The Goldman Sachs Group Cuts Sprout Social (NASDAQ:SPT) Price Target to $8.00

Sprout Social (NASDAQ:SPT) had its price objective cut by The Goldman Sachs Group from $13.00 to $8.00 in a report released on Monday morning,Benzinga reports. They currently have a neutral rating on the stock.

A number of other equities analysts have also recently issued reports on the company. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Thursday, January 22nd. Morgan Stanley lowered their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. KeyCorp reduced their price target on shares of Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a research note on Friday, February 27th. Canaccord Genuity Group reiterated a “hold” rating and set a $9.00 price objective (down from $16.00) on shares of Sprout Social in a report on Friday, February 27th. Finally, Barclays dropped their target price on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a research note on Monday, January 12th. Four research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Sprout Social has a consensus rating of “Hold” and a consensus price target of $13.67.

Sprout Social Price Performance

Sprout Social stock opened at $6.75 on Monday. Sprout Social has a 12-month low of $6.03 and a 12-month high of $27.04. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of 0.20. The firm has a 50-day moving average price of $8.84 and a 200-day moving average price of $10.96. The firm has a market capitalization of $399.53 million, a PE ratio of -9.12 and a beta of 0.94.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.04. Sprout Social had a negative net margin of 9.47% and a negative return on equity of 16.10%. The company had revenue of $120.89 million for the quarter, compared to analyst estimates of $118.68 million. Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. As a group, equities research analysts forecast that Sprout Social will post -0.99 EPS for the current year.

Insider Transactions at Sprout Social

In other Sprout Social news, Director Aaron Edward Frederick Rankin acquired 90,661 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were purchased at an average cost of $11.14 per share, for a total transaction of $1,009,963.54. Following the completion of the purchase, the director owned 114,969 shares in the company, valued at approximately $1,280,754.66. This trade represents a 372.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Justyn Russell Howard sold 23,855 shares of Sprout Social stock in a transaction that occurred on Tuesday, March 3rd. The shares were sold at an average price of $6.76, for a total transaction of $161,259.80. Following the transaction, the insider directly owned 262,376 shares in the company, valued at approximately $1,773,661.76. The trade was a 8.33% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Corporate insiders own 10.12% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

Several institutional investors have recently bought and sold shares of SPT. Vanguard Group Inc. increased its position in shares of Sprout Social by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock worth $76,894,000 after purchasing an additional 274,527 shares in the last quarter. ArrowMark Colorado Holdings LLC increased its position in Sprout Social by 9.8% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 4,723,921 shares of the company’s stock valued at $61,033,000 after buying an additional 421,189 shares in the last quarter. State Street Corp raised its stake in Sprout Social by 8.2% in the fourth quarter. State Street Corp now owns 1,546,142 shares of the company’s stock valued at $17,425,000 after buying an additional 117,757 shares during the last quarter. Topline Capital Management LLC acquired a new stake in Sprout Social in the third quarter worth about $17,555,000. Finally, Geode Capital Management LLC grew its stake in shares of Sprout Social by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 1,254,451 shares of the company’s stock worth $14,141,000 after acquiring an additional 123,983 shares during the last quarter.

Sprout Social Company Profile

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.