Sprout Social, Inc. (SPT) – What Are Brokerages Thinking About This Stock?

Shares of Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) have received an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.88.

A number of equities analysts have commented on the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Thursday, October 15th. Zacks Research cut shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Morgan Stanley raised their price objective 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. Stifel Nicolaus upped their price target on Sprout Social from $12.00 to $14.00 and gave the stock a “buy” rating in a report on Wednesday, October 14th. Finally, Barclays raised their price objective on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a report on Tuesday, August 11th.

Read Our Latest Stock Report on SPT

Sprout Social Stock Performance

SPT opened at $11.93 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. Sprout Social has a 52-week low of $4.92 and a 52-week high of $13.35. The company has a market cap of $722.84 million, a P/E ratio of -23.86 and a beta of 0.95. The firm’s 50-day moving average price is $11.09 and its 200-day moving average price is $8.28.

Sprout Social (NASDAQ:SPT – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.16. The firm had revenue of $125.15 million during the quarter, compared to the consensus estimate of $123.83 million. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%. As a group, equities analysts anticipate that Sprout Social will post -0.02 EPS for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Howard sold 40,000 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $11.02, for a total transaction of $440,800.00. Following the completion of the sale, the insider owned 7,417 shares in the company, valued at approximately $81,735.34. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 51,612 shares of company stock valued at $573,757 over the last three months. 9.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Sprout Social

Hedge funds have recently modified their holdings of the business. Haveli Investment Management LLC acquired a new stake in shares of Sprout Social during the second quarter valued at $16,405,033. LB Partners LLC increased its position in Sprout Social by 144.7% during the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock worth $8,613,000 after purchasing an additional 893,502 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Sprout Social by 79.4% in the first quarter. Renaissance Technologies LLC now owns 727,762 shares of the company’s stock valued at $4,148,000 after acquiring an additional 322,200 shares during the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Sprout Social by 252.2% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 626,762 shares of the company’s stock worth $3,573,000 after purchasing an additional 448,783 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Sprout Social by 46.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 442,496 shares of the company’s stock worth $2,522,000 after acquiring an additional 141,258 shares in the last quarter.

Key Stories Impacting Sprout Social

Here are the key news stories impacting Sprout Social this week:

About Sprout Social

(Get Free Report)

Sprout Social, Inc is a software company that provides a cloud-based social media management platform for businesses and organizations. Its platform helps customers manage social media publishing, engagement, customer care, analytics, listening and employee advocacy from a centralized environment.

The company’s products are designed to help marketing, communications, sales and customer service teams plan and publish content, monitor conversations, respond to audiences, evaluate social media performance and gain insights from online activity.

See Also

Analyst Recommendations for Sprout Social (NASDAQ:SPT)

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