Sprout Social (NASDAQ:SPT) Issues Earnings Results

Sprout Social (NASDAQ:SPT) posted its quarterly earnings data on Tuesday. The company reported ($0.20) EPS for the quarter, missing the consensus estimate of $0.15 by ($0.35), Zacks reports. 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 Performance

SPT stock traded down $0.68 during midday trading on Tuesday, reaching $27.25. 702,184 shares of the company’s stock traded hands, compared to its average volume of 552,959. The firm has a market capitalization of $1.56 billion, a PE ratio of -22.71 and a beta of 1.06. The company has a 50-day moving average price of $31.97 and a two-hundred day moving average price of $30.59. Sprout Social has a 52 week low of $25.05 and a 52 week high of $65.32. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Jefferies Financial Group boosted their price objective on Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Oppenheimer cut their price target on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. Needham & Company LLC restated a “buy” rating and set a $55.00 price objective on shares of Sprout Social in a report on Wednesday, January 15th. Piper Sandler dropped their target price on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. Finally, Morgan Stanley increased their target price on shares of Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Sprout Social presently has an average rating of “Hold” and a consensus price target of $39.58.

Insider Transactions at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $32.59, for a total value of $1,303,600.00. Following the completion of the transaction, the insider now directly owns 7,417 shares in the company, valued at approximately $241,720.03. This trade represents a 84.36 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Walker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $30.26, for a total transaction of $151,300.00. Following the transaction, the director now directly owns 30,665 shares of the company’s stock, valued at approximately $927,922.90. This represents a 14.02 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 120,265 shares of company stock valued at $3,837,006 over the last three months. Company insiders own 10.97% of the company’s stock.

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.