Brokerages Set Sprout Social, Inc. (NASDAQ:SPT) PT at $25.82

Shares of Sprout Social, Inc. (NASDAQ:SPT) have earned a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $25.8182.

Several equities research analysts have recently commented on SPT shares. Zacks Research downgraded Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research report on Wednesday, October 8th. Canaccord Genuity Group decreased their price objective on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Finally, Morgan Stanley dropped their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a report on Thursday, November 13th.

Insider Activity

In other news, insider Justyn Russell Howard sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $10.22, for a total value of $204,400.00. Following the completion of the sale, the insider directly owned 7,417 shares of the company’s stock, valued at $75,801.74. This trade represents a 72.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 10.12% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Sprout Social

Large investors have recently made changes to their positions in the company. Quarry LP boosted its stake in Sprout Social by 85.2% in the 1st quarter. Quarry LP now owns 1,463 shares of the company’s stock valued at $32,000 after purchasing an additional 673 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Sprout Social by 78.9% in the second 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 during the period. PNC Financial Services Group Inc. boosted its position in shares of Sprout Social by 8.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,367 shares of the company’s stock valued at $206,000 after acquiring an additional 747 shares during the period. Diversified Trust Co grew its stake in shares of Sprout Social by 6.1% in the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock valued at $232,000 after acquiring an additional 1,040 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Sprout Social by 1.6% during the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,264 shares during the period.

Sprout Social Stock Performance

Shares of SPT opened at $11.32 on Friday. The stock has a market capitalization of $670.03 million, a price-to-earnings ratio of -13.98 and a beta of 0.79. Sprout Social has a 12 month low of $9.16 and a 12 month high of $36.30. The firm has a fifty day simple moving average of $10.67 and a 200 day simple moving average of $15.23. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

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

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.