SPS Commerce (NASDAQ:SPSC) Hits New 1-Year Low – Here’s Why

SPS Commerce, Inc. (NASDAQ:SPSC) reached a new 52-week low during trading on Monday . The company traded as low as $54.67 and last traded at $54.6680, with a volume of 34759 shares traded. The stock had previously closed at $57.95.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on SPSC. Wall Street Zen downgraded SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Morgan Stanley set a $95.00 price target on SPS Commerce in a report on Friday, February 13th. Cantor Fitzgerald set a $70.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. DA Davidson lowered their price objective on shares of SPS Commerce from $80.00 to $65.00 and set a “neutral” rating for the company in a research report on Tuesday, February 17th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price (down from $160.00) on shares of SPS Commerce in a research note on Friday, October 31st. One investment 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 MarketBeat, SPS Commerce currently has a consensus rating of “Hold” and a consensus target price of $87.40.

SPS Commerce Price Performance

The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 22.10 and a beta of 0.56. The stock has a 50-day moving average of $83.40 and a 200 day moving average of $93.89.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.14. The company had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. Sell-side analysts anticipate that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In related news, EVP Jamie Thingelstad sold 2,418 shares of SPS Commerce stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total transaction of $132,844.92. Following the completion of the sale, the executive vice president directly owned 56,344 shares of the company’s stock, valued at $3,095,539.36. The trade was a 4.11% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Chadwick Collins sold 13,384 shares of the stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $785,105.44. Following the completion of the transaction, the chief executive officer directly owned 72,241 shares in the company, valued at $4,237,657.06. The trade was a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 24,834 shares of company stock worth $1,527,223. 0.98% of the stock is currently owned by insiders.

Institutional Trading of SPS Commerce

Hedge funds have recently modified their holdings of the company. Advisors Asset Management Inc. boosted its stake in SPS Commerce by 39.9% during the 1st quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after acquiring an additional 112 shares during the last quarter. Profund Advisors LLC raised its holdings in SPS Commerce by 6.4% in the second quarter. Profund Advisors LLC now owns 1,892 shares of the software maker’s stock worth $257,000 after purchasing an additional 114 shares during the period. Benjamin Edwards Inc. raised its holdings in SPS Commerce by 4.0% in the third quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker’s stock worth $321,000 after purchasing an additional 120 shares during the period. State of Alaska Department of Revenue boosted its position in shares of SPS Commerce by 0.6% during the fourth quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock worth $1,870,000 after purchasing an additional 126 shares in the last quarter. Finally, Park Place Capital Corp grew its holdings in shares of SPS Commerce by 29.7% in the 4th quarter. Park Place Capital Corp now owns 564 shares of the software maker’s stock valued at $50,000 after buying an additional 129 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Company Profile

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.