Twilio (NYSE:TWLO) Price Target Raised to $75.00

Twilio (NYSE:TWLO) had its price target raised by Bank of America from $63.00 to $75.00 in a report released on Tuesday, August 7th, MarketBeat Ratings reports. The firm currently has a “buy” rating on the technology company’s stock. Bank of America’s target price indicates a potential downside of 7.02% from the stock’s current price.

TWLO has been the topic of several other research reports. Piper Jaffray Companies reissued a “buy” rating and set a $85.00 price objective on shares of Twilio in a research note on Tuesday, August 7th. JPMorgan Chase & Co. lifted their price objective on shares of Twilio to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 7th. Northland Securities reaffirmed a “buy” rating and issued a $75.00 price target on shares of Twilio in a research note on Tuesday, August 7th. Oppenheimer lifted their price target on shares of Twilio from $60.00 to $80.00 and gave the company an “outperform” rating in a research note on Tuesday, August 7th. Finally, Robert W. Baird lifted their price objective on shares of Twilio from $50.00 to $82.00 and gave the company an “outperform” rating in a report on Tuesday, August 7th. Four research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $67.10.

Shares of Twilio stock traded up $0.67 during mid-day trading on Tuesday, reaching $80.66. 927,100 shares of the stock were exchanged, compared to its average volume of 2,252,796. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 0.98. The stock has a market capitalization of $7.82 billion, a P/E ratio of -103.24 and a beta of -0.26. Twilio has a fifty-two week low of $23.25 and a fifty-two week high of $82.78.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Monday, August 6th. The technology company reported $0.03 earnings per share for the quarter, beating the consensus estimate of ($0.06) by $0.09. The firm had revenue of $147.80 million during the quarter, compared to analysts’ expectations of $130.39 million. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. equities analysts anticipate that Twilio will post -0.78 earnings per share for the current year.

In related news, COO George Hu sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $60.02, for a total transaction of $600,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Karyn Smith sold 3,520 shares of the company’s stock in a transaction dated Tuesday, June 19th. The stock was sold at an average price of $59.43, for a total transaction of $209,193.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 166,662 shares of company stock worth $10,947,569. Corporate insiders own 19.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Catalyst Capital Advisors LLC acquired a new position in Twilio during the second quarter worth about $112,000. Cerebellum GP LLC acquired a new position in Twilio during the second quarter worth about $161,000. Tower Research Capital LLC TRC acquired a new position in Twilio during the second quarter worth about $182,000. M Holdings Securities Inc. acquired a new position in Twilio during the second quarter worth about $209,000. Finally, Global X Management Co LLC acquired a new position in Twilio during the second quarter worth about $210,000. 57.58% of the stock is owned by institutional investors and hedge funds.

About Twilio

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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