Canaccord Genuity Raises Twilio (TWLO) Price Target to $90.00
Twilio (NYSE:TWLO) had its price target upped by Canaccord Genuity from $80.00 to $90.00 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has a buy rating on the technology company’s stock.
TWLO has been the topic of a number of other reports. DA Davidson initiated coverage on shares of Twilio in a research note on Tuesday, October 2nd. They issued a buy rating and a $99.00 price objective on the stock. JPMorgan Chase & Co. upped their price objective on shares of Twilio to $75.00 and gave the company an overweight rating in a research note on Tuesday, August 7th. JMP Securities upped their price objective on shares of Twilio from $76.00 to $86.00 and gave the company an outperform rating in a research note on Tuesday, September 4th. Mitsubishi UFJ Financial Group upped their price objective on shares of Twilio to $87.00 and gave the company an overweight rating in a research note on Wednesday. Finally, Oppenheimer increased their target price on shares of Twilio from $80.00 to $90.00 and gave the stock an outperform rating in a research note on Wednesday, August 22nd. One research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Twilio presently has a consensus rating of Buy and an average target price of $81.22.
NYSE:TWLO opened at $92.23 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20. Twilio has a 52 week low of $23.25 and a 52 week high of $98.89. The firm has a market capitalization of $9.37 billion, a PE ratio of -118.24 and a beta of 1.00.
In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the company’s stock in a transaction on Thursday, October 18th. The shares were sold at an average price of $71.67, for a total transaction of $1,492,886.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO George Hu sold 5,000 shares of the company’s stock in a transaction on Monday, August 13th. The stock was sold at an average price of $75.44, for a total transaction of $377,200.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 184,477 shares of company stock worth $14,711,857. 19.80% of the stock is owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Synovus Financial Corp acquired a new position in Twilio during the third quarter worth $129,000. Patton Albertson Miller Group LLC acquired a new position in Twilio during the third quarter worth $115,000. Catalyst Capital Advisors LLC acquired a new position in Twilio during the second quarter worth $112,000. BKS Advisors LLC acquired a new position in Twilio during the third quarter worth $208,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in Twilio by 154.5% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,672 shares of the technology company’s stock worth $214,000 after buying an additional 1,622 shares during the last quarter. Hedge funds and other institutional investors own 57.29% of the company’s stock.
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.
Recommended Story: Consumer behavior in bull markets
Receive News & Ratings for Twilio Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Twilio and related companies with MarketBeat.com's FREE daily email newsletter.