reiterated their outperform rating on shares of Twilio (NYSE:TWLO) in a research note issued to investors on Wednesday, The Fly reports. They currently have a $125.00 target price on the technology company’s stock, up from their previous target price of $110.00.

“Twilio reported another impressive quarter, with robust customer growth and expansion rates, while providing above-consensus top-line guidance for standalone Twilio. Twilio closed the SendGrid acquisition earlier than expected (initially 2Q19) and we believe this can help Twilio accelerate Flex’s go-to-market. We see upside from robust base revenue growth, conservatively-guided variable revenues, and cross- selling Twilio’s voice/text products to SendGrid’s customer base, all of which solidify Twilio’s LT revenue growth trajectory. Meanwhile, we see GM benefiting from rolling SendGrid into the model and are unconcerned with the lower operating margin guidance, given the magnitude of the visible opportunity in front of Twilio. Adjusting our estimates given results; our PT goes to $125 (from $110). Maintain Outperform.”,” ‘s analyst commented.

Other research analysts also recently issued research reports about the stock. Argus boosted their target price on shares of Twilio from $90.00 to $110.00 and gave the company a buy rating in a research note on Thursday, November 8th. Canaccord Genuity boosted their target price on shares of Twilio from $80.00 to $90.00 and gave the company a buy rating in a research note on Wednesday, November 7th. Bank of America upped their price objective on shares of Twilio from $87.00 to $92.00 and gave the company a buy rating in a research note on Wednesday, November 7th. Monness Crespi & Hardt upped their price objective on shares of Twilio from $108.00 to $117.00 and gave the company a buy rating in a research note on Wednesday, November 7th. Finally, Deutsche Bank upped their price objective on shares of Twilio to $110.00 and gave the company a buy rating in a research note on Tuesday, December 18th. Three equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of $108.07.

Shares of TWLO stock opened at $106.85 on Wednesday. Twilio has a twelve month low of $30.89 and a twelve month high of $119.00. The stock has a market capitalization of $10.69 billion, a P/E ratio of -133.56 and a beta of 1.34. The company has a debt-to-equity ratio of 0.99, a current ratio of 6.78 and a quick ratio of 6.78.

Twilio (NYSE:TWLO) last announced its earnings results on Tuesday, February 12th. The technology company reported $0.04 earnings per share for the quarter, beating the consensus estimate of ($0.17) by $0.21. Twilio had a negative net margin of 18.76% and a negative return on equity of 21.38%. The firm had revenue of $204.30 million during the quarter, compared to the consensus estimate of $184.46 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The firm’s revenue for the quarter was up 77.3% on a year-over-year basis. On average, analysts expect that Twilio will post -0.82 EPS for the current year.

In other news, General Counsel Karyn Smith sold 3,509 shares of the business’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $75.57, for a total transaction of $265,175.13. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Erika Rottenberg sold 808 shares of the business’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $113.82, for a total value of $91,966.56. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 154,025 shares of company stock valued at $14,204,433. Corporate insiders own 19.80% of the company’s stock.

Large investors have recently modified their holdings of the company. Adirondack Trust Co. grew its holdings in shares of Twilio by 625.0% during the 4th quarter. Adirondack Trust Co. now owns 348 shares of the technology company’s stock worth $31,000 after purchasing an additional 300 shares during the period. Parallel Advisors LLC grew its holdings in shares of Twilio by 300.0% during the 4th quarter. Parallel Advisors LLC now owns 400 shares of the technology company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Brasada Capital Management LP purchased a new stake in shares of Twilio during the 4th quarter worth about $45,000. Signet Investment Advisory Group Inc. purchased a new stake in shares of Twilio during the 4th quarter worth about $53,000. Finally, Intellectus Partners LLC purchased a new position in Twilio in the 4th quarter worth approximately $58,000. Institutional investors and hedge funds own 59.84% 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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The Fly

Analyst Recommendations for Twilio (NYSE:TWLO)

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