Twilio (NYSE:TWLO) PT Raised to $225.00 at Goldman Sachs Group

Twilio (NYSE:TWLO) had its price objective boosted by Goldman Sachs Group from $137.00 to $225.00 in a research note released on Wednesday, The Fly reports. Goldman Sachs Group currently has a neutral rating on the technology company’s stock. The analysts noted that the move was a valuation call.

Several other equities analysts also recently issued reports on the stock. Mizuho raised their price target on shares of Twilio from $125.00 to $180.00 and gave the company a buy rating in a research note on Thursday, May 7th. KeyCorp lifted their target price on shares of Twilio from $162.00 to $206.00 and gave the stock an overweight rating in a research note on Friday, May 22nd. ValuEngine downgraded shares of Twilio from a buy rating to a hold rating in a research note on Thursday, May 14th. Morgan Stanley lifted their target price on shares of Twilio from $125.00 to $160.00 and gave the stock an overweight rating in a research note on Thursday, May 7th. Finally, Bank of America reissued a buy rating and set a $125.00 target price on shares of Twilio in a research note on Monday, May 4th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. Twilio has a consensus rating of Buy and an average target price of $181.86.

Shares of Twilio stock opened at $221.15 on Wednesday. Twilio has a fifty-two week low of $68.06 and a fifty-two week high of $222.38. The company has a debt-to-equity ratio of 0.14, a current ratio of 7.50 and a quick ratio of 7.50. The firm has a market capitalization of $30.32 billion, a P/E ratio of -81.91 and a beta of 1.65. The company’s 50 day moving average price is $197.41 and its two-hundred day moving average price is $129.02.

Twilio (NYSE:TWLO) last issued its earnings results on Wednesday, May 6th. The technology company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.17. Twilio had a negative net margin of 28.85% and a negative return on equity of 5.07%. The firm had revenue of $364.87 million for the quarter, compared to analyst estimates of $327.59 million. During the same quarter last year, the business posted $0.05 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis. On average, analysts expect that Twilio will post -1.6 earnings per share for the current year.

In other news, insider Chee Chew sold 2,010 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $190.68, for a total value of $383,266.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Erika Rottenberg sold 4,467 shares of the business’s stock in a transaction that occurred on Friday, June 19th. The shares were sold at an average price of $215.21, for a total transaction of $961,343.07. The disclosure for this sale can be found here. Over the last quarter, insiders sold 521,683 shares of company stock worth $100,563,142. Corporate insiders own 6.68% of the company’s stock.

A number of institutional investors have recently bought and sold shares of TWLO. Orion Portfolio Solutions LLC bought a new stake in Twilio during the 4th quarter worth approximately $25,000. Golden State Wealth Management LLC bought a new stake in Twilio during the 1st quarter worth approximately $25,000. Ameritas Investment Company LLC bought a new stake in Twilio during the 1st quarter worth approximately $27,000. G&S Capital LLC increased its holdings in Twilio by 323.5% during the 1st quarter. G&S Capital LLC now owns 360 shares of the technology company’s stock worth $32,000 after acquiring an additional 275 shares during the period. Finally, Optimum Investment Advisors grew its stake in Twilio by 60.0% in the 1st quarter. Optimum Investment Advisors now owns 400 shares of the technology company’s stock worth $36,000 after buying an additional 150 shares in the last quarter. 86.82% of the stock is currently owned by institutional investors and hedge funds.

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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