Sprout Social, Inc. (NASDAQ:SPT) Receives $33.85 Average Target Price from Brokerages

Shares of Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) have been given an average rating of "Hold" by the fifteen research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $33.85.

SPT has been the topic of several analyst reports. Oppenheimer decreased their target price on shares of Sprout Social from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 3rd. Barclays decreased their price objective on shares of Sprout Social from $38.00 to $34.00 and set an "overweight" rating on the stock in a research report on Wednesday, February 26th. Scotiabank dropped their target price on shares of Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a report on Thursday, February 27th. Stifel Nicolaus cut their target price on Sprout Social from $45.00 to $34.00 and set a "buy" rating on the stock in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group upped their price target on Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, February 3rd.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the business's stock in a transaction dated Thursday, February 6th. The stock was sold at an average price of $32.59, for a total value of $1,303,600.00. Following the completion of the transaction, the insider now owns 7,417 shares of the company's stock, valued at approximately $241,720.03. The trade was a 84.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $30.99, for a total transaction of $520,632.00. Following the transaction, the chief executive officer now owns 153,375 shares in the company, valued at approximately $4,753,091.25. This trade represents a 9.87 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 106,800 shares of company stock worth $3,413,532. 10.97% of the stock is owned by insiders.

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Institutional Investors Weigh In On Sprout Social

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP raised its position in Sprout Social by 100.9% during the third quarter. Quarry LP now owns 1,573 shares of the company's stock valued at $46,000 after purchasing an additional 790 shares during the period. US Bancorp DE lifted its position in Sprout Social by 2,392.6% in the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after buying an additional 1,627 shares during the last quarter. KBC Group NV boosted its stake in Sprout Social by 77.1% during the fourth quarter. KBC Group NV now owns 2,525 shares of the company's stock worth $78,000 after buying an additional 1,099 shares during the period. Assetmark Inc. increased its position in Sprout Social by 27.5% during the third quarter. Assetmark Inc. now owns 3,717 shares of the company's stock valued at $108,000 after acquiring an additional 801 shares during the last quarter. Finally, Yarbrough Capital LLC purchased a new stake in shares of Sprout Social in the fourth quarter valued at $206,000.

Sprout Social Trading Down 4.4 %

NASDAQ:SPT traded down $1.09 during trading hours on Friday, reaching $23.44. The company's stock had a trading volume of 1,048,949 shares, compared to its average volume of 639,139. The firm has a 50-day simple moving average of $30.91 and a 200-day simple moving average of $30.20. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. Sprout Social has a 1 year low of $22.95 and a 1 year high of $62.34. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -19.53 and a beta of 1.11.

Sprout Social (NASDAQ:SPT - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $106.74 million. Research analysts expect that Sprout Social will post -0.99 EPS for the current fiscal year.

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.