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

Shares of Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) have earned a consensus rating of "Hold" from the fifteen brokerages that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $44.54.

Several research firms have issued reports on SPT. Piper Sandler decreased their price objective on shares of Sprout Social from $40.00 to $29.00 and set a "neutral" rating for the company in a research note on Monday, November 11th. Scotiabank assumed coverage on shares of Sprout Social in a report on Monday, November 18th. They set a "sector perform" rating and a $28.00 target price on the stock. Morgan Stanley increased their price target on Sprout Social from $36.00 to $37.00 and gave the company an "equal weight" rating in a report on Monday. Oppenheimer reduced their price objective on Sprout Social from $40.00 to $38.00 and set an "outperform" rating on the stock in a research note on Tuesday, December 3rd. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 target price on shares of Sprout Social in a research note on Wednesday.

Insider Activity

In other news, Director Karen Walker sold 5,000 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the sale, the director now owns 35,665 shares in the company, valued at approximately $1,221,169.60. This represents a 12.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Paul Barretto sold 13,465 shares of the stock in a transaction dated Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total transaction of $423,474.25. Following the transaction, the chief executive officer now directly owns 546,343 shares in the company, valued at $17,182,487.35. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 80,265 shares of company stock worth $2,533,406. 10.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprout Social

A number of institutional investors have recently made changes to their positions in SPT. Wellington Management Group LLP lifted its stake in Sprout Social by 16.0% during the third quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company's stock worth $109,374,000 after purchasing an additional 519,406 shares during the last quarter. Clearbridge Investments LLC lifted its position in shares of Sprout Social by 3.9% in the 2nd quarter. Clearbridge Investments LLC now owns 2,694,797 shares of the company's stock worth $96,150,000 after buying an additional 100,890 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Sprout Social by 1.0% in the 3rd quarter. Jennison Associates LLC now owns 2,164,256 shares of the company's stock valued at $62,915,000 after buying an additional 21,186 shares during the period. Dorsey Asset Management LLC bought a new stake in shares of Sprout Social during the 2nd quarter valued at about $61,583,000. Finally, State Street Corp raised its stake in Sprout Social by 0.5% during the third quarter. State Street Corp now owns 1,227,099 shares of the company's stock worth $35,672,000 after acquiring an additional 5,557 shares during the period.

Sprout Social Trading Up 2.1 %

Shares of SPT stock traded up $0.65 on Thursday, reaching $32.27. 1,192,073 shares of the stock were exchanged, compared to its average volume of 510,267. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.85 billion, a P/E ratio of -26.89 and a beta of 1.03. The firm has a 50 day moving average of $31.52 and a two-hundred day moving average of $31.35. Sprout Social has a 1-year low of $25.05 and a 1-year high of $68.41.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The firm had revenue of $102.64 million for the quarter, compared to analyst estimates of $102.04 million. On average, research analysts anticipate that Sprout Social will post -0.99 EPS for the current 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.