Wall Street Zen upgraded shares of Sprout Social (NASDAQ:SPT – Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday morning.
Several other research firms also recently weighed in on SPT. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Morgan Stanley raised their target price on shares of Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday. KeyCorp lifted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a report on Friday, August 7th. Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Finally, Barclays upped their target price on shares of Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Sprout Social has a consensus rating of “Hold” and an average price target of $10.43.
Check Out Our Latest Stock Analysis on SPT
Sprout Social Trading Down 0.8%
Sprout Social (NASDAQ:SPT – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating 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 business had revenue of $123.85 million during 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. Research analysts expect that Sprout Social will post -0.25 earnings per share for the current year.
Insiders Place Their Bets
In related news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction on Friday, July 10th. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00. Following the completion of the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.60% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Haveli Investment Management LLC purchased a new stake in shares of Sprout Social in the second quarter worth about $16,405,033,000. Bank of New York Mellon Corp bought a new position in Sprout Social during the second quarter valued at approximately $1,658,000. GAMMA Investing LLC grew its holdings in Sprout Social by 115.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock valued at $48,000 after buying an additional 3,417 shares in the last quarter. Versant Capital Management Inc grew its holdings in Sprout Social by 4,977.4% during the 2nd quarter. Versant Capital Management Inc now owns 11,932 shares of the company’s stock valued at $90,000 after buying an additional 11,697 shares in the last quarter. Finally, Pacer Advisors Inc. bought a new stake in Sprout Social in the 1st quarter worth approximately $1,500,000.
About Sprout Social
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.
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