Headlines about SendGrid (NYSE:SEND) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. 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 0.13 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.2029263876521 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several research firms recently issued reports on SEND. KeyCorp began coverage on SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $26.00 price target on the stock. Stifel Nicolaus began coverage on SendGrid in a report on Monday, December 11th. They issued a “buy” rating and a $25.00 price target on the stock. Piper Jaffray Companies began coverage on SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $25.00 price target on the stock. Morgan Stanley started coverage on SendGrid in a report on Monday, December 11th. They issued an “equal weight” rating on the stock. Finally, JPMorgan Chase & Co. started coverage on SendGrid in a report on Monday, December 11th. They set an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.33.
Shares of SendGrid (NYSE:SEND) traded up $0.66 on Monday, reaching $22.16. The company’s stock had a trading volume of 123,747 shares, compared to its average volume of 234,941. SendGrid has a 12-month low of $17.50 and a 12-month high of $27.42. The company has a market capitalization of $903.94 and a PE ratio of -201.45.
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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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