Twilio (NYSE:TWLO) Reaches New 12-Month High After Analyst Upgrade

Twilio Inc. (NYSE:TWLO)’s stock price hit a new 52-week high during trading on Thursday after Morgan Stanley raised their price target on the stock from $70.00 to $77.00. Morgan Stanley currently has an equal weight rating on the stock. Twilio traded as high as $81.97 and last traded at $81.13, with a volume of 818594 shares changing hands. The stock had previously closed at $70.57.

TWLO has been the subject of several other research reports. Tigress Financial raised their price objective 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. Barclays decreased their price objective on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating for the company in a research note on Monday, August 5th. Piper Sandler raised their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research note on Thursday. StockNews.com raised shares of Twilio from a “hold” rating to a “buy” rating in a research note on Friday, September 13th. Finally, Sanford C. Bernstein raised their price objective on shares of Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat.com, Twilio has an average rating of “Hold” and a consensus target price of $73.76.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 4,512 shares of the stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CFO Aidan Viggiano sold 6,682 shares of the business’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $65.54, for a total value of $437,938.28. Following the completion of the sale, the chief financial officer now directly owns 171,187 shares in the company, valued at $11,219,595.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Dana Wagner sold 4,512 shares of the business’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 value of $315,840.00. Following the completion of the sale, the insider now owns 146,803 shares of the company’s stock, valued at $10,276,210. 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 over the last three months. Company insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently made changes to their positions in TWLO. SouthState Corp boosted 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 acquiring an additional 307 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Twilio in the second quarter worth approximately $29,000. GAMMA Investing LLC boosted its stake in shares of Twilio by 70.6% in the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock worth $36,000 after acquiring an additional 264 shares during the last quarter. Lynx Investment Advisory acquired a new stake in shares of Twilio in the second quarter worth approximately $45,000. Finally, HHM Wealth Advisors LLC boosted its stake in shares of Twilio by 43.3% in the second quarter. HHM Wealth Advisors LLC now owns 860 shares of the technology company’s stock worth $49,000 after acquiring an additional 260 shares during the last quarter. 84.27% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Price Performance

The company has a debt-to-equity ratio of 0.11, a current ratio of 5.57 and a quick ratio of 5.57. The stock has a 50 day moving average price of $64.88 and a 200-day moving average price of $60.80. The stock has a market capitalization of $13.97 billion, a price-to-earnings ratio of -20.35, a price-to-earnings-growth ratio of 4.01 and a beta of 1.35.

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

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.