Barclays Has Lowered Expectations for Sprout Social (NASDAQ:SPT) Stock Price

Sprout Social (NASDAQ:SPT - Get Free Report) had its target price lowered by research analysts at Barclays from $34.00 to $26.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the stock. Barclays's target price would suggest a potential upside of 28.49% from the stock's current price.

SPT has been the topic of a number of other reports. Morgan Stanley cut their price target on shares of Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price target on Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. Scotiabank lowered their target price on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a research note on Thursday, February 27th. Jefferies Financial Group lifted their price objective on shares of Sprout Social from $34.00 to $42.00 and gave the stock a "buy" rating in a report on Monday, February 3rd. Finally, Canaccord Genuity Group decreased their target price on shares of Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Sprout Social currently has a consensus rating of "Hold" and an average target price of $32.15.

Sprout Social Stock Up 3.6 %

SPT traded up $0.71 during mid-day trading on Monday, reaching $20.24. 18,242 shares of the stock were exchanged, compared to its average volume of 748,355. The company has a 50 day moving average price of $23.66 and a two-hundred day moving average price of $28.44. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.17 billion, a PE ratio of -16.81 and a beta of 1.11. Sprout Social has a 1 year low of $18.52 and a 1 year high of $52.96.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35). The company had revenue of $107.09 million during the quarter, compared to analysts' expectations of $106.74 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. As a group, research analysts anticipate that Sprout Social will post -0.99 EPS for the current year.

Insider Activity at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the business's stock in a transaction dated Thursday, February 6th. The shares were sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the sale, the insider now owns 7,417 shares of the company's stock, valued at $241,720.03. The trade was a 84.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the business's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the sale, the director now directly owns 42,122 shares in the company, valued at $1,035,358.76. The trade was a 35.95 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 125,446 shares of company stock worth $3,115,839 over the last 90 days. 10.97% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in SPT. Barclays PLC lifted its stake in shares of Sprout Social by 339.5% in the third quarter. Barclays PLC now owns 90,234 shares of the company's stock worth $2,623,000 after buying an additional 69,704 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Sprout Social by 1.9% in the third quarter. Geode Capital Management LLC now owns 1,175,538 shares of the company's stock worth $34,179,000 after purchasing an additional 22,320 shares during the last quarter. Franklin Resources Inc. grew its position in Sprout Social by 5.4% in the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company's stock worth $576,000 after purchasing an additional 1,034 shares during the period. Principal Financial Group Inc. lifted its holdings in shares of Sprout Social by 20.0% during the 3rd quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company's stock valued at $34,868,000 after buying an additional 200,190 shares during the period. Finally, JPMorgan Chase & Co. boosted its stake in shares of Sprout Social by 324.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 402,947 shares of the company's stock worth $11,714,000 after buying an additional 307,906 shares during the last quarter.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.