Piper Jaffray Companies restated their overweight rating on shares of Twilio (NYSE:TWLO) in a research report released on Wednesday morning, The Fly reports. Piper Jaffray Companies currently has a $95.00 price objective on the technology company’s stock.

Several other equities research analysts have also recently issued reports on the company. Deutsche Bank started coverage on Twilio in a report on Monday, October 8th. They set a buy rating and a $88.00 price objective on the stock. Monness Crespi & Hardt raised their price objective on Twilio from $85.00 to $108.00 and gave the stock a buy rating in a report on Wednesday, September 12th. JMP Securities raised their price objective on Twilio from $76.00 to $86.00 and gave the stock an outperform rating in a report on Tuesday, September 4th. Zacks Investment Research upgraded Twilio from a hold rating to a buy rating and set a $83.00 target price on the stock in a report on Friday, October 12th. Finally, KeyCorp reiterated a buy rating and issued a $99.00 target price on shares of Twilio in a report on Thursday, October 11th. One research analyst has rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Twilio currently has a consensus rating of Buy and an average price target of $81.22.

TWLO stock opened at $92.23 on Wednesday. Twilio has a 52-week low of $23.25 and a 52-week high of $98.89. The company has a debt-to-equity ratio of 0.98, a quick ratio of 7.20 and a current ratio of 7.20. The firm has a market cap of $9.37 billion, a PE ratio of -118.24 and a beta of 1.00.

Twilio (NYSE:TWLO) last posted its quarterly earnings data on Tuesday, November 6th. The technology company reported ($0.15) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.04. Twilio had a negative return on equity of 19.56% and a negative net margin of 16.70%. The business had revenue of $168.90 million for the quarter, compared to analysts’ expectations of $151.62 million. During the same quarter last year, the firm earned ($0.08) earnings per share. The business’s revenue was up 68.0% on a year-over-year basis. As a group, equities research analysts predict that Twilio will post -0.77 EPS for the current fiscal year.

In other Twilio news, CEO Jeff Lawson sold 20,830 shares of the firm’s stock in a transaction dated Thursday, October 18th. The stock was sold at an average price of $71.67, for a total value of $1,492,886.10. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, General Counsel Karyn Smith sold 2,009 shares of the firm’s stock in a transaction dated Wednesday, August 15th. The shares were sold at an average price of $73.71, for a total value of $148,083.39. The disclosure for this sale can be found here. Insiders sold 184,477 shares of company stock worth $14,711,857 in the last quarter. 19.80% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in TWLO. Alliancebernstein L.P. raised its position in Twilio by 4,157.4% in the third quarter. Alliancebernstein L.P. now owns 1,504,150 shares of the technology company’s stock valued at $129,778,000 after purchasing an additional 1,468,820 shares during the period. Whale Rock Capital Management LLC purchased a new stake in shares of Twilio during the second quarter worth about $64,266,000. First Trust Advisors LP increased its position in shares of Twilio by 684.7% during the third quarter. First Trust Advisors LP now owns 828,895 shares of the technology company’s stock worth $71,517,000 after acquiring an additional 723,257 shares during the last quarter. Millennium Management LLC increased its position in shares of Twilio by 117.5% during the second quarter. Millennium Management LLC now owns 883,901 shares of the technology company’s stock worth $49,516,000 after acquiring an additional 477,552 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Twilio by 122.9% during the second quarter. Wells Fargo & Company MN now owns 670,664 shares of the technology company’s stock worth $37,571,000 after acquiring an additional 369,791 shares during the last quarter. 57.29% of the stock is currently owned by 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.

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Analyst Recommendations for Twilio (NYSE:TWLO)

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