Sprout Social (NASDAQ:SPT) Stock Price Target Raised at Stifel Nicolaus

Sprout Social (NASDAQ:SPT) had its target price increased by investment analysts at Stifel Nicolaus from $12.00 to $14.00 in a report issued on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 25.00% from the company’s current price.

A number of other analysts have also recently issued reports on SPT. KeyCorp increased their target price on Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Zacks Research lowered shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a research note on Monday. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Wall Street Zen upgraded shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. Finally, Barclays increased 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. Four research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $10.88.

Sprout Social Stock Performance

SPT stock opened at $11.20 on Wednesday. Sprout Social has a 1-year low of $4.92 and a 1-year high of $12.06. 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 firm has a market cap of $678.61 million, a PE ratio of -22.40 and a beta of 1.01. The business’s 50-day moving average price is $10.39 and its two-hundred day moving average price is $8.16.

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, topping the consensus estimate of $0.16 by $0.10. The company 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. As a group, research analysts forecast that Sprout Social will post -0.02 earnings per share for the current year.

Insider Activity at Sprout Social

In other news, insider Justyn Howard sold 40,000 shares of the business’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $11.02, for a total value of $440,800.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at $81,735.34. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 in the last 90 days. Insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

Hedge funds and other institutional investors have recently bought and sold shares of the company. Essential Partners LLC lifted its stake in Sprout Social by 724.9% in the 1st quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock valued at $37,000 after acquiring an additional 5,756 shares in the last quarter. GAMMA Investing LLC boosted its position in Sprout Social by 115.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after acquiring an additional 3,417 shares during the last quarter. Commonwealth Financial Services LLC acquired a new position in Sprout Social during the 1st quarter worth approximately $58,000. Integrated Wealth Concepts LLC bought a new position in shares of Sprout Social during the 2nd quarter worth approximately $84,000. Finally, Versant Capital Management Inc grew its stake in shares of Sprout Social by 4,977.4% during the 2nd quarter. Versant Capital Management Inc now owns 11,932 shares of the company’s stock worth $90,000 after acquiring an additional 11,697 shares in 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.