Sprout Social, Inc. (NASDAQ:SPT) Stock Has Average Target Price of $10.43

Shares of Sprout Social, Inc. (NASDAQ:SPT) have earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $10.43.

SPT has been the topic of a number of research analyst reports. Morgan Stanley raised their price target on shares of Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th. Barclays upped their price objective on shares of Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. Finally, KeyCorp boosted their target price on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th.

Sprout Social Trading Down 0.7%

Sprout Social stock opened at $11.00 on Friday. The stock has a 50-day simple moving average of $10.29 and a 200 day simple moving average of $8.07. The stock has a market capitalization of $666.49 million, a P/E ratio of -22.00 and a beta of 1.01. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. Sprout Social has a 52 week low of $4.92 and a 52 week high of $12.06.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $123.85 million during the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%. 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. Analysts expect that Sprout Social will post -0.02 earnings per share for the current year.

Insider Transactions at Sprout Social

In related news, insider Justyn Howard sold 10,895 shares of the stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of $11.45, for a total value of $124,747.75. Following the completion of the sale, the insider directly owned 239,840 shares in the company, valued at $2,746,168. This represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Pale Fire Capital SE bought a new position in shares of Sprout Social in the first quarter worth approximately $1,960,000. Arrowstreet Capital Limited Partnership lifted its position in Sprout Social by 46.9% during the first quarter. Arrowstreet Capital Limited Partnership now owns 442,496 shares of the company’s stock valued at $2,522,000 after purchasing an additional 141,258 shares during the last quarter. Pacer Advisors Inc. purchased a new position in Sprout Social in the 1st quarter worth approximately $1,500,000. Bank of New York Mellon Corp purchased a new position in Sprout Social in the 2nd quarter worth approximately $1,658,000. Finally, EVR Research LP bought a new position in shares of Sprout Social in the 4th quarter worth $3,381,000.

About Sprout Social

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.