SendGrid’s (NYSE:SEND) quiet period is set to end on Monday, December 25th. SendGrid had issued 8,200,000 shares in its initial public offering on November 15th. The total size of the offering was $131,200,000 based on an initial share price of $16.00. During SendGrid’s quiet period, insiders and any underwriters that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

A number of research analysts recently issued reports on SEND shares. Stifel Nicolaus started coverage on SendGrid in a report on Monday, December 11th. They issued a “buy” rating and a $25.00 price target for the company. Morgan Stanley started coverage on SendGrid in a report on Monday, December 11th. They issued an “equal weight” rating for the company. William Blair started coverage on SendGrid in a report on Monday, December 11th. They issued an “outperform” rating for the company. Piper Jaffray Companies started coverage on SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $25.00 price target for the company. Finally, KeyCorp started coverage on SendGrid in a report on Monday, December 11th. They issued an “overweight” rating and a $26.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. SendGrid presently has a consensus rating of “Buy” and a consensus target price of $25.33.

SendGrid (SEND) opened at $22.84 on Wednesday. SendGrid has a twelve month low of $17.50 and a twelve month high of $24.45.

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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.

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