Press coverage about SendGrid (NYSE:SEND) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. SendGrid earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave news headlines about the company an impact score of 46.2725106616615 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
SEND has been the subject of several recent analyst reports. Stifel Nicolaus started coverage on shares of SendGrid in a research note on Monday, December 11th. They set a “buy” rating and a $25.00 price objective for the company. Piper Jaffray Companies began coverage on SendGrid in a research report on Monday, December 11th. They set an “overweight” rating and a $25.00 target price for the company. KeyCorp began coverage on SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $26.00 price objective for the company. Morgan Stanley began coverage on SendGrid in a report on Monday, December 11th. They issued an “equal weight” rating for the company. Finally, William Blair began coverage on SendGrid in a report on Monday, December 11th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $25.33.
Shares of SendGrid (NYSE:SEND) traded down $0.82 during mid-day trading on Friday, hitting $21.86. The stock had a trading volume of 159,270 shares, compared to its average volume of 231,594. 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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