Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) has earned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $51.31.
SPT has been the topic of a number of recent analyst reports. Barclays cut their price target on shares of Sprout Social from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. KeyCorp lowered Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 target price for the company. in a report on Thursday, August 22nd. Needham & Company LLC restated a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a research note on Friday, August 2nd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $46.00 price objective on shares of Sprout Social in a research report on Friday, August 2nd. Finally, Robert W. Baird boosted their target price on Sprout Social from $38.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd.
View Our Latest Research Report on SPT
Insider Transactions at Sprout Social
Institutional Trading of Sprout Social
Hedge funds and other institutional investors have recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new position in Sprout Social in the 1st quarter worth approximately $27,000. Quarry LP boosted its position in shares of Sprout Social by 2,346.9% during the second quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after acquiring an additional 751 shares during the last quarter. EntryPoint Capital LLC purchased a new position in Sprout Social during the first quarter valued at $37,000. Covestor Ltd lifted its stake in Sprout Social by 35,450.0% in the 1st quarter. Covestor Ltd now owns 711 shares of the company’s stock worth $42,000 after purchasing an additional 709 shares in the last quarter. Finally, Bessemer Group Inc. purchased a new position in shares of Sprout Social during the first quarter valued at about $61,000.
Sprout Social Trading Up 3.7 %
Sprout Social stock opened at $27.79 on Friday. Sprout Social has a 12 month low of $25.05 and a 12 month high of $68.41. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -22.23 and a beta of 0.98. The business’s fifty day simple moving average is $33.06 and its two-hundred day simple moving average is $40.37. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.26.
Sprout Social (NASDAQ:SPT – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $99.40 million for the quarter, compared to analysts’ expectations of $98.70 million. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. Sprout Social’s revenue was up 25.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.23) EPS. As a group, equities analysts predict that Sprout Social will post -0.9 earnings per share for the current fiscal year.
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.
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