DA Davidson Lowers SPS Commerce (NASDAQ:SPSC) Price Target to $175.00

SPS Commerce (NASDAQ:SPSC - Get Free Report) had its price objective reduced by DA Davidson from $245.00 to $175.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the software maker's stock. DA Davidson's target price suggests a potential upside of 35.60% from the company's previous close. DA Davidson also issued estimates for SPS Commerce's Q1 2025 earnings at $0.59 EPS, FY2025 earnings at $2.72 EPS and FY2026 earnings at $3.17 EPS.

Several other equities analysts also recently issued reports on SPSC. Citigroup reduced their price objective on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a research report on Monday, January 27th. Stifel Nicolaus decreased their price target on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Robert W. Baird decreased their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Northland Securities reiterated a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Wednesday, March 26th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $199.89.

SPS Commerce Price Performance

NASDAQ:SPSC traded up $0.40 during trading hours on Monday, reaching $129.06. 243,688 shares of the company traded hands, compared to its average volume of 232,435. SPS Commerce has a 1-year low of $120.09 and a 1-year high of $218.61. The stock has a market cap of $4.91 billion, a P/E ratio of 63.27 and a beta of 0.89. The firm's 50-day moving average is $133.87 and its 200-day moving average is $168.78.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last issued its earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, research analysts predict that SPS Commerce will post 2.73 earnings per share for the current year.

Insider Buying and Selling

In other SPS Commerce news, CEO Chadwick Collins sold 2,840 shares of the firm's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total value of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares of the company's stock, valued at approximately $780,608,100.72. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.17, for a total value of $597,717.78. Following the transaction, the chief financial officer now directly owns 2,442,968 shares of the company's stock, valued at approximately $361,974,568.56. The trade was a 0.16 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 37,864 shares of company stock valued at $6,613,078 over the last 90 days. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of SPS Commerce

A number of large investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB grew its stake in SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after acquiring an additional 125 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the 4th quarter worth approximately $40,000. Hurley Capital LLC bought a new stake in SPS Commerce in the 4th quarter valued at about $41,000. Blue Trust Inc. lifted its position in shares of SPS Commerce by 49.1% during the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker's stock worth $47,000 after acquiring an additional 84 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in SPS Commerce by 4,155.6% during the 1st quarter. Versant Capital Management Inc now owns 383 shares of the software maker's stock worth $51,000 after acquiring an additional 374 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.