JMP Securities Boosts Twilio (TWLO) Price Target to $55.00

Twilio (NYSE:TWLO) had its target price lifted by JMP Securities from $39.00 to $55.00 in a report issued on Wednesday, May 9th. They currently have an outperform rating on the technology company’s stock.

Several other analysts have also recently issued reports on the company. Zacks Investment Research cut Twilio from a hold rating to a sell rating in a report on Tuesday, January 23rd. Monness Crespi & Hardt started coverage on Twilio in a report on Wednesday, April 11th. They issued a buy rating and a $60.00 target price for the company. Northland Securities upped their target price on Twilio from $39.00 to $46.00 and gave the company an outperform rating in a report on Wednesday, April 11th. Vetr upgraded Twilio from a hold rating to a buy rating and set a $39.36 target price for the company in a report on Tuesday, April 10th. Finally, Robert W. Baird restated a buy rating on shares of Twilio in a report on Thursday, March 15th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and sixteen have assigned a buy rating to the stock. The company has a consensus rating of Buy and an average target price of $43.56.

Shares of TWLO opened at $53.73 on Wednesday. Twilio has a one year low of $52.60 and a one year high of $53.87. The company has a market cap of $5.06 billion, a P/E ratio of -68.88 and a beta of -0.55.

Twilio (NYSE:TWLO) last issued its earnings results on Tuesday, May 8th. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.03. The company had revenue of $129.12 million during the quarter, compared to analysts’ expectations of $115.92 million. Twilio had a negative return on equity of 21.88% and a negative net margin of 16.61%. The firm’s quarterly revenue was up 47.8% on a year-over-year basis. During the same period in the prior year, the business earned ($0.04) EPS. analysts predict that Twilio will post -0.8 EPS for the current fiscal year.

In other news, COO George Hu sold 16,180 shares of the stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $33.38, for a total transaction of $540,088.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Karyn Smith sold 1,988 shares of the stock in a transaction dated Tuesday, May 15th. The stock was sold at an average price of $50.97, for a total value of $101,328.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 99,361 shares of company stock valued at $3,859,636. Company insiders own 25.03% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Salesforce Com Inc. acquired a new position in Twilio during the 4th quarter worth about $20,969,000. Hillman Co. lifted its stake in Twilio by 0.7% during the 4th quarter. Hillman Co. now owns 954,242 shares of the technology company’s stock worth $22,520,000 after acquiring an additional 6,580 shares in the last quarter. Fox Run Management L.L.C. lifted its stake in Twilio by 255.0% during the 4th quarter. Fox Run Management L.L.C. now owns 51,827 shares of the technology company’s stock worth $1,223,000 after acquiring an additional 37,227 shares in the last quarter. Firsthand Capital Management Inc. lifted its stake in Twilio by 125.0% during the 4th quarter. Firsthand Capital Management Inc. now owns 90,000 shares of the technology company’s stock worth $2,124,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Arlington Partners LLC acquired a new position in Twilio during the 4th quarter worth about $437,000. 60.59% of the stock is currently owned by hedge funds and other institutional investors.

Twilio Company Profile

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.

Analyst Recommendations for Twilio (NYSE:TWLO)

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