Twilio (NYSE:TWLO) Stock Price Expected to Rise, Scotiabank Analyst Says

Twilio (NYSE:TWLO) had its price objective hoisted by equities research analysts at Scotiabank from $90.00 to $160.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “sector outperform” rating on the technology company’s stock. Scotiabank’s price target would indicate a potential upside of 17.67% from the company’s current price.

TWLO has been the topic of a number of other research reports. Mizuho increased their price objective on Twilio from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. raised their price objective on shares of Twilio from $83.00 to $130.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC upped their target price on shares of Twilio from $71.00 to $91.00 and gave the company a “buy” rating in a report on Thursday, October 31st. Monness Crespi & Hardt upgraded shares of Twilio from a “neutral” rating to a “buy” rating and set a $135.00 price target on the stock in a research note on Friday, November 15th. Finally, Tigress Financial boosted their price target on shares of Twilio from $85.00 to $135.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Twilio currently has an average rating of “Moderate Buy” and a consensus price target of $110.96.

Twilio Stock Up 19.9 %

Shares of Twilio stock traded up $22.58 during trading on Friday, hitting $135.98. 17,467,457 shares of the stock were exchanged, compared to its average volume of 3,267,216. The stock has a market cap of $20.86 billion, a price-to-earnings ratio of -52.91, a price-to-earnings-growth ratio of 2.22 and a beta of 1.38. The firm’s 50-day moving average price is $108.41 and its 200 day moving average price is $80.68. 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 12-month low of $52.51 and a 12-month high of $141.40.

Insider Transactions at Twilio

In other Twilio news, CFO Aidan Viggiano sold 6,552 shares of the firm’s stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $113.55, for a total value of $743,979.60. Following the sale, the chief financial officer now directly owns 153,910 shares of the company’s stock, valued at approximately $17,476,480.50. This trade represents a 4.08 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Khozema Shipchandler sold 10,834 shares of the company’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $113.58, for a total transaction of $1,230,525.72. Following the transaction, the chief executive officer now directly owns 244,971 shares of the company’s stock, valued at approximately $27,823,806.18. This represents a 4.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 26,527 shares of company stock valued at $2,844,655 in the last ninety days. Corporate insiders own 4.50% of the company’s stock.

Hedge Funds Weigh In On Twilio

Hedge funds have recently made changes to their positions in the stock. Sei Investments Co. grew its position in Twilio by 5.2% in the second quarter. Sei Investments Co. now owns 18,771 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 929 shares in the last quarter. Evergreen Capital Management LLC acquired a new stake in Twilio during the 2nd quarter valued at $337,000. Xponance Inc. increased its stake in Twilio by 3.3% during the 2nd quarter. Xponance Inc. now owns 17,440 shares of the technology company’s stock worth $991,000 after buying an additional 561 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Twilio by 62.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 33,144 shares of the technology company’s stock worth $1,883,000 after buying an additional 12,761 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new position in Twilio in the 2nd quarter valued at about $87,000. Institutional investors and hedge funds own 84.27% of the company’s stock.

Twilio Company Profile

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.