Sprout Social, Inc. (NASDAQ:SPT) Given Average Rating of “Hold” by Analysts

Sprout Social, Inc. (NASDAQ:SPT) has been assigned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $48.00.

A number of equities analysts have weighed in on SPT shares. Robert W. Baird increased their price target on shares of Sprout Social from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Oppenheimer dropped their price target on shares of Sprout Social from $43.00 to $40.00 and set an “outperform” rating on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $46.00 price objective on shares of Sprout Social in a report on Friday, August 2nd. KeyCorp lowered shares of Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective for the company. in a report on Thursday, August 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a report on Friday, August 2nd.

Insider Transactions at Sprout Social

In related news, Director Aaron Edward Frederick Rankin sold 1,181 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total value of $34,520.63. Following the completion of the sale, the director now owns 42,122 shares in the company, valued at approximately $1,231,226.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Justyn Russell Howard sold 20,000 shares of the stock in a transaction dated Tuesday, August 6th. The shares were sold at an average price of $30.68, for a total transaction of $613,600.00. Following the completion of the sale, the chief executive officer now owns 310,812 shares in the company, valued at $9,535,712.16. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aaron Edward Frederick Rankin sold 1,181 shares of Sprout Social stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total transaction of $34,520.63. Following the sale, the director now owns 42,122 shares of the company’s stock, valued at approximately $1,231,226.06. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 87,882 shares of company stock valued at $2,570,471. Company insiders own 10.97% of the company’s stock.

Institutional Trading of Sprout Social

Hedge funds and other institutional investors have recently made changes to their positions in the business. Assetmark Inc. increased its holdings in shares of Sprout Social by 27.5% in the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after purchasing an additional 801 shares during the last quarter. Principal Financial Group Inc. increased its position in Sprout Social by 20.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock valued at $34,868,000 after purchasing an additional 200,190 shares during the period. Impax Asset Management Group plc boosted its holdings in shares of Sprout Social by 46.6% during the 3rd quarter. Impax Asset Management Group plc now owns 188,724 shares of the company’s stock worth $5,486,000 after buying an additional 60,000 shares in the last quarter. Emerald Advisers LLC lifted its holdings in shares of Sprout Social by 116.0% in the 3rd quarter. Emerald Advisers LLC now owns 263,041 shares of the company’s stock worth $7,647,000 after purchasing an additional 141,252 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in Sprout Social by 133.3% during the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 145,052 shares of the company’s stock valued at $4,217,000 after acquiring an additional 82,879 shares in the last quarter.

Sprout Social Stock Up 1.8 %

SPT stock opened at $26.97 on Friday. Sprout Social has a 12 month low of $25.05 and a 12 month high of $68.41. The company’s 50 day simple moving average is $28.47 and its 200-day simple moving average is $33.35. The firm has a market capitalization of $1.54 billion, a PE ratio of -20.59 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The firm had revenue of $99.40 million for the quarter, compared to analyst estimates of $98.70 million. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. Sprout Social’s revenue was up 25.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.23) earnings per share. Equities analysts expect that Sprout Social will post -0.9 earnings per share for the current fiscal year.

Sprout Social Company Profile

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.