Sprout Social (SPT) Projected to Post Quarterly Earnings on Tuesday

Sprout Social (NASDAQ:SPT) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Sprout Social to post earnings of $0.15 per share and revenue of $106.74 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Sprout Social Price Performance

Shares of SPT stock opened at $30.97 on Tuesday. The firm has a market capitalization of $1.78 billion, a price-to-earnings ratio of -25.81 and a beta of 1.06. Sprout Social has a 12-month low of $25.05 and a 12-month high of $67.33. The firm has a fifty day moving average of $32.52 and a 200-day moving average of $30.66. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Analyst Ratings Changes

Several equities research analysts have commented on SPT shares. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Wednesday, January 15th. Oppenheimer cut their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Scotiabank assumed coverage on shares of Sprout Social in a report on Monday, November 18th. They set a “sector perform” rating and a $28.00 price target for the company. Piper Sandler dropped their price objective on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Finally, Morgan Stanley raised their price target on shares of Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.58.

Insiders Place Their Bets

In other news, CEO Ryan Paul Barretto sold 13,465 shares of Sprout Social stock in a transaction dated Tuesday, December 3rd. The shares were sold at an average price of $31.45, for a total transaction of $423,474.25. Following the completion of the transaction, the chief executive officer now directly owns 546,343 shares in the company, valued at $17,182,487.35. This trade represents a 2.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Karen Walker sold 5,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.24, for a total transaction of $171,200.00. Following the transaction, the director now directly owns 35,665 shares in the company, valued at $1,221,169.60. The trade was a 12.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 120,265 shares of company stock worth $3,837,006. 10.97% of the stock is currently owned by company insiders.

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.