Somewhat Favorable Media Coverage Somewhat Unlikely to Impact SendGrid (SEND) Share Price
Media stories about SendGrid (NYSE:SEND) have trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of press coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SendGrid earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5720259352479 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s scoring:
- SendGrid Takes Home Mostly Glowing Sell-Side Opinions (finance.yahoo.com)
- SendGrid (SEND) Now Covered by J P Morgan Chase & Co (americanbankingnews.com)
- Morgan Stanley Begins Coverage on SendGrid (SEND) (americanbankingnews.com)
- SendGrid (SEND) Earns Overweight Rating from Analysts at Piper Jaffray Companies (americanbankingnews.com)
- SendGrid (SEND) Earns Overweight Rating from Analysts at KeyCorp (americanbankingnews.com)
Shares of SendGrid (SEND) opened at $19.55 on Wednesday. SendGrid has a 52 week low of $17.50 and a 52 week high of $22.21.
A number of brokerages have recently commented on SEND. Piper Jaffray Companies began coverage on SendGrid in a research note on Monday. They issued an “overweight” rating and a $25.00 price target for the company. KeyCorp began coverage on SendGrid in a research note on Monday. They issued an “overweight” rating and a $26.00 price target for the company. Stifel Nicolaus began coverage on SendGrid in a research note on Monday. They issued a “buy” rating and a $25.00 price target for the company. William Blair began coverage on SendGrid in a research note on Monday. They issued an “outperform” rating for the company. Finally, J P Morgan Chase & Co began coverage on SendGrid in a research note on Monday. They issued an “overweight” rating for the company. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $25.33.
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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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