Stifel Nicolaus Raises Twilio (NYSE:TWLO) Price Target to $130.00

Twilio (NYSE:TWLO) had its target price raised by stock analysts at Stifel Nicolaus from $110.00 to $130.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ target price indicates a potential downside of 7.27% from the company’s current price.

Several other equities analysts have also weighed in on TWLO. UBS Group raised their target price on Twilio from $140.00 to $145.00 and gave the company a “buy” rating in a report on Friday. Piper Sandler boosted their target price on Twilio from $83.00 to $94.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Mizuho upgraded Twilio from a “neutral” rating to an “outperform” rating and increased their price target for the company from $85.00 to $140.00 in a report on Wednesday, January 8th. Robert W. Baird upgraded shares of Twilio from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $115.00 to $160.00 in a research note on Friday. Finally, Jefferies Financial Group raised their target price on shares of Twilio from $60.00 to $85.00 and gave the company a “hold” rating in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $103.26.

Twilio Stock Up 23.6 %

NYSE TWLO traded up $26.79 during trading on Friday, reaching $140.19. The company’s stock had a trading volume of 8,955,963 shares, compared to its average volume of 2,650,552. The company has a current ratio of 5.06, a quick ratio of 5.06 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $21.50 billion, a PE ratio of -54.55, a PEG ratio of 2.22 and a beta of 1.38. Twilio has a 1-year low of $52.51 and a 1-year high of $140.79. The business has a 50-day moving average price of $108.09 and a 200-day moving average price of $80.45.

Insider Activity at Twilio

In other news, insider Dana Wagner sold 4,629 shares of Twilio stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $110.00, for a total value of $509,190.00. Following the completion of the transaction, the insider now owns 125,576 shares in the company, valued at approximately $13,813,360. The trade was a 3.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Khozema Shipchandler sold 10,834 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $113.58, for a total value of $1,230,525.72. Following the sale, the chief executive officer now owns 244,971 shares in the company, valued at approximately $27,823,806.18. This trade represents a 4.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 26,527 shares of company stock valued at $2,844,655 over the last quarter. 4.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Twilio

A number of institutional investors have recently modified their holdings of the stock. Ritholtz Wealth Management acquired a new stake in shares of Twilio in the fourth quarter valued at approximately $344,000. KBC Group NV raised its position in shares of Twilio by 67.4% during the third quarter. KBC Group NV now owns 22,705 shares of the technology company’s stock worth $1,481,000 after acquiring an additional 9,140 shares during the last quarter. Zacks Investment Management bought a new position in Twilio in the third quarter valued at about $3,386,000. Wealth Enhancement Advisory Services LLC increased its position in Twilio by 167.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 14,612 shares of the technology company’s stock worth $953,000 after purchasing an additional 9,141 shares during the period. Finally, Affinity Investment Advisors LLC bought a new stake in Twilio during the 3rd quarter worth about $434,000. 84.27% of the stock is owned by institutional investors.

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.