Sprout Social, Inc. (NASDAQ:SPT) Receives $48.00 Average PT from Analysts

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) has been given a consensus recommendation of "Hold" by the fourteen analysts that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $48.00.

SPT has been the topic of a number of research analyst reports. Oppenheimer reduced their price target on shares of Sprout Social from $43.00 to $40.00 and set an "outperform" rating on the stock in a research note on Thursday, October 24th. Cantor Fitzgerald reiterated an "overweight" rating and set a $46.00 price target on shares of Sprout Social in a report on Friday, August 2nd. Robert W. Baird boosted their price target on shares of Sprout Social from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Barclays lowered their price target on shares of Sprout Social from $48.00 to $38.00 and set an "overweight" rating for the company in a report on Friday, October 11th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $55.00 price target on shares of Sprout Social in a report on Friday, August 2nd.

Insider Activity at Sprout Social

In related news, Director Aaron Edward Frederick Rankin sold 1,181 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total value of $34,520.63. Following the sale, the director now directly owns 42,122 shares of the company's stock, valued at approximately $1,231,226.06. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Sprout Social news, Director Karen Walker sold 3,500 shares of the firm's stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $31.14, for a total transaction of $108,990.00. Following the sale, the director now directly owns 40,665 shares of the company's stock, valued at $1,266,308.10. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Aaron Edward Frederick Rankin sold 1,181 shares of the firm's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total transaction of $34,520.63. Following the sale, the director now directly owns 42,122 shares in the company, valued at $1,231,226.06. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 87,882 shares of company stock valued at $2,570,471. Insiders own 10.97% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Assetmark Inc. lifted its holdings in shares of Sprout Social by 27.5% during the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company's stock worth $108,000 after acquiring an additional 801 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 worth $34,868,000 after acquiring an additional 200,190 shares during the period. Impax Asset Management Group plc lifted its holdings in shares of Sprout Social by 46.6% during the 3rd quarter. Impax Asset Management Group plc now owns 188,724 shares of the company's stock worth $5,486,000 after acquiring an additional 60,000 shares during the period. Emerald Advisers LLC lifted its holdings in shares of Sprout Social by 116.0% during the 3rd quarter. Emerald Advisers LLC now owns 263,041 shares of the company's stock worth $7,647,000 after acquiring an additional 141,252 shares during the period. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Sprout Social by 133.3% in the third quarter. Emerald Mutual Fund Advisers Trust now owns 145,052 shares of the company's stock valued at $4,217,000 after buying an additional 82,879 shares during the period.

Sprout Social Price Performance

Shares of NASDAQ:SPT traded up $0.48 during midday trading on Friday, hitting $26.97. The company's stock had a trading volume of 396,218 shares, compared to its average volume of 338,022. The business's 50 day simple moving average is $28.47 and its 200 day simple moving average is $33.21. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $1.54 billion, a P/E ratio of -20.59 and a beta of 0.99. Sprout Social has a 12-month low of $25.05 and a 12-month high of $68.41.

Sprout Social (NASDAQ:SPT - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.01. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. The firm had revenue of $99.40 million for the quarter, compared to the consensus estimate of $98.70 million. During the same period last year, the firm posted ($0.23) earnings per share. The company's revenue for the quarter was up 25.3% on a year-over-year basis. On average, analysts forecast that Sprout Social will post -0.9 EPS for the current year.

About Sprout Social

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.