Twilio Inc. (NYSE:TWLO) Stock Has Consensus Target Price of $269.48 According to Analysts

Twilio Inc. (NYSE:TWLO) has earned an average recommendation of “Moderate Buy” from the twenty-eight analysts that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, twenty-two have given a buy recommendation and three have issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $269.48.

A number of equities research analysts have recently weighed in on TWLO shares. Wells Fargo & Company raised their price objective on shares of Twilio from $275.00 to $300.00 and gave the company an “overweight” rating in a report on Tuesday, October 27th. Rosenblatt Securities lifted their target price on shares of Twilio from $275.00 to $290.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Oppenheimer raised their target price on Twilio from $275.00 to $325.00 and gave the company an “outperform” rating in a report on Wednesday, October 21st. Morgan Stanley reiterated an “overweight” rating and set a $261.00 target price (up from $200.00) on shares of Twilio in a report on Friday, August 7th. Finally, Piper Sandler boosted their price objective on shares of Twilio from $192.00 to $247.00 and gave the company a “neutral” rating in a research note on Friday, August 7th.

Twilio Price Performance

Twilio stock opened at $206.99 on Friday. Twilio has a 12-month low of $105.00 and a 12-month high of $308.40. The company has a 50-day moving average price of $253.87 and a 200 day moving average price of $190.71. The stock has a market cap of $31.79 billion, a P/E ratio of 73.12, a PEG ratio of 4.16 and a beta of 1.49. The company has a current ratio of 4.47, a quick ratio of 4.62 and a debt-to-equity ratio of 0.11.

Twilio (NYSE:TWLO) last issued its quarterly earnings data on Thursday, October 29th. The technology company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.47 by $0.18. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.52 billion. Twilio had a net margin of 21.82% and a return on equity of 5.58%. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the prior year, the business posted $1.25 EPS. Sell-side analysts anticipate that Twilio will post 3.27 earnings per share for the current year.

Insider Buying and Selling at Twilio

In related news, CFO Aidan Viggiano sold 9,084 shares of Twilio stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $294.65, for a total value of $2,676,600.60. Following the completion of the transaction, the chief financial officer directly owned 99,246 shares in the company, valued at approximately $29,242,833.90. This trade represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Khozema Shipchandler sold 14,442 shares of the firm’s stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $291.03, for a total transaction of $4,203,055.26. Following the completion of the transaction, the chief executive officer directly owned 178,863 shares in the company, valued at $52,054,498.89. This represents a 7.47% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 538,818 shares of company stock valued at $134,833,645 in the last ninety days. Insiders own 0.21% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Congress Asset Management Co. boosted its holdings in Twilio by 16.2% in the third quarter. Congress Asset Management Co. now owns 160,425 shares of the technology company’s stock worth $46,918,000 after purchasing an additional 22,311 shares in the last quarter. Plato Investment Management Ltd bought a new position in Twilio during the second quarter valued at about $1,637,000. Assenagon Asset Management S.A. raised its holdings in Twilio by 67.8% during the second quarter. Assenagon Asset Management S.A. now owns 120,582 shares of the technology company’s stock valued at $24,880,000 after buying an additional 48,742 shares in the last quarter. Nykredit A S acquired a new stake in shares of Twilio in the second quarter worth about $10,514,000. Finally, Aware Super Pty Ltd as trustee of Aware Super acquired a new stake in shares of Twilio in the first quarter worth about $4,288,000. Institutional investors own 84.27% of the company’s stock.

About Twilio

Twilio provides cloud-based communications software that enables businesses to communicate with customers through applications and digital channels. Its platform offers APIs and related tools for integrating messaging, voice, video and email capabilities into software and customer workflows.

Its offerings include programmable communications products, the Twilio Flex contact center platform, SendGrid email services, and Segment, a customer data platform. Twilio also provides tools for customer identity verification and engagement, helping organizations manage communications and customer data across their operations.

Founded in 2008, Twilio serves businesses and developers in markets around the world.