SendGrid (SEND) Earning Somewhat Positive Press Coverage, Study Finds

News articles about SendGrid (NYSE:SEND) have trended somewhat positive on Wednesday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. SendGrid earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9133658706596 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

A number of equities research analysts recently weighed in on SEND shares. Stifel Nicolaus boosted their price target on shares of SendGrid from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, May 2nd. Canaccord Genuity started coverage on shares of SendGrid in a research note on Wednesday, April 25th. They set a “buy” rating and a $32.00 price target for the company. Piper Jaffray Companies reissued a “buy” rating and set a $32.00 price target on shares of SendGrid in a research note on Monday, April 23rd. Zacks Investment Research raised shares of SendGrid from a “hold” rating to a “buy” rating and set a $35.00 price target for the company in a research note on Friday, March 16th. Finally, Morgan Stanley boosted their price target on shares of SendGrid from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $31.67.

NYSE:SEND traded up $1.93 during trading hours on Wednesday, hitting $30.80. The stock had a trading volume of 15,858 shares, compared to its average volume of 633,282. SendGrid has a one year low of $17.50 and a one year high of $32.03. The company has a debt-to-equity ratio of 0.06, a quick ratio of 10.16 and a current ratio of 10.16. The company has a market capitalization of $1.32 billion and a PE ratio of -161.26.

SendGrid (NYSE:SEND) last issued its earnings results on Tuesday, May 1st. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.03. The firm had revenue of $32.57 million during the quarter, compared to the consensus estimate of $32.05 million. sell-side analysts forecast that SendGrid will post -0.1 earnings per share for the current year.

In other SendGrid news, major shareholder Group Select Fund L.P Foundry sold 2,952,718 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $22.86, for a total value of $67,499,133.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sameer Dholakia sold 368,231 shares of the company’s stock in a transaction that occurred on Tuesday, April 10th. The shares were sold at an average price of $22.86, for a total transaction of $8,417,760.66. The disclosure for this sale can be found here. Insiders sold 3,355,949 shares of company stock valued at $76,716,994 in the last ninety days. Insiders own 30.20% of the company’s stock.

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.

Insider Buying and Selling by Quarter for SendGrid (NYSE:SEND)

Receive News & Ratings for SendGrid Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SendGrid and related companies with MarketBeat.com's FREE daily email newsletter.


Leave a Reply