Sprout Social (NASDAQ:SPT) Releases Earnings Results, Misses Estimates By $0.35 EPS

Sprout Social (NASDAQ:SPT - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.35), Zacks reports. The firm had revenue of $107.09 million for the quarter, compared to analysts' expectations of $106.74 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Sprout Social updated its FY 2025 guidance to 0.650-0.740 EPS and its Q1 2025 guidance to 0.140-0.160 EPS.

Sprout Social Stock Down 3.0 %

Shares of NASDAQ SPT traded down $0.83 during mid-day trading on Friday, hitting $26.52. 910,023 shares of the stock traded hands, compared to its average volume of 588,031. 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 52 week low of $25.05 and a 52 week high of $64.91. The company has a market cap of $1.52 billion, a price-to-earnings ratio of -22.10 and a beta of 1.06. The stock has a fifty day moving average price of $31.51 and a 200-day moving average price of $30.48.

Insider Activity at Sprout Social

In other Sprout Social news, CEO Ryan Paul Barretto sold 13,465 shares of the business's stock in a transaction on Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total value of $423,474.25. Following the sale, the chief executive officer now directly owns 546,343 shares of the company's stock, valued at approximately $17,182,487.35. The trade was a 2.41 % 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, Director Karen Walker sold 5,000 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $30.26, for a total value of $151,300.00. Following the completion of the sale, the director now directly owns 30,665 shares in the company, valued at $927,922.90. This trade represents a 14.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 120,265 shares of company stock worth $3,837,006 over the last ninety days. 10.97% of the stock is owned by corporate insiders.

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Analyst Ratings Changes

SPT has been the topic of a number of analyst reports. The Goldman Sachs Group decreased their price target on Sprout Social from $34.00 to $29.00 and set a "neutral" rating on the stock in a research note on Wednesday. Scotiabank decreased their price target on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a research note on Thursday. Morgan Stanley decreased their price target on Sprout Social from $37.00 to $30.00 and set an "equal weight" rating on the stock in a research note on Wednesday. Piper Sandler reduced their target price on Sprout Social from $29.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Canaccord Genuity Group reduced their target price on Sprout Social from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $33.85.

About Sprout Social

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.