SendGrid (SEND) Trading Up 5.9%

SendGrid Inc (NYSE:SEND)’s share price shot up 5.9% during mid-day trading on Friday . The stock traded as high as $21.07 and last traded at $20.35. 955,902 shares changed hands during trading, an increase of 153% from the average session volume of 378,224 shares. The stock had previously closed at $19.21.

Several research firms recently issued reports on SEND. Piper Jaffray Companies began coverage on SendGrid in a research note on Monday, December 11th. They set an “overweight” rating and a $25.00 target price on the stock. KeyCorp began coverage on SendGrid in a research note on Monday, December 11th. They set an “overweight” rating and a $26.00 target price on the stock. Stifel Nicolaus began coverage on SendGrid in a research note on Monday, December 11th. They set a “buy” rating and a $25.00 target price on the stock. William Blair began coverage on SendGrid in a research note on Monday, December 11th. They set an “outperform” rating on the stock. Finally, J P Morgan Chase & Co began coverage on SendGrid in a research note on Monday, December 11th. They set an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $25.33.

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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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