SPS Commerce (NASDAQ:SPSC) Hits New 52-Week Low - Should You Sell?

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The company traded as low as $138.05 and last traded at $137.41, with a volume of 38677 shares. The stock had previously closed at $141.22.

Analyst Ratings Changes

A number of brokerages have recently issued reports on SPSC. Stifel Nicolaus decreased their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating for the company in a report on Tuesday, February 11th. Citigroup decreased their target price on SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Northland Securities reiterated a "market perform" rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Finally, Robert W. Baird decreased their target price on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, SPS Commerce presently has a consensus rating of "Moderate Buy" and an average price target of $207.11.

SPS Commerce Price Performance

The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 64.73 and a beta of 0.88. The business's 50-day moving average price is $176.31 and its two-hundred day moving average price is $185.23.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing analysts' consensus estimates of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. Equities analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Transactions at SPS Commerce

In related news, EVP Dan Juckniess sold 9,819 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total transaction of $1,813,176.54. Following the transaction, the executive vice president now directly owns 22,570 shares in the company, valued at $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm's stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.68, for a total value of $1,715,677.20. Following the transaction, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. This trade represents a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On SPS Commerce

Several large investors have recently added to or reduced their stakes in SPSC. Blue Trust Inc. lifted its stake in SPS Commerce by 140.8% during the third quarter. Blue Trust Inc. now owns 171 shares of the software maker's stock worth $32,000 after purchasing an additional 100 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in SPS Commerce by 129.9% during the third quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker's stock worth $34,000 after purchasing an additional 100 shares during the last quarter. SBI Securities Co. Ltd. bought a new position in SPS Commerce during the fourth quarter worth $40,000. Hurley Capital LLC bought a new position in SPS Commerce during the fourth quarter worth $41,000. Finally, R Squared Ltd bought a new position in SPS Commerce during the fourth quarter worth $57,000. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.