Sprout Social (SPT) Set to Announce Earnings on Thursday

Sprout Social (NASDAQ:SPT - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Sprout Social to post earnings of $0.12 per share for the quarter. Individual that wish to register for the company's earnings conference call can do so using this link.

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

Sprout Social Stock Down 2.2 %

Shares of SPT traded down $0.59 during midday trading on Thursday, hitting $26.49. The stock had a trading volume of 427,974 shares, compared to its average volume of 749,710. The company has a 50 day simple moving average of $28.59 and a two-hundred day simple moving average of $33.54. Sprout Social has a twelve month low of $25.05 and a twelve month high of $68.41. The firm has a market cap of $1.51 billion, a price-to-earnings ratio of -20.22 and a beta of 0.97. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98.

Insider Activity

In related news, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $30.68, for a total transaction of $613,600.00. Following the completion of the sale, the chief executive officer now directly owns 310,812 shares of the company's stock, valued at approximately $9,535,712.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Ryan Paul Barretto sold 13,306 shares of Sprout Social stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $29.23, for a total transaction of $388,934.38. Following the completion of the sale, the president now directly owns 470,809 shares of the company's stock, valued at approximately $13,761,747.07. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction that occurred on Tuesday, August 6th. The stock was sold at an average price of $30.68, for a total value of $613,600.00. Following the sale, the chief executive officer now directly owns 310,812 shares of the company's stock, valued at approximately $9,535,712.16. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 87,882 shares of company stock valued at $2,570,471 over the last three months. Insiders own 10.97% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on SPT. Barclays dropped their price target on Sprout Social from $48.00 to $38.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. KeyCorp downgraded Sprout Social from a "sector weight" rating to an "underweight" rating and set a $28.00 price target on the stock. in a research note on Thursday, August 22nd. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $46.00 target price on shares of Sprout Social in a research report on Friday, August 2nd. Robert W. Baird upped their target price on Sprout Social from $38.00 to $40.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Finally, Oppenheimer decreased their price target on Sprout Social from $43.00 to $40.00 and set an "outperform" rating for the company in a research note on Thursday, October 24th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $48.00.

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.