Monness Crespi & Hardt Issues Positive Forecast for Twilio (NYSE:TWLO) Stock Price

Twilio (NYSE:TWLO) had its price target hoisted by stock analysts at Monness Crespi & Hardt from $135.00 to $152.00 in a report released on Monday,Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the technology company’s stock. Monness Crespi & Hardt’s price objective points to a potential upside of 11.78% from the stock’s current price.

Other analysts have also issued reports about the stock. William Blair reissued an “outperform” rating on shares of Twilio in a research note on Friday. Barclays boosted their target price on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a research report on Friday, November 1st. Jefferies Financial Group lifted their price target on Twilio from $60.00 to $85.00 and gave the stock a “hold” rating in a research note on Thursday, October 31st. Piper Sandler restated an “overweight” rating and set a $142.00 price target (up previously from $94.00) on shares of Twilio in a report on Friday. Finally, Wells Fargo & Company lifted their price objective on shares of Twilio from $140.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday. Two equities research 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $116.17.

Twilio Price Performance

Shares of Twilio stock opened at $135.98 on Monday. Twilio has a 52 week low of $52.51 and a 52 week high of $141.40. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market cap of $20.86 billion, a PE ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The company’s 50-day moving average price is $109.20 and its two-hundred day moving average price is $81.40.

Insider Transactions at Twilio

In other Twilio news, insider Dana Wagner sold 4,512 shares of Twilio stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $80.00, for a total transaction of $360,960.00. Following the completion of the transaction, the insider now directly owns 142,291 shares of the company’s stock, valued at approximately $11,383,280. This trade represents a 3.07 % 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 this link. Also, CFO Aidan Viggiano sold 6,552 shares of the business’s stock in a transaction that occurred 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 directly owns 153,910 shares in the company, valued at $17,476,480.50. The trade was a 4.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,527 shares of company stock worth $2,844,655. Insiders own 4.50% of the company’s stock.

Institutional Trading of Twilio

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tidal Investments LLC lifted its stake in Twilio by 0.6% in the third quarter. Tidal Investments LLC now owns 17,666 shares of the technology company’s stock valued at $1,152,000 after buying an additional 112 shares in the last quarter. Covestor Ltd lifted its position in Twilio by 16.7% in the 3rd quarter. Covestor Ltd now owns 1,033 shares of the technology company’s stock valued at $67,000 after acquiring an additional 148 shares in the last quarter. GAMMA Investing LLC boosted its stake in Twilio by 25.0% in the 4th quarter. GAMMA Investing LLC now owns 849 shares of the technology company’s stock worth $92,000 after purchasing an additional 170 shares during the period. Metis Global Partners LLC increased its holdings in Twilio by 2.5% during the 3rd quarter. Metis Global Partners LLC now owns 7,324 shares of the technology company’s stock worth $478,000 after purchasing an additional 182 shares in the last quarter. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Twilio by 2.4% in the 4th quarter. Carolina Wealth Advisors LLC now owns 9,027 shares of the technology company’s stock valued at $976,000 after purchasing an additional 208 shares during the period. 84.27% of the stock is owned by institutional investors.

About Twilio

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.