Shares of SendGrid Inc (NYSE:SEND) have earned a consensus rating of “Buy” from the nine research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.75.
Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus increased their price objective on shares of SendGrid from $32.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 13th. KeyCorp increased their price objective on shares of SendGrid from $32.00 to $42.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 4th. Zacks Investment Research downgraded shares of SendGrid from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. First Analysis assumed coverage on shares of SendGrid in a research report on Monday, September 24th. They set a “strong-buy” rating and a $45.00 price objective for the company. Finally, Morgan Stanley increased their price objective on shares of SendGrid from $27.00 to $29.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 1st.
In related news, SVP Craig Kaes sold 15,391 shares of the firm’s stock in a transaction on Monday, August 6th. The shares were sold at an average price of $29.29, for a total value of $450,802.39. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Stephen M. Sloan sold 15,000 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $36.66, for a total transaction of $549,900.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 140,239 shares of company stock valued at $4,624,740. 30.20% of the stock is owned by insiders.
Shares of SEND stock opened at $36.32 on Thursday. The company has a quick ratio of 10.83, a current ratio of 10.83 and a debt-to-equity ratio of 0.05. SendGrid has a 12-month low of $17.50 and a 12-month high of $38.66. The firm has a market cap of $1.56 billion and a PE ratio of -191.16.
SendGrid (NYSE:SEND) last issued its quarterly earnings data on Tuesday, July 31st. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.04) by $0.03. The company had revenue of $35.68 million for the quarter, compared to the consensus estimate of $34.32 million. On average, research analysts anticipate that SendGrid will post -0.04 EPS for the current fiscal year.
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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