SPS Commerce (NASDAQ:SPSC) Hits New 1-Year Low – Time to Sell?

SPS Commerce, Inc. (NASDAQ:SPSC)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as $50.07 and last traded at $50.7660, with a volume of 39383 shares trading hands. The stock had previously closed at $51.98.

Analysts Set New Price Targets

Several brokerages recently commented on SPSC. Robert W. Baird set a $86.00 price target on SPS Commerce in a research report on Friday, February 13th. Weiss Ratings upgraded SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. DA Davidson reduced their price objective on SPS Commerce from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Needham & Company LLC reduced their price objective on SPS Commerce from $110.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, May 1st. Finally, Rothschild & Co Redburn set a $60.00 price objective on SPS Commerce and gave the stock a “neutral” rating in a research report on Thursday, April 16th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $76.45.

SPS Commerce Stock Performance

The firm has a market cap of $1.82 billion, a PE ratio of 20.58 and a beta of 0.58. The firm’s 50-day moving average price is $57.13 and its two-hundred day moving average price is $74.45.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, April 30th. The software maker reported $1.10 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The business had revenue of $192.12 million during the quarter, compared to the consensus estimate of $192.51 million. During the same period in the prior year, the company earned $1.00 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. As a group, sell-side analysts predict that SPS Commerce, Inc. will post 3.41 earnings per share for the current fiscal year.

Insider Activity

In other SPS Commerce news, EVP Jamie Thingelstad sold 2,418 shares of the stock in a transaction that occurred on Tuesday, February 24th. The shares were sold at an average price of $54.94, for a total value of $132,844.92. Following the completion of the sale, the executive vice president owned 56,344 shares of the company’s stock, valued at $3,095,539.36. This trade represents a 4.11% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Marty M. Reaume sold 1,000 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of $57.90, for a total value of $57,900.00. Following the completion of the transaction, the director owned 9,158 shares in the company, valued at approximately $530,248.20. This trade represents a 9.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 23,102 shares of company stock worth $1,345,408 over the last three months. Insiders own 0.58% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of SPS Commerce by 5.3% during the third quarter. Vanguard Group Inc. now owns 4,944,449 shares of the software maker’s stock worth $514,915,000 after acquiring an additional 249,351 shares during the last quarter. State Street Corp grew its position in shares of SPS Commerce by 0.6% during the fourth quarter. State Street Corp now owns 1,468,312 shares of the software maker’s stock worth $130,871,000 after acquiring an additional 8,163 shares during the last quarter. UBS Group AG grew its position in shares of SPS Commerce by 182.3% during the fourth quarter. UBS Group AG now owns 1,295,267 shares of the software maker’s stock worth $115,447,000 after acquiring an additional 836,407 shares during the last quarter. Disciplined Growth Investors Inc. MN grew its position in shares of SPS Commerce by 86.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 792,472 shares of the software maker’s stock worth $82,528,000 after acquiring an additional 367,346 shares during the last quarter. Finally, Van Berkom & Associates Inc. grew its position in shares of SPS Commerce by 9.9% during the first quarter. Van Berkom & Associates Inc. now owns 678,236 shares of the software maker’s stock worth $37,757,000 after acquiring an additional 61,350 shares during the last quarter. 98.96% of the stock is currently owned by institutional investors.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.