Stifel Nicolaus Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target raised by investment analysts at Stifel Nicolaus from $130.00 to $135.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 6.35% from the company’s previous close.

A number of other research firms have also commented on TWLO. Baird R W raised Twilio from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 24th. The Goldman Sachs Group raised Twilio from a “neutral” rating to a “buy” rating and increased their price target for the company from $77.00 to $185.00 in a research report on Monday, January 27th. Tigress Financial increased their price target on Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. William Blair reissued an “outperform” rating on shares of Twilio in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on Twilio from $83.00 to $130.00 and gave the company an “overweight” rating in a research report on Friday, January 24th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $126.75.

Twilio Stock Down 13.8 %

Shares of NYSE:TWLO traded down $20.34 during trading on Friday, reaching $126.94. 9,601,823 shares of the stock were exchanged, compared to its average volume of 3,670,204. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a 1-year low of $52.51 and a 1-year high of $151.95. The stock has a fifty day moving average of $120.96 and a two-hundred day moving average of $89.74. The firm has a market cap of $19.47 billion, a price-to-earnings ratio of -49.39, a price-to-earnings-growth ratio of 3.60 and a beta of 1.43.

Twilio (NYSE:TWLO) last issued its earnings results on Thursday, February 13th. The technology company reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.77). Twilio had a positive return on equity of 0.85% and a negative net margin of 10.65%. Research analysts anticipate that Twilio will post 0.88 earnings per share for the current fiscal year.

Insider Buying and Selling at Twilio

In other Twilio news, CEO Khozema Shipchandler sold 10,834 shares of Twilio stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the completion of the transaction, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. The trade was a 4.24 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction on Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the completion of the transaction, the chief financial officer now owns 153,910 shares of the company’s stock, valued at $17,476,480.50. This represents a 4.08 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 22,015 shares of company stock worth $2,483,695. 4.50% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of TWLO. Integrated Wealth Concepts LLC increased its position in Twilio by 11.1% during the fourth quarter. Integrated Wealth Concepts LLC now owns 8,848 shares of the technology company’s stock valued at $956,000 after acquiring an additional 887 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new stake in Twilio during the fourth quarter valued at $3,783,000. Hood River Capital Management LLC purchased a new stake in Twilio during the fourth quarter valued at $7,518,000. MGO One Seven LLC purchased a new stake in Twilio during the fourth quarter valued at $2,079,000. Finally, Pinebridge Investments L.P. increased its position in Twilio by 13.9% during the fourth quarter. Pinebridge Investments L.P. now owns 102,264 shares of the technology company’s stock valued at $11,053,000 after acquiring an additional 12,475 shares during the last quarter. Hedge funds and other institutional investors own 84.27% of the company’s stock.

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.