLO) Given New $86.00 Price Target at Northland Securities

Twilio (NYSE:TWLO) had its target price lifted by investment analysts at Northland Securities from $66.00 to $86.00 in a research note issued on Thursday, Benzinga reports. The firm presently 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 stock’s previous close.

A number of other equities research analysts have also recently issued reports on TWLO. Needham & Company LLC upped their target price on Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday. TD Cowen raised their price target on shares of Twilio from $70.00 to $85.00 and gave the stock a “hold” rating in a research report on Thursday. JMP Securities reissued a “market outperform” rating and issued a $110.00 price target on shares of Twilio in a report on Tuesday, October 8th. Barclays reduced their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a report on Monday, August 5th. Finally, Tigress Financial raised their price target on shares of Twilio from $75.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, August 23rd. Two investment 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. According to data from MarketBeat, Twilio has an average rating of “Hold” and a consensus target price of $77.64.

Twilio Trading Up 15.7 %

Shares of Twilio stock traded up $11.05 on Thursday, reaching $81.62. 6,699,151 shares of the company were exchanged, compared to its average volume of 2,625,287. 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 has a fifty-two week low of $49.86 and a fifty-two week high of $83.30. The firm has a market capitalization of $13.97 billion, a price-to-earnings ratio of -20.46, a price-to-earnings-growth ratio of 4.01 and a beta of 1.35. The stock has a fifty day moving average price of $64.88 and a 200-day moving average price of $60.80.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.17. Twilio had a negative net margin of 14.02% and a negative return on equity of 0.22%. The firm had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter last year, the business posted ($0.23) EPS. The company’s revenue was up 4.4% on a year-over-year basis. On average, analysts expect that Twilio will post 0.54 EPS for the current year.

Insiders Place Their Bets

In related news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction dated Monday, October 7th. The stock was sold at an average price of $70.00, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Aidan Viggiano sold 1,931 shares of the business’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $61.67, for a total transaction of $119,084.77. Following the transaction, the chief financial officer now directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 4,512 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $70.00, for a total value of $315,840.00. Following the sale, the insider now directly owns 146,803 shares of the company’s stock, valued at $10,276,210. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 51,906 shares of company stock valued at $3,388,596 in the last quarter. 4.50% of the stock is currently owned by insiders.

Institutional Trading of Twilio

Hedge funds have recently added to or reduced their stakes in the company. SouthState Corp grew its position in shares of 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 in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Twilio in the 2nd quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in shares of Twilio by 70.6% during the 2nd quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares in the last quarter. Lynx Investment Advisory bought a new position in Twilio in the second quarter valued at approximately $45,000. Finally, HHM Wealth Advisors LLC increased its stake in Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock valued at $49,000 after acquiring an additional 260 shares during the last quarter. 84.27% of the stock is owned by institutional investors and hedge funds.

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.