Sprout Social, Inc. (NASDAQ:SPT) Receives $26.55 Consensus Target Price from Analysts

Shares of Sprout Social, Inc. (NASDAQ:SPT) have earned a consensus recommendation of “Hold” from the thirteen analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $25.8182.

SPT has been the topic of a number of analyst reports. Morgan Stanley lowered their price target on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday. Oppenheimer reduced their target price on shares of Sprout Social from $32.00 to $23.00 and set an “outperform” rating on the stock in a research note on Thursday, August 7th. Zacks Research lowered shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group cut their price target on shares of Sprout Social from $24.00 to $21.00 and set a “neutral” rating for the company in a report on Thursday, August 7th.

Insider Activity at Sprout Social

In related news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $10.22, for a total transaction of $204,400.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at $75,801.74. This represents a 72.95% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 70,566 shares of company stock valued at $899,581. 10.12% of the stock is owned by insiders.

Institutional Trading of Sprout Social

Several large investors have recently made changes to their positions in SPT. Quarry LP raised its holdings in shares of Sprout Social by 85.2% in the first quarter. Quarry LP now owns 1,463 shares of the company’s stock valued at $32,000 after buying an additional 673 shares during the last quarter. First Horizon Advisors Inc. increased its position in Sprout Social by 78.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after acquiring an additional 675 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Sprout Social in the 1st quarter valued at about $47,000. State of Alaska Department of Revenue bought a new position in shares of Sprout Social in the third quarter worth about $30,000. Finally, Versant Capital Management Inc lifted its position in shares of Sprout Social by 2,754.5% during the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock worth $45,000 after purchasing an additional 3,388 shares in the last quarter.

Sprout Social Stock Down 4.9%

Shares of SPT opened at $10.05 on Wednesday. The stock has a market cap of $594.86 million, a price-to-earnings ratio of -12.41 and a beta of 0.88. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. Sprout Social has a 12 month low of $9.46 and a 12 month high of $36.30. The company has a 50-day moving average price of $12.07 and a two-hundred day moving average price of $16.77.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.The company had revenue of $115.59 million for the quarter, compared to analyst estimates of $114.86 million. During the same period in the prior year, the company posted $0.13 EPS. The company’s revenue was up 12.7% compared to the same quarter last year. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS. Q4 2025 guidance at 0.150-0.170 EPS. Equities analysts predict that Sprout Social will post -0.99 EPS for the current fiscal year.

About Sprout Social

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.