Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
Shares of Sprout Social, Inc. (NASDAQ:SPT – Get Rating) have been assigned a consensus recommendation of “Buy” from the twelve analysts that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $104.09.
Several research analysts have recently issued reports on SPT shares. Morgan Stanley reduced their target price on shares of Sprout Social from $110.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 23rd. Needham & Company LLC reduced their target price on shares of Sprout Social from $160.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, February 23rd. Barclays reduced their target price on shares of Sprout Social from $91.00 to $79.00 in a research note on Wednesday, May 4th. Piper Sandler reduced their target price on shares of Sprout Social from $125.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 23rd. Finally, Cantor Fitzgerald reduced their target price on shares of Sprout Social from $99.00 to $80.00 in a research note on Wednesday, May 4th.
In other news, CMO Jamie Cannon Gilpin sold 1,246 shares of Sprout Social stock in a transaction that occurred on Thursday, March 17th. The shares were sold at an average price of $72.38, for a total value of $90,185.48. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $47.15, for a total transaction of $943,000.00. Following the completion of the sale, the chief executive officer now owns 255,939 shares in the company, valued at $12,067,523.85. The disclosure for this sale can be found here. Insiders have sold a total of 143,811 shares of company stock worth $9,576,911 over the last 90 days. Corporate insiders own 13.33% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SPT. Morgan Stanley grew its stake in shares of Sprout Social by 109.7% in the second quarter. Morgan Stanley now owns 320,368 shares of the company’s stock valued at $28,647,000 after buying an additional 167,578 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Sprout Social by 79.2% during the third quarter. Goldman Sachs Group Inc. now owns 72,360 shares of the company’s stock worth $8,824,000 after purchasing an additional 31,981 shares during the period. Credit Suisse AG boosted its position in Sprout Social by 20.2% during the third quarter. Credit Suisse AG now owns 29,945 shares of the company’s stock worth $3,651,000 after purchasing an additional 5,036 shares during the period. Hsbc Holdings PLC boosted its position in Sprout Social by 198.2% during the third quarter. Hsbc Holdings PLC now owns 7,966 shares of the company’s stock worth $976,000 after purchasing an additional 5,295 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Sprout Social during the third quarter worth $14,573,000. 83.30% of the stock is owned by institutional investors and hedge funds.
Shares of Sprout Social stock opened at $50.94 on Friday. The stock has a market capitalization of $2.77 billion, a P/E ratio of -86.34 and a beta of 1.51. The company has a 50-day simple moving average of $58.43 and a 200 day simple moving average of $70.68. Sprout Social has a 12-month low of $38.39 and a 12-month high of $145.42.
Sprout Social (NASDAQ:SPT – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of ($0.17) by ($0.01). Sprout Social had a negative return on equity of 22.10% and a negative net margin of 15.69%. The company had revenue of $57.43 million for the quarter, compared to the consensus estimate of $56.25 million. During the same period in the prior year, the company earned ($0.12) EPS. The firm’s revenue was up 40.7% compared to the same quarter last year. On average, equities analysts predict that Sprout Social will post -0.74 EPS for the current year.
Sprout Social Company Profile (Get Rating)
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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.
See Also
- Get a free copy of the StockNews.com research report on Sprout Social (SPT)
- Three Upgrades You Need To Pay Attention Too
- Consider These Dividend-Paying Stocks During Inflationary Times
- MarketBeat: Week in Review 6/6 – 6/10
- NIO (NYSE: NIO) Justifies Recent Rally
- DocuSign (NASDAQ: DOCU) Collapses Back To Square One
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Sprout Social, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Sprout Social wasn’t on the list.
While Sprout Social currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The 5 Stocks Here
Complete the form below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter:
Kate chats with financial advisor and asset manager Marc Scudillo, who discusses some psychological aspects of investing in the current market, as well as the benefits of specific asset classes and investing styles.
Sign up for MarketBeat All Access to gain access to MarketBeat’s full suite of research tools:
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat’s trending stocks report.
Identify stocks that meet your criteria using seven unique stock screeners. See what’s happening in the market right now with MarketBeat’s real-time news feed. Export data to Excel for your own analysis.
MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.
Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.
Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.
As Featured By:
MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.
Twitter Facebook StockTwits Financial Juice YouTube
© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | U.S. Based Support Team at [email protected] | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.
Our Accessibility Statement | Terms of Service | Do Not Sell My Information | RSS Feeds
© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see disclaimer.
