SPS Commerce (SPSC) to Release Quarterly Earnings on Monday

SPS Commerce (NASDAQ:SPSC) will likely be issuing its quarterly earnings data after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $169.29 million for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

SPS Commerce Stock Down 1.0 %

Shares of NASDAQ:SPSC opened at $178.31 on Friday. The company’s 50 day moving average price is $188.96 and its two-hundred day moving average price is $190.56. SPS Commerce has a 12-month low of $160.58 and a 12-month high of $218.74. The firm has a market cap of $6.70 billion, a PE ratio of 85.32 and a beta of 0.88.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SPSC shares. Robert W. Baird increased their price target on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Needham & Company LLC reiterated a “buy” rating and set a $230.00 price target on shares of SPS Commerce in a research report on Wednesday, January 15th. Piper Sandler began coverage on shares of SPS Commerce in a research note on Monday, November 25th. They issued a “neutral” rating and a $198.00 price objective for the company. Citigroup dropped their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Stifel Nicolaus dropped their price objective on shares of SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $219.22.

Insider Buying and Selling

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total value of $1,813,176.54. Following the completion of the sale, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the sale, the chief financial officer now owns 147,002 shares of the company’s stock, valued at $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,230 shares of company stock valued at $6,379,187 over the last quarter. Insiders own 1.00% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.