Piper Sandler Boosts Twilio (NYSE:TWLO) Price Target to $475.00


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Twilio (NYSE:TWLO) had its price target upped by Piper Sandler from $365.00 to $475.00 in a research report report published on Monday morning, The Fly reports.

Other analysts also recently issued reports about the company. Royal Bank of Canada raised their target price on Twilio from $375.00 to $400.00 and gave the stock an outperform rating in a research report on Tuesday, October 27th. Zacks Investment Research upgraded Twilio from a sell rating to a hold rating and set a $360.00 price objective on the stock in a research note on Monday, December 14th. FBN Securities increased their target price on shares of Twilio from $340.00 to $360.00 in a research report on Monday, October 12th. Oppenheimer lifted their target price on shares of Twilio from $350.00 to $550.00 and gave the stock an outperform rating in a research note on Monday, November 16th. Finally, Cowen upped their price target on shares of Twilio from $310.00 to $350.00 and gave the company an outperform rating in a research note on Friday, October 2nd. Six analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Twilio has a consensus rating of Buy and an average target price of $336.96.

TWLO opened at $369.00 on Monday. Twilio has a fifty-two week low of $68.06 and a fifty-two week high of $381.95. The firm has a 50-day moving average of $340.80 and a 200 day moving average of $282.15. The company has a debt-to-equity ratio of 0.11, a quick ratio of 7.29 and a current ratio of 7.29. The firm has a market cap of $55.70 billion, a P/E ratio of -137.17 and a beta of 1.63.

Twilio (NYSE:TWLO) last released its earnings results on Monday, October 26th. The technology company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.08. Twilio had a negative net margin of 26.77% and a negative return on equity of 5.04%. The firm had revenue of $447.97 million for the quarter, compared to analysts’ expectations of $407.20 million. During the same period in the previous year, the company earned $0.03 earnings per share. The company’s quarterly revenue was up 51.8% on a year-over-year basis. Equities research analysts predict that Twilio will post -1.47 earnings per share for the current fiscal year.

In other news, CEO Jeff Lawson sold 49,500 shares of the business’s stock in a transaction that occurred on Monday, October 19th. The shares were sold at an average price of $333.69, for a total value of $16,517,655.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO George Hu sold 18,488 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were sold at an average price of $272.35, for a total transaction of $5,035,206.80. The disclosure for this sale can be found here. Insiders have sold a total of 179,584 shares of company stock worth $59,276,576 over the last quarter. Corporate insiders own 6.68% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of TWLO. Prudential Financial Inc. lifted its stake in shares of Twilio by 1.8% in the 2nd quarter. Prudential Financial Inc. now owns 4,413 shares of the technology company’s stock valued at $968,000 after purchasing an additional 80 shares during the period. American International Group Inc. lifted its holdings in shares of Twilio by 15.0% in the 2nd quarter. American International Group Inc. now owns 3,207 shares of the technology company’s stock worth $704,000 after acquiring an additional 418 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Twilio by 119.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 12,689 shares of the technology company’s stock worth $2,784,000 after acquiring an additional 6,916 shares during the last quarter. Captrust Financial Advisors purchased a new position in shares of Twilio during the 2nd quarter worth about $96,000. Finally, Private Advisor Group LLC grew its holdings in Twilio by 47.3% during the 2nd quarter. Private Advisor Group LLC now owns 7,201 shares of the technology company’s stock valued at $1,580,000 after purchasing an additional 2,312 shares during the last quarter. Institutional investors and hedge funds own 84.03% of the company’s stock.

Twilio Company Profile

Twilio Inc, together with its subsidiaries, provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. Its customer engagement platform provides a set of application programming interfaces that handle the higher level communication logic needed for nearly every type of customer engagement, as well as enable developers to embed voice, messaging, and video capabilities into their applications.

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