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

Twilio (NYSE:TWLO) had its price target increased by Tigress Financial from $85.00 to $135.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Tigress Financial’s price objective would indicate a potential upside of 29.05% from the stock’s current price.

Several other equities research analysts also recently issued reports on TWLO. Northland Securities boosted their price objective on Twilio from $66.00 to $86.00 and gave the company a “market perform” rating in a report on Thursday, October 31st. The Goldman Sachs Group boosted their price target on shares of Twilio from $67.00 to $77.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Mizuho increased their target price on shares of Twilio from $60.00 to $70.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Robert W. Baird boosted their price target on shares of Twilio from $65.00 to $80.00 and gave the stock a “neutral” rating in a research note on Friday, November 1st. Finally, Barclays upped their price target on Twilio from $65.00 to $80.00 and gave the stock an “equal weight” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $85.87.

Twilio Trading Up 0.2 %

Shares of TWLO stock opened at $104.61 on Wednesday. Twilio has a 1-year low of $52.51 and a 1-year high of $108.44. The firm has a market cap of $16.05 billion, a PE ratio of -40.70, a price-to-earnings-growth ratio of 3.05 and a beta of 1.32. The company has a 50-day moving average of $78.11 and a two-hundred day moving average of $65.48. The company has a debt-to-equity ratio of 0.12, a current ratio of 5.06 and a quick ratio of 5.06.

Insider Activity at Twilio

In other news, CEO Khozema Shipchandler sold 11,073 shares of Twilio stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $65.03, for a total value of $720,077.19. Following the sale, the chief executive officer now owns 278,134 shares of the company’s stock, valued at $18,087,054.02. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Dana Wagner sold 4,174 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $65.02, for a total value of $271,393.48. Following the completion of the transaction, the insider now owns 152,563 shares of the company’s stock, valued at $9,919,646.26. The trade was a 2.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 49,946 shares of company stock valued at $3,354,771 in the last three months. 4.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TWLO. SouthState Corp lifted its holdings in shares of Twilio by 159.1% during the 2nd quarter. SouthState Corp now owns 500 shares of the technology company’s stock worth $28,000 after acquiring an additional 307 shares during the period. True Wealth Design LLC raised its stake in shares of Twilio by 5,200.0% during the third quarter. True Wealth Design LLC now owns 424 shares of the technology company’s stock valued at $28,000 after purchasing an additional 416 shares during the period. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Twilio in the second quarter valued at $29,000. GAMMA Investing LLC grew its stake in shares of Twilio by 70.6% during the second quarter. GAMMA Investing LLC now owns 638 shares of the technology company’s stock valued at $36,000 after acquiring an additional 264 shares in the last quarter. Finally, Lynx Investment Advisory acquired a new position in shares of Twilio in the second quarter worth about $45,000. Hedge funds and other institutional investors 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.