Twilio (TWLO) Price Target Raised to $84.00

Twilio (NYSE:TWLO) had its target price increased by JPMorgan Chase & Co. to $84.00 in a research report released on Wednesday morning, The Fly reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other analysts have also recently commented on the stock. Piper Jaffray Companies reissued an overweight rating and set a $95.00 price target on shares of Twilio in a research note on Wednesday. Mitsubishi UFJ Financial Group increased their price target on shares of Twilio to $87.00 and gave the company an overweight rating in a research note on Wednesday. Zacks Investment Research raised shares of Twilio from a hold rating to a buy rating and set a $83.00 price target on the stock in a research note on Friday, October 12th. KeyCorp reissued a buy rating and set a $99.00 price target on shares of Twilio in a research note on Thursday, October 11th. Finally, Deutsche Bank began coverage on shares of Twilio in a research note on Monday, October 8th. They set a buy rating and a $88.00 price target on the stock. One research analyst has rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Twilio currently has a consensus rating of Buy and a consensus price target of $81.22.

Shares of Twilio stock opened at $92.23 on Wednesday. The company has a current ratio of 7.20, a quick ratio of 7.20 and a debt-to-equity ratio of 0.98. The stock has a market cap of $9.37 billion, a price-to-earnings ratio of -118.24 and a beta of 1.00. Twilio has a 1-year low of $23.25 and a 1-year high of $98.89.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.19) by $0.04. The firm had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $151.62 million. Twilio had a negative net margin of 16.70% and a negative return on equity of 19.56%. The company’s quarterly revenue was up 68.0% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.08) earnings per share. As a group, equities analysts anticipate that Twilio will post -0.77 EPS for the current year.

In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction that occurred on Tuesday, September 18th. The shares were sold at an average price of $85.72, for a total value of $1,785,547.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, General Counsel Karyn Smith sold 3,521 shares of the firm’s stock in a transaction that occurred on Thursday, October 18th. The shares were sold at an average price of $71.67, for a total transaction of $252,350.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 184,477 shares of company stock worth $14,711,857. Insiders own 19.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the business. Synovus Financial Corp bought a new position in Twilio in the third quarter valued at approximately $129,000. Patton Albertson Miller Group LLC bought a new position in Twilio in the third quarter valued at approximately $115,000. Catalyst Capital Advisors LLC bought a new position in Twilio in the second quarter valued at approximately $112,000. BKS Advisors LLC bought a new position in Twilio in the third quarter valued at approximately $208,000. Finally, DekaBank Deutsche Girozentrale boosted its stake in Twilio by 154.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 2,672 shares of the technology company’s stock valued at $214,000 after acquiring an additional 1,622 shares during the last quarter. 57.29% of the stock is currently owned by hedge funds and other institutional investors.

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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