Northland Securities Forecasts Strong Price Appreciation for Twilio (NYSE:TWLO) Stock

Twilio (NYSE:TWLO) had its target price raised by equities research analysts at Northland Securities from $66.00 to $86.00 in a note issued to investors on Thursday, Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. Northland Securities’ price objective suggests a potential upside of 1.39% from the stock’s current price.

TWLO has been the topic of a number of other reports. UBS Group increased their price objective on shares of Twilio from $74.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday. Sanford C. Bernstein raised their price target on Twilio from $68.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, August 27th. TD Cowen boosted their price objective on Twilio from $70.00 to $85.00 and gave the company a “hold” rating in a report on Thursday. Wells Fargo & Company lifted their target price on Twilio from $65.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Barclays cut their price target on shares of Twilio from $70.00 to $65.00 and set an “equal weight” rating on the stock in a report on Monday, August 5th. Two research analysts have rated the stock with a sell rating, twelve have issued a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $79.55.

Twilio Price Performance

Shares of Twilio stock opened at $84.82 on Thursday. The stock has a market cap of $13.62 billion, a price-to-earnings ratio of -33.00, a price-to-earnings-growth ratio of 4.02 and a beta of 1.35. The company has a debt-to-equity ratio of 0.11, a quick ratio of 5.57 and a current ratio of 5.57. The stock has a 50 day moving average price of $65.80 and a 200-day moving average price of $61.12. Twilio has a one year low of $51.90 and a one year high of $85.59.

Twilio (NYSE:TWLO) last announced its earnings results on Thursday, August 1st. The technology company reported $0.87 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.17. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $1.06 billion. Twilio had a negative net margin of 10.65% and a positive return on equity of 0.83%. The business’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.23) earnings per share. Equities analysts expect that Twilio will post 0.54 EPS for the current year.

Insiders Place Their Bets

In other news, insider Dana Wagner sold 1,989 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total value of $120,712.41. Following the sale, the insider now directly owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Twilio news, CEO Khozema Shipchandler sold 11,044 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $66.19, for a total value of $731,002.36. Following the completion of the sale, the chief executive officer now owns 267,090 shares of the company’s stock, valued at approximately $17,678,687.10. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Dana Wagner sold 1,989 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $60.69, for a total transaction of $120,712.41. Following the transaction, the insider now owns 157,328 shares in the company, valued at approximately $9,548,236.32. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 51,906 shares of company stock worth $3,388,596. 4.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. J.W. Cole Advisors Inc. increased its holdings in shares of Twilio by 27.5% in the first quarter. J.W. Cole Advisors Inc. now owns 3,754 shares of the technology company’s stock valued at $230,000 after purchasing an additional 809 shares during the period. Private Advisor Group LLC boosted its holdings in shares of Twilio by 182.3% in the 1st quarter. Private Advisor Group LLC now owns 35,065 shares of the technology company’s stock valued at $2,144,000 after acquiring an additional 22,643 shares during the last quarter. Capstone Investment Advisors LLC acquired a new stake in shares of Twilio in the first quarter worth $2,031,000. Hussman Strategic Advisors Inc. purchased a new position in shares of Twilio during the first quarter worth $770,000. Finally, Greenwood Capital Associates LLC lifted its position in Twilio by 28.5% during the first quarter. Greenwood Capital Associates LLC now owns 8,089 shares of the technology company’s stock valued at $495,000 after purchasing an additional 1,792 shares during the period. 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.