Media stories about SendGrid (NYSE:SEND) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SendGrid earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.7553639026926 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.
These are some of the news headlines that may have impacted Accern’s scoring:
Shares of NYSE SEND traded up $0.52 during trading on Friday, hitting $25.06. The stock had a trading volume of 4,409,895 shares, compared to its average volume of 284,299. The firm has a market cap of $1,070.09 and a price-to-earnings ratio of -131.89. The company has a debt-to-equity ratio of 0.06, a current ratio of 8.71 and a quick ratio of 8.71. SendGrid has a 12 month low of $17.50 and a 12 month high of $32.03.
SendGrid (NYSE:SEND) last posted its quarterly earnings results on Monday, February 26th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $31.73 million for the quarter, compared to the consensus estimate of $29.45 million. research analysts anticipate that SendGrid will post -0.13 EPS for the current fiscal year.
Several research firms have recently issued reports on SEND. William Blair began coverage on shares of SendGrid in a research note on Monday, December 11th. They issued an “outperform” rating for the company. Zacks Investment Research lowered shares of SendGrid from a “buy” rating to a “hold” rating in a research note on Saturday, March 17th. JPMorgan Chase began coverage on shares of SendGrid in a research note on Monday, December 11th. They issued an “overweight” rating for the company. Morgan Stanley began coverage on shares of SendGrid in a research note on Monday, December 11th. They issued an “equal weight” rating for the company. Finally, Piper Jaffray began coverage on shares of SendGrid in a research note on Monday, December 11th. They issued an “overweight” rating and a $25.00 target price for the company. Two analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $29.60.
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SendGrid Company Profile
SendGrid, Inc operates as a digital communication platform in the United States and internationally. Its cloud-based platform provides various tools to the businesses, including developers and marketers to reach their customers using an email. The company offers services, such as email application programming interface (API), which allow developers to use its API in their preferred development framework and to use its platform to add email functionality to their applications; marketing campaigns that allow marketers to upload and manage customer contact lists, create and test email templates, and execute and analyze email campaigns to engage customers; and expert services to help businesses optimize their email delivery.
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