Twilio (NYSE:TWLO) Price Target Raised to $245.00

Twilio (NYSE:TWLO) had its price target lifted by BTIG Research from $215.00 to $245.00 in a report released on Tuesday, Marketbeat Ratings reports. BTIG Research currently has a buy rating on the technology company’s stock.

A number of other analysts have also recently weighed in on the company. Bank of America raised Twilio from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $190.00 in a research report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating and set a $195.00 price target on shares of Twilio in a research note on Friday, May 1st. Rosenblatt Securities reaffirmed a “buy” rating and set a $230.00 price target on shares of Twilio in a report on Thursday, June 18th. Mizuho lifted their price objective on shares of Twilio from $200.00 to $240.00 and gave the company an “outperform” rating in a research report on Friday, July 17th. Finally, KeyCorp boosted their price objective on shares of Twilio from $156.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, nineteen have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $220.59.

Twilio Price Performance

Shares of TWLO opened at $191.17 on Tuesday. Twilio has a fifty-two week low of $91.84 and a fifty-two week high of $238.48. The company has a market capitalization of $29.01 billion, a price-to-earnings ratio of 298.71, a price-to-earnings-growth ratio of 3.75 and a beta of 1.36. The firm has a 50-day simple moving average of $201.92 and a 200-day simple moving average of $158.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 4.66 and a current ratio of 4.66.

Twilio (NYSE:TWLO) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.23. The firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Twilio had a return on equity of 4.64% and a net margin of 1.96%.The firm’s revenue for the quarter was up 20.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.14 EPS. On average, equities research analysts anticipate that Twilio will post 2.79 earnings per share for the current year.

Insider Transactions at Twilio

In related news, Director Erika Rottenberg sold 2,000 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $199.01, for a total value of $398,020.00. Following the sale, the director directly owned 30,995 shares of the company’s stock, valued at approximately $6,168,314.95. This represents a 6.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Khozema Shipchandler sold 44,158 shares of the firm’s stock in a transaction dated Thursday, June 4th. The shares were sold at an average price of $235.88, for a total transaction of $10,415,989.04. Following the transaction, the chief executive officer owned 235,542 shares of the company’s stock, valued at $55,559,646.96. This trade represents a 15.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 1,803,980 shares of company stock worth $341,898,467. Corporate insiders own 0.21% of the company’s stock.

Institutional Trading of Twilio

Several institutional investors and hedge funds have recently modified their holdings of the business. New York State Teachers Retirement System raised its stake in Twilio by 10.8% in the 4th quarter. New York State Teachers Retirement System now owns 116,494 shares of the technology company’s stock valued at $16,570,000 after purchasing an additional 11,370 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of Twilio by 339.6% during the 4th quarter. Fifth Third Bancorp now owns 14,024 shares of the technology company’s stock worth $1,995,000 after purchasing an additional 10,834 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Twilio by 19.7% during the fourth quarter. Principal Financial Group Inc. now owns 596,438 shares of the technology company’s stock worth $84,837,000 after buying an additional 98,092 shares in the last quarter. National Pension Service grew its holdings in shares of Twilio by 184.4% during the fourth quarter. National Pension Service now owns 18,545 shares of the technology company’s stock worth $2,638,000 after buying an additional 12,025 shares in the last quarter. Finally, Jefferies Financial Group Inc. purchased a new stake in shares of Twilio during the fourth quarter worth about $895,000. Hedge funds and other institutional investors own 84.27% of the company’s stock.

About Twilio

Twilio Inc (NYSE: TWLO) is a cloud communications platform-as-a-service (CPaaS) company that enables developers and enterprises to embed communications into web and mobile applications. Its core offering is a suite of programmable APIs that handle messaging (SMS, MMS, and chat), voice calling, video, and user authentication. Twilio’s platform is designed to help businesses build customer engagement and communication workflows without managing telecommunications infrastructure directly.

The company’s product portfolio includes programmable voice and messaging APIs, Twilio Video for real‑time video applications, and Twilio Authy for multi‑factor authentication.