Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) reached a new 52-week high on Tuesday. The stock traded as high as $12.24 and last traded at $12.3260, with a volume of 66,959 shares changing hands. The stock had previously closed at $11.66.
Analysts Set New Price Targets
A number of brokerages recently weighed in on SPT. Barclays boosted their price objective on Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Zacks Research lowered Sprout Social from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 12th. Morgan Stanley lifted their price target on Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.88.
Check Out Our Latest Report on Sprout Social
Sprout Social Stock Performance
The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The company’s 50-day simple moving average is $10.67 and its 200-day simple moving average is $8.42. The stock has a market capitalization of $769.49 million, a price-to-earnings ratio of -25.40 and a beta of 1.01.
Sprout Social (NASDAQ:SPT – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. The company had revenue of $123.85 million for the quarter, compared to analyst estimates of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. On average, analysts expect that Sprout Social, Inc. will post -0.02 EPS for the current year.
Insider Buying and Selling
In other Sprout Social news, insider Justyn Howard sold 40,000 shares of Sprout Social stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $11.02, for a total transaction of $440,800.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $81,735.34. The trade was a 84.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 51,612 shares of company stock worth $573,757. 9.60% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Sprout Social
Several institutional investors and hedge funds have recently made changes to their positions in SPT. Haveli Investment Management LLC acquired a new position in shares of Sprout Social in the second quarter worth approximately $16,405,033. LB Partners LLC boosted its holdings in Sprout Social by 144.7% in the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock valued at $8,613,000 after acquiring an additional 893,502 shares during the last quarter. Renaissance Technologies LLC increased its position in Sprout Social by 79.4% during the 1st quarter. Renaissance Technologies LLC now owns 727,762 shares of the company’s stock valued at $4,148,000 after purchasing an additional 322,200 shares during the period. Y Intercept Hong Kong Ltd increased its position in Sprout Social by 252.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 626,762 shares of the company’s stock valued at $3,573,000 after purchasing an additional 448,783 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Sprout Social by 46.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 442,496 shares of the company’s stock worth $2,522,000 after purchasing an additional 141,258 shares during the last quarter.
Sprout Social Company Profile
Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.
The company’s platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.
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