Shares of Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) have been given an average recommendation of “Moderate Buy” by the fifteen ratings firms that are covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $56.57.
Several equities research analysts have recently commented on SPT shares. KeyCorp cut Sprout Social from an “overweight” rating to a “sector weight” rating in a research note on Friday, May 3rd. Robert W. Baird dropped their price objective on Sprout Social from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Thursday. The Goldman Sachs Group lowered shares of Sprout Social from a “buy” rating to a “neutral” rating and reduced their target price for the company from $80.00 to $44.00 in a research note on Friday, May 3rd. Cantor Fitzgerald dropped their price target on shares of Sprout Social from $74.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, May 3rd. Finally, Barclays reduced their price objective on shares of Sprout Social from $72.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, May 3rd.
Check Out Our Latest Stock Report on SPT
Insider Transactions at Sprout Social
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in SPT. Verdence Capital Advisors LLC raised its stake in shares of Sprout Social by 3.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 7,345 shares of the company’s stock worth $451,000 after purchasing an additional 225 shares during the period. Arcadia Investment Management Corp MI raised its holdings in Sprout Social by 36.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,047 shares of the company’s stock valued at $64,000 after acquiring an additional 281 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Sprout Social by 14.8% during the third quarter. PNC Financial Services Group Inc. now owns 2,500 shares of the company’s stock worth $125,000 after acquiring an additional 323 shares in the last quarter. Fidelis Capital Partners LLC purchased a new position in shares of Sprout Social in the first quarter valued at $27,000. Finally, RiverPark Advisors LLC lifted its holdings in Sprout Social by 67.8% during the 4th quarter. RiverPark Advisors LLC now owns 1,247 shares of the company’s stock worth $77,000 after purchasing an additional 504 shares in the last quarter.
Sprout Social Stock Up 4.7 %
SPT stock opened at $35.68 on Friday. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of -28.54 and a beta of 0.99. The company has a 50-day moving average of $35.41 and a two-hundred day moving average of $51.48. Sprout Social has a 52-week low of $25.68 and a 52-week high of $68.41. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.97 and a quick ratio of 0.97.
Sprout Social (NASDAQ:SPT – Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.32) by $0.10. Sprout Social had a negative net margin of 19.64% and a negative return on equity of 42.51%. The company had revenue of $96.78 million for the quarter, compared to analyst estimates of $97.29 million. As a group, equities research analysts anticipate that Sprout Social will post -0.84 EPS for the current year.
About Sprout Social
Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.
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