Sprout Social, Inc. (NASDAQ:SPT) Receives Consensus Rating of “Hold” from Brokerages

Sprout Social, Inc. (NASDAQ:SPT) has received an average recommendation of “Hold” from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $44.54.

SPT has been the topic of a number of research reports. Scotiabank began coverage on shares of Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price on the stock. Piper Sandler dropped their price target on Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a report on Monday, November 11th. Oppenheimer cut their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, December 3rd. Barclays decreased their target price on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 target price on shares of Sprout Social in a report on Wednesday.

Sprout Social Stock Up 2.9 %

SPT opened at $31.62 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The company has a market capitalization of $1.81 billion, a PE ratio of -26.35 and a beta of 1.03. The stock’s fifty day moving average is $31.47 and its 200-day moving average is $31.35. Sprout Social has a one year low of $25.05 and a one year high of $68.41.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The firm had revenue of $102.64 million for the quarter, compared to analyst estimates of $102.04 million. On average, equities analysts predict that Sprout Social will post -0.98 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the transaction, the director now owns 35,665 shares in the company, valued at approximately $1,221,169.60. This represents a 12.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ryan Paul Barretto sold 13,465 shares of the stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total transaction of $423,474.25. Following the completion of the sale, the chief executive officer now owns 546,343 shares of the company’s stock, valued at approximately $17,182,487.35. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 40,265 shares of company stock valued at $1,266,606. Corporate insiders own 10.97% of the company’s stock.

Institutional Trading of Sprout Social

A number of institutional investors have recently bought and sold shares of SPT. Quarry LP raised its stake in shares of Sprout Social by 2,346.9% during the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after purchasing an additional 751 shares in the last quarter. Assetmark Inc. increased its holdings in Sprout Social by 27.5% in the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after buying an additional 801 shares during the last quarter. Yarbrough Capital LLC bought a new position in Sprout Social during the fourth quarter valued at approximately $206,000. Canada Pension Plan Investment Board bought a new position in Sprout Social during the second quarter valued at approximately $218,000. Finally, Entropy Technologies LP acquired a new stake in Sprout Social in the third quarter valued at approximately $265,000.

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.