Sprout Social (NASDAQ:SPT) Hits New 1-Year Low Following Analyst Downgrade

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report)'s stock price reached a new 52-week low during trading on Monday after Barclays lowered their price target on the stock from $34.00 to $26.00. Barclays currently has an overweight rating on the stock. Sprout Social traded as low as $18.58 and last traded at $18.61, with a volume of 75012 shares changing hands. The stock had previously closed at $19.64.

A number of other analysts also recently issued reports on SPT. The Goldman Sachs Group lowered their price target on shares of Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Piper Sandler cut their price target on Sprout Social from $29.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC lowered their price target on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Stifel Nicolaus cut their price objective on Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Finally, Scotiabank reduced their target price on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating for the company in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $32.15.

Insider Transactions at Sprout Social

In other news, CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction on Friday, April 4th. The stock was sold at an average price of $19.90, for a total transaction of $334,320.00. Following the transaction, the chief executive officer now owns 136,575 shares in the company, valued at $2,717,842.50. The trade was a 10.95 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Karen Walker sold 5,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $19.42, for a total transaction of $97,100.00. Following the transaction, the director now directly owns 25,665 shares in the company, valued at approximately $498,414.30. The trade was a 16.31 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 125,446 shares of company stock valued at $3,115,839. Corporate insiders own 10.97% of the company's stock.

Hedge Funds Weigh In On Sprout Social

A number of institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its holdings in shares of Sprout Social by 1,319.4% during the 1st quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock worth $32,000 after buying an additional 1,359 shares during the last quarter. US Bancorp DE increased its stake in Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after acquiring an additional 1,627 shares during the last quarter. KBC Group NV increased 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 acquiring an additional 1,099 shares during the last quarter. GAMMA Investing LLC raised its position in Sprout Social by 19,500.0% in the first quarter. GAMMA Investing LLC now owns 9,016 shares of the company's stock valued at $198,000 after purchasing an additional 8,970 shares during the period. Finally, Yarbrough Capital LLC acquired a new position in shares of Sprout Social in the 4th quarter valued at $206,000.

Sprout Social Trading Up 3.9 %

The business has a fifty day moving average price of $23.66 and a two-hundred day moving average price of $28.44. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.17 billion, a PE ratio of -16.87 and a beta of 1.11.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The company had revenue of $107.09 million for the quarter, compared to analysts' expectations of $106.74 million. Analysts expect that Sprout Social, Inc. 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.