SPS Commerce (NASDAQ:SPSC) Sets New 1-Year Low - What's Next?

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report)'s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $144.14 and last traded at $145.01, with a volume of 24443 shares traded. The stock had previously closed at $146.21.

Wall Street Analysts Forecast Growth

SPSC has been the subject of several research analyst reports. Needham & Company LLC lowered their price objective on SPS Commerce from $230.00 to $210.00 and set a "buy" rating for the company in a report 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 report on Tuesday, February 11th. Citigroup decreased their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a "buy" rating for the company in a report on Monday, January 27th. Robert W. Baird lowered their target price on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Finally, Piper Sandler reduced their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $207.11.

SPS Commerce Stock Performance

The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 69.23 and a beta of 0.88. The stock's fifty day moving average is $179.85 and its two-hundred day moving average is $186.50.

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

Insider Buying and Selling at SPS Commerce

In related news, CEO Chadwick Collins sold 2,840 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.12, for a total value of $420,660.80. Following the completion of the sale, the chief executive officer now owns 5,270,106 shares of the company's stock, valued at $780,608,100.72. This represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Dan Juckniess sold 5,831 shares of the firm's stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total transaction of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares in the company, valued at approximately $4,773,988.23. The trade was a 19.66 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 43,695 shares of company stock valued at $7,781,086 in the last quarter. Corporate insiders own 1.00% of the company's stock.

Institutional Trading of SPS Commerce

A number of institutional investors have recently made changes to their positions in the stock. Pathstone Holdings LLC raised its holdings in SPS Commerce by 0.3% during the third quarter. Pathstone Holdings LLC now owns 19,675 shares of the software maker's stock worth $3,820,000 after purchasing an additional 54 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of SPS Commerce by 4.4% in 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 in the last quarter. Coldstream Capital Management Inc. lifted its holdings in shares of SPS Commerce by 5.0% in the third quarter. Coldstream Capital Management Inc. now owns 1,224 shares of the software maker's stock valued at $237,000 after buying an additional 58 shares during the period. Amalgamated Bank boosted its stake in SPS Commerce by 0.6% during the fourth quarter. Amalgamated Bank now owns 11,005 shares of the software maker's stock valued at $2,025,000 after buying an additional 61 shares in the last quarter. Finally, First Trust Direct Indexing L.P. grew its holdings in SPS Commerce by 2.8% during the third quarter. First Trust Direct Indexing L.P. now owns 2,312 shares of the software maker's stock worth $449,000 after acquiring an additional 62 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.