Sprout Social, Inc. (NASDAQ:SPT) Receives Average Rating of "Hold" from Analysts

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) has received a consensus rating of "Hold" from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $33.85.

Several equities analysts have commented on the stock. Canaccord Genuity Group lowered 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. Morgan Stanley reduced their target price on Sprout Social from $37.00 to $30.00 and set an "equal weight" rating for the company in a report on Wednesday, February 26th. The Goldman Sachs Group dropped their price target on shares of Sprout Social from $34.00 to $29.00 and set a "neutral" rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC decreased their price objective on shares of Sprout Social from $55.00 to $32.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, Barclays cut their target price on shares of Sprout Social from $38.00 to $34.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th.

Sprout Social Stock Down 4.9 %

Shares of SPT stock traded down $1.03 during trading on Tuesday, hitting $19.71. 511,767 shares of the company were exchanged, compared to its average volume of 739,403. The business's 50-day simple moving average is $27.88 and its 200 day simple moving average is $29.43. Sprout Social has a twelve month low of $19.21 and a twelve month high of $59.04. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of -16.42 and a beta of 1.11. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96.

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

Insider Activity at Sprout Social

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 23,646 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the completion of the transaction, the director now directly owns 42,122 shares in the company, valued at $1,035,358.76. This represents a 35.95 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Justyn Russell Howard sold 40,000 shares of the business's stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $31.67, for a total transaction of $1,266,800.00. Following the completion of the sale, the insider now owns 27,136 shares in the company, valued at $859,397.12. This represents a 59.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,646 shares of company stock valued at $3,302,919 over the last quarter. 10.97% of the stock is owned by company insiders.

Institutional Trading of Sprout Social

Hedge funds have recently modified their holdings of the company. Stifel Financial Corp increased its holdings in Sprout Social by 0.4% during the 4th quarter. Stifel Financial Corp now owns 83,141 shares of the company's stock valued at $2,553,000 after purchasing an additional 351 shares in the last quarter. Invesco Ltd. increased its stake in shares of Sprout Social by 1.8% in the fourth quarter. Invesco Ltd. now owns 22,861 shares of the company's stock valued at $702,000 after buying an additional 397 shares in the last quarter. Quarry LP raised its holdings in shares of Sprout Social by 100.9% in the third quarter. Quarry LP now owns 1,573 shares of the company's stock valued at $46,000 after buying an additional 790 shares during the last quarter. Franklin Resources Inc. lifted its position in Sprout Social by 5.4% during the 3rd quarter. Franklin Resources Inc. now owns 20,256 shares of the company's stock worth $576,000 after buying an additional 1,034 shares in the last quarter. Finally, Sei Investments Co. grew its holdings in Sprout Social by 3.0% during the 4th quarter. Sei Investments Co. now owns 35,893 shares of the company's stock worth $1,102,000 after acquiring an additional 1,038 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.