Twilio (NYSE:TWLO) Raised to “Buy” at Monness Crespi & Hardt

Twilio (NYSE:TWLO) was upgraded by investment analysts at Monness Crespi & Hardt from a “neutral” rating to a “buy” rating in a research note issued on Friday, Marketbeat.com reports. The firm presently has a $135.00 target price on the technology company’s stock. Monness Crespi & Hardt’s target price suggests a potential upside of 39.77% from the company’s previous close.

Several other equities analysts have also recently weighed in on the stock. Piper Sandler lifted their price objective on shares of Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Oppenheimer increased their price objective on Twilio from $85.00 to $90.00 and gave the stock an “outperform” rating in a research note on Thursday, October 31st. StockNews.com upgraded Twilio from a “hold” rating to a “buy” rating in a research report on Friday, September 13th. Needham & Company LLC increased their price target on shares of Twilio from $71.00 to $91.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group boosted their price objective on shares of Twilio from $67.00 to $77.00 and gave the company a “neutral” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $83.70.

Twilio Stock Performance

Shares of TWLO opened at $96.59 on Friday. The company has a 50-day moving average of $72.24 and a two-hundred day moving average of $63.47. The stock has a market cap of $14.81 billion, a price-to-earnings ratio of -37.56, a PEG ratio of 2.89 and a beta of 1.32. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06. Twilio has a one year low of $52.51 and a one year high of $101.00.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 1,931 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $61.67, for a total value of $119,084.77. Following the completion of the sale, the chief financial officer now owns 184,570 shares in the company, valued at approximately $11,382,431.90. This trade represents a 1.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.02, for a total value of $271,393.48. Following the transaction, the insider now owns 152,563 shares in the company, valued at $9,919,646.26. This represents a 2.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,468 shares of company stock valued at $3,509,830 in the last ninety days. Company insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

A number of hedge funds have recently made changes to their positions in TWLO. AQR Capital Management LLC increased its stake in Twilio by 736.9% in the second quarter. AQR Capital Management LLC now owns 1,142,967 shares of the technology company’s stock valued at $63,915,000 after acquiring an additional 1,006,391 shares during the period. Kodai Capital Management LP grew its stake in shares of Twilio by 70.0% in the 1st quarter. Kodai Capital Management LP now owns 1,849,513 shares of the technology company’s stock valued at $113,098,000 after purchasing an additional 761,356 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of Twilio by 258.4% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 874,647 shares of the technology company’s stock worth $57,044,000 after buying an additional 630,627 shares in the last quarter. Panagora Asset Management Inc. lifted its position in shares of Twilio by 286.3% during the 2nd quarter. Panagora Asset Management Inc. now owns 716,551 shares of the technology company’s stock worth $40,707,000 after buying an additional 531,075 shares during the period. Finally, Goldentree Asset Management LP acquired a new stake in Twilio in the 1st quarter valued at $31,745,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

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.