SPS Commerce (NASDAQ:SPSC - Free Report) had its target price reduced by Needham & Company LLC from $230.00 to $210.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the software maker's stock.
SPSC has been the topic of a number of other research reports. Northland Securities reissued a "market perform" rating and issued a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday. Stifel Nicolaus cut their target price on SPS Commerce from $250.00 to $225.00 and set a "buy" rating on the stock in a research report on Friday, January 3rd. Robert W. Baird boosted their target price on SPS Commerce from $186.00 to $188.00 and gave the company a "neutral" rating in a research report on Monday, October 28th. Piper Sandler assumed coverage on SPS Commerce in a research report on Monday, November 25th. They set a "neutral" rating and a $198.00 price objective on the stock. Finally, Citigroup cut their price objective on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research report on Monday, January 27th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, SPS Commerce currently has an average rating of "Moderate Buy" and an average target price of $207.11.
Check Out Our Latest Report on SPSC
SPS Commerce Price Performance
Shares of SPSC stock traded down $1.44 during trading on Tuesday, hitting $147.06. 228,216 shares of the stock traded hands, compared to its average volume of 261,897. The firm has a market capitalization of $5.52 billion, a P/E ratio of 70.45 and a beta of 0.88. The firm's fifty day moving average price is $186.73 and its 200-day moving average price is $189.28. SPS Commerce has a 52-week low of $146.91 and a 52-week high of $218.61.
SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.83% and a return on equity of 12.60%. As a group, equities research analysts expect that SPS Commerce will post 2.38 earnings per share for the current year.
Insider Buying and Selling
In related news, EVP Dan Juckniess sold 9,819 shares of the business's stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the completion of the transaction, the executive vice president now owns 22,570 shares in the company, valued at approximately $4,167,776.20. The trade was a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Kimberly K. Nelson sold 9,290 shares of the business's stock in a transaction on Wednesday, February 5th. The stock was sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the transaction, the chief financial officer now owns 147,002 shares of the company's stock, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,230 shares of company stock worth $6,379,187. Corporate insiders own 1.00% of the company's stock.
Hedge Funds Weigh In On SPS Commerce
Institutional investors and hedge funds have recently modified their holdings of the company. Blue Trust Inc. increased its position in shares of SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after purchasing an additional 100 shares in the last quarter. Advisors Asset Management Inc. grew its stake in SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after buying an additional 100 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in SPS Commerce during the fourth quarter worth approximately $40,000. Hurley Capital LLC purchased a new stake in SPS Commerce in the fourth quarter valued at approximately $41,000. Finally, R Squared Ltd acquired a new stake in shares of SPS Commerce in the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 98.96% of the company's stock.
About SPS Commerce
(
Get Free Report)
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.
Read More
Before you consider SPS Commerce, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and SPS Commerce wasn't on the list.
While SPS Commerce currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
