SPS Commerce (NASDAQ:SPSC) Reaches New 12-Month Low - Here's Why

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) shares reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $130.43 and last traded at $132.11, with a volume of 2348 shares trading hands. The stock had previously closed at $132.00.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Piper Sandler dropped their price target on SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus dropped their price target on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Citigroup dropped their price target on SPS Commerce from $237.00 to $233.00 and set a "buy" rating on the stock in a research note on Monday, January 27th. Needham & Company LLC dropped their price target on SPS Commerce from $230.00 to $210.00 and set a "buy" rating on the stock in a research note on Tuesday, February 11th. Finally, Robert W. Baird dropped their price target on SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, SPS Commerce has an average rating of "Moderate Buy" and an average target price of $207.11.

SPS Commerce Price Performance

The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 65.60 and a beta of 0.88. The stock has a fifty day moving average of $171.81 and a 200 day moving average of $183.37.

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

Insider Buying and Selling at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 5,831 shares of the business's stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $200.31, for a total value of $1,168,007.61. Following the completion of the transaction, the executive vice president now directly owns 23,833 shares of the company's stock, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 4,034 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the transaction, the chief financial officer now directly owns 2,442,968 shares of the company's stock, valued at $361,974,568.56. The trade was a 0.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 43,695 shares of company stock valued at $7,781,086. 1.00% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SPSC. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPS Commerce by 4.4% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 1,317 shares of the software maker's stock worth $256,000 after buying an additional 55 shares during the period. Van ECK Associates Corp raised its stake in shares of SPS Commerce by 40.0% during the 3rd quarter. Van ECK Associates Corp now owns 22,048 shares of the software maker's stock worth $4,184,000 after buying an additional 6,300 shares during the period. Olympiad Research LP raised its stake in shares of SPS Commerce by 13.3% during the 3rd quarter. Olympiad Research LP now owns 2,528 shares of the software maker's stock worth $491,000 after buying an additional 297 shares during the period. Los Angeles Capital Management LLC raised its stake in shares of SPS Commerce by 9.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 21,893 shares of the software maker's stock worth $4,251,000 after buying an additional 1,808 shares during the period. Finally, Entropy Technologies LP raised its stake in shares of SPS Commerce by 71.7% during the 3rd quarter. Entropy Technologies LP now owns 1,916 shares of the software maker's stock worth $372,000 after buying an additional 800 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

About SPS Commerce

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.