Twilio (TWLO) Price Target Increased to $86.00 by Analysts at JMP Securities

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Twilio (NYSE:TWLO) had its price objective boosted by JMP Securities from $76.00 to $86.00 in a report issued on Tuesday morning, The Fly reports. JMP Securities currently has an outperform rating on the technology company’s stock.

Several other brokerages have also recently issued reports on TWLO. Oppenheimer raised their price objective on Twilio from $45.00 to $50.00 and gave the stock an outperform rating in a research note on Wednesday, May 9th. Bank of America raised their price objective on Twilio from $63.00 to $75.00 and gave the stock a buy rating in a research note on Tuesday, August 7th. Robert W. Baird raised their price objective on Twilio from $50.00 to $82.00 and gave the stock an outperform rating in a research note on Tuesday, August 7th. Piper Jaffray Companies restated a buy rating and set a $85.00 price objective on shares of Twilio in a research note on Tuesday, August 7th. Finally, Zacks Investment Research cut Twilio from a hold rating to a sell rating in a research note on Monday, May 14th. Four analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Twilio presently has a consensus rating of Buy and a consensus target price of $69.16.

TWLO stock opened at $82.32 on Tuesday. Twilio has a twelve month low of $23.25 and a twelve month high of $87.91. The company has a debt-to-equity ratio of 0.98, a current ratio of 7.20 and a quick ratio of 7.20. The company has a market cap of $7.96 billion, a PE ratio of -105.54 and a beta of 0.33.

Twilio (NYSE:TWLO) last released its quarterly earnings results on Monday, August 6th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.09. Twilio had a negative net margin of 18.29% and a negative return on equity of 21.41%. The business had revenue of $147.80 million during the quarter, compared to the consensus estimate of $130.39 million. During the same quarter last year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 54.1% compared to the same quarter last year. analysts anticipate that Twilio will post -0.78 EPS for the current year.

In other Twilio news, COO George Hu sold 5,000 shares of the firm’s stock in a transaction on Friday, August 31st. The stock was sold at an average price of $80.51, for a total value of $402,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, General Counsel Karyn Smith sold 3,487 shares of the firm’s stock in a transaction on Monday, August 20th. The shares were sold at an average price of $77.99, for a total value of $271,951.13. The disclosure for this sale can be found here. Insiders sold 191,022 shares of company stock worth $12,950,610 over the last quarter. 19.80% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the business. Catalyst Capital Advisors LLC bought a new stake in Twilio in the second quarter valued at $112,000. Cerebellum GP LLC bought a new stake in Twilio in the second quarter valued at $161,000. Tower Research Capital LLC TRC bought a new stake in Twilio in the second quarter valued at $182,000. M Holdings Securities Inc. bought a new stake in Twilio in the second quarter valued at $209,000. Finally, Global X Management Co LLC bought a new stake in Twilio in the second quarter valued at $210,000. Institutional investors own 57.58% of the company’s stock.

About Twilio

Twilio Inc provides a cloud communications platform that enables developers to build, scale, and operate communications within software applications in the United States and internationally. The company's programmable communications cloud provides a set of application programming interfaces that enable developers to embed voice, messaging, and video capabilities into their applications.

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