Media coverage about SendGrid (NYSE:SEND) has trended somewhat positive recently, Accern reports. The research group rates the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. SendGrid earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned media stories about the company an impact score of 46.2029263876521 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
A number of equities analysts have recently weighed in on the company. William Blair assumed coverage on SendGrid in a research report on Monday, December 11th. They set an “outperform” rating on the stock. JPMorgan Chase & Co. assumed coverage on SendGrid in a research report on Monday, December 11th. They set an “overweight” rating on the stock. Morgan Stanley assumed coverage on SendGrid in a research report on Monday, December 11th. They set an “equal weight” rating on the stock. Piper Jaffray Companies assumed coverage on SendGrid in a research report on Monday, December 11th. They set an “overweight” rating and a $25.00 target price on the stock. Finally, Stifel Nicolaus assumed coverage on SendGrid in a research report on Monday, December 11th. They set a “buy” rating and a $25.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $25.33.
Shares of SendGrid (SEND) traded up $0.19 during trading on Friday, reaching $22.80. The company had a trading volume of 286,545 shares, compared to its average volume of 253,857. SendGrid has a 1-year low of $17.50 and a 1-year high of $27.42.
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SendGrid Company Profile
SendGrid, Inc provides a digital communication platform. The Company’s platform enables businesses to engage with their customers through email. It offers three services: Email application programming interface (API), marketing campaigns and Expert services. Its email API service allows developers to use its API in their preferred development framework to leverage its platform to add email functionality to their applications.
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