Sprout Social (NASDAQ:SPT) Reaches New 52-Week Low – What’s Next?

Sprout Social, Inc. (NASDAQ:SPT)’s share price reached a new 52-week low during trading on Friday . The stock traded as low as $24.91 and last traded at $24.44, with a volume of 121662 shares. The stock had previously closed at $25.56.

Analyst Ratings Changes

SPT has been the topic of several analyst reports. Morgan Stanley dropped their target price on Sprout Social from $37.00 to $30.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 26th. Stifel Nicolaus dropped their target price on Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Barclays dropped their target price on Sprout Social from $38.00 to $34.00 and set an “overweight” rating on the stock in a report on Wednesday, February 26th. Needham & Company LLC dropped their target price on Sprout Social from $55.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Finally, Scotiabank dropped their target price on Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $33.85.

Sprout Social Stock Performance

The business has a fifty day simple moving average of $30.91 and a two-hundred day simple moving average of $30.22. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The company has a market cap of $1.41 billion, a P/E ratio of -20.44 and a beta of 1.11.

Sprout Social (NASDAQ:SPT) last posted its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm had revenue of $107.09 million during the quarter, compared to the consensus estimate of $106.74 million. On average, sell-side analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current year.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00. Following the completion of the sale, the insider now owns 27,136 shares in the company, valued at $859,397.12. This represents a 59.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $34.24, for a total value of $171,200.00. Following the completion of the sale, the director now owns 35,665 shares of the company’s stock, valued at approximately $1,221,169.60. The trade was a 12.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 106,800 shares of company stock valued at $3,413,532. 10.97% of the stock is owned by company insiders.

Institutional Trading of Sprout Social

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quarry LP grew its position in shares of Sprout Social by 100.9% during the third quarter. Quarry LP now owns 1,573 shares of the company’s stock worth $46,000 after purchasing an additional 790 shares in the last quarter. US Bancorp DE grew its position in shares of Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company’s stock worth $52,000 after purchasing an additional 1,627 shares in the last quarter. KBC Group NV grew its position in shares of Sprout Social by 77.1% during the fourth quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after purchasing an additional 1,099 shares in the last quarter. Assetmark Inc. grew its position in shares of Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after purchasing an additional 801 shares in the last quarter. Finally, Yarbrough Capital LLC purchased a new stake in shares of Sprout Social during the fourth quarter worth about $206,000.

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.