Sprout Social (SPT) Set to Announce Quarterly Earnings on Thursday

Sprout Social (NASDAQ:SPT) will be releasing its earnings data after the market closes on Thursday, November 7th. Analysts expect Sprout Social to post earnings of $0.12 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Sprout Social Trading Down 0.3 %

SPT opened at $27.50 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -20.99 and a beta of 0.99. Sprout Social has a 12 month low of $25.05 and a 12 month high of $68.41. The stock has a fifty day moving average price of $28.36 and a 200-day moving average price of $32.90.

Insider Buying and Selling

In related news, Director Aaron Edward Frederick Rankin sold 1,181 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total value of $34,520.63. Following the transaction, the director now directly owns 42,122 shares of the company’s stock, valued at approximately $1,231,226.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 1,181 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total value of $34,520.63. Following the transaction, the director now owns 42,122 shares in the company, valued at approximately $1,231,226.06. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction on Monday, October 7th. The stock was sold at an average price of $28.23, for a total transaction of $564,600.00. Following the sale, the insider now directly owns 7,417 shares in the company, valued at approximately $209,381.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,882 shares of company stock valued at $1,801,351. 10.97% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SPT has been the topic of several recent analyst reports. Oppenheimer reduced their target price on Sprout Social from $43.00 to $40.00 and set an “outperform” rating on the stock in a research report on Thursday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $46.00 target price on shares of Sprout Social in a research note on Friday, August 2nd. Robert W. Baird upped their price target on shares of Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a research note on Friday, August 2nd. Finally, KeyCorp lowered shares of Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Thursday, August 22nd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Sprout Social has an average rating of “Hold” and an average price target of $48.00.

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.