SendGrid Inc (SEND) Receives $25.33 Consensus Target Price from Analysts

SendGrid Inc (NYSE:SEND) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $25.33.

Several equities analysts recently issued reports on the company. Morgan Stanley assumed coverage on SendGrid in a research report on Monday, December 11th. They set an “equal weight” rating on the stock. Stifel Nicolaus began coverage on SendGrid in a research report on Monday, December 11th. They set a “buy” rating and a $25.00 price target on the stock. William Blair began coverage on SendGrid in a research report on Monday, December 11th. They issued an “outperform” rating on the stock. Piper Jaffray Companies began coverage on SendGrid in a research report on Monday, December 11th. They issued an “overweight” rating and a $25.00 price objective on the stock. Finally, KeyCorp began coverage on SendGrid in a research report on Monday, December 11th. They issued an “overweight” rating and a $26.00 price objective on the stock.

SendGrid (NYSE SEND) traded down $0.51 on Tuesday, reaching $22.17. The company had a trading volume of 89,269 shares, compared to its average volume of 225,449. SendGrid has a fifty-two week low of $17.50 and a fifty-two week high of $27.42.

An institutional investor recently bought a new position in SendGrid stock. Schwab Charles Investment Management Inc. bought a new stake in SendGrid Inc (NYSE:SEND) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,200 shares of the company’s stock, valued at approximately $317,000. Institutional investors and hedge funds own 0.04% of the company’s stock.

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About SendGrid

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.

Analyst Recommendations for SendGrid (NYSE:SEND)

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