Sprout Social (NASDAQ:SPT) Sets New 1-Year High – Should You Buy?

Sprout Social, Inc. (NASDAQ:SPT) reached a new 52-week high during trading on Tuesday. The company traded as high as $12.24 and last traded at $12.3260, with a volume of 66,959 shares changing hands. The stock had previously closed at $11.66.

Analyst Ratings Changes

A number of research firms recently weighed in on SPT. Wall Street Zen raised shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 15th. KeyCorp boosted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday, August 7th. Morgan Stanley upped 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Thursday. Finally, Stifel Nicolaus increased their price objective on shares of Sprout Social from $12.00 to $14.00 and gave the company a “buy” rating in a research report on Wednesday, October 14th. Four investment 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. According to MarketBeat, Sprout Social has an average rating of “Hold” and an average price target of $10.88.

Sprout Social Stock Up 5.5%

The company has a 50 day simple moving average of $10.55 and a two-hundred day simple moving average of $8.32. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The company has a market capitalization of $745.26 million, a P/E ratio of -24.52 and a beta of 1.01.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The firm had revenue of $123.85 million during the quarter, compared to analysts’ expectations 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, equities analysts predict that Sprout Social, Inc. will post -0.02 EPS for the current year.

Insider Transactions at Sprout Social

In other Sprout Social news, insider Justyn Howard sold 40,000 shares of Sprout Social stock in a transaction on 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 transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $81,735.34. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 ninety days. 9.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprout Social

Several hedge funds and other institutional investors have recently made changes to their positions in SPT. SG Americas Securities LLC increased its holdings in Sprout Social by 10.7% in the 1st quarter. SG Americas Securities LLC now owns 34,463 shares of the company’s stock valued at $196,000 after purchasing an additional 3,319 shares during the last quarter. GAMMA Investing LLC lifted its stake in Sprout Social by 115.8% during the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after purchasing an additional 3,417 shares in the last quarter. WINTON GROUP Ltd lifted its stake in Sprout Social by 15.4% during the second quarter. WINTON GROUP Ltd now owns 27,000 shares of the company’s stock worth $204,000 after purchasing an additional 3,600 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Sprout Social by 27.2% during the first quarter. PNC Financial Services Group Inc. now owns 20,889 shares of the company’s stock worth $119,000 after purchasing an additional 4,467 shares in the last quarter. Finally, Essential Partners LLC boosted its position in shares of Sprout Social by 724.9% during the first quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock worth $37,000 after buying an additional 5,756 shares during the period.

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.