SPS Commerce (NASDAQ:SPSC) Hits New 52-Week Low – Here’s Why

SPS Commerce, Inc. (NASDAQ:SPSC)’s share price reached a new 52-week low on Wednesday . The company traded as low as $70.10 and last traded at $69.5010, with a volume of 107590 shares traded. The stock had previously closed at $74.83.

Wall Street Analyst Weigh In

Several analysts have weighed in on SPSC shares. Morgan Stanley set a $100.00 target price on shares of SPS Commerce and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. DA Davidson dropped their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Stifel Nicolaus reissued a “hold” rating and issued a $80.00 target price (down from $150.00) on shares of SPS Commerce in a research report on Friday, October 31st. Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a research note on Thursday, January 22nd. Finally, Northland Securities set a $109.00 price objective on SPS Commerce in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $99.22.

SPS Commerce Trading Down 9.5%

The firm has a market cap of $2.55 billion, a price-to-earnings ratio of 30.43 and a beta of 0.56. The company has a fifty day moving average price of $88.46 and a 200-day moving average price of $97.94.

Insider Transactions at SPS Commerce

In other SPS Commerce news, Director Marty M. Reaume sold 1,732 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The stock was sold at an average price of $92.26, for a total value of $159,794.32. Following the sale, the director owned 9,158 shares in the company, valued at approximately $844,917.08. This represents a 15.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.98% of the company’s stock.

Institutional Trading of SPS Commerce

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of SPS Commerce by 2.9% in the fourth quarter. JPMorgan Chase & Co. now owns 478,503 shares of the software maker’s stock worth $42,649,000 after acquiring an additional 13,546 shares during the period. State of Wyoming raised its holdings in SPS Commerce by 10.8% in the 4th quarter. State of Wyoming now owns 1,792 shares of the software maker’s stock worth $160,000 after purchasing an additional 174 shares during the period. Goldman Sachs Group Inc. raised its holdings in SPS Commerce by 69.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 661,610 shares of the software maker’s stock worth $58,969,000 after purchasing an additional 270,424 shares during the period. BNP Paribas Financial Markets boosted its position in SPS Commerce by 51.1% during the fourth quarter. BNP Paribas Financial Markets now owns 244,529 shares of the software maker’s stock worth $21,795,000 after purchasing an additional 82,686 shares in the last quarter. Finally, Norges Bank acquired a new stake in SPS Commerce in the fourth quarter valued at approximately $49,883,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.