Piper Jaffray Companies initiated coverage on shares of SendGrid (NYSE:SEND) in a research report sent to investors on Monday morning. The brokerage issued an overweight rating and a $25.00 price target on the stock.
SEND has been the subject of a number of other reports. J P Morgan Chase & Co began coverage on shares of SendGrid in a research note on Monday. They issued an overweight rating for the company. KeyCorp began coverage on shares of SendGrid in a research note on Monday. They issued an overweight rating and a $26.00 price objective for the company. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $25.33.
Shares of SendGrid (NYSE SEND) traded down $1.22 during trading on Monday, hitting $20.14. 163,800 shares of the stock were exchanged, compared to its average volume of 367,941. SendGrid has a twelve month low of $17.50 and a twelve month high of $22.21.
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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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