Sprout Social (NASDAQ:SPT – Get Free Report) issued an update on its first quarter 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 0.140-0.160 for the period, compared to the consensus earnings per share estimate of 0.150. The company issued revenue guidance of $107.2 million-$108.0 million, compared to the consensus revenue estimate of $110.2 million. Sprout Social also updated its FY 2025 guidance to 0.650-0.740 EPS.
Analysts Set New Price Targets
SPT has been the topic of a number of research reports. Scotiabank assumed coverage on shares of Sprout Social in a report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price on the stock. Oppenheimer decreased their price objective on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, December 3rd. Needham & Company LLC reaffirmed a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research report on Wednesday, January 15th. Piper Sandler dropped their price target on Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research report on Monday, November 11th. Finally, Morgan Stanley upped their target price on Sprout Social from $36.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. One investment 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. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.58.
Sprout Social Stock Down 2.4 %
Sprout Social (NASDAQ:SPT – Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) 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%. Research analysts anticipate that Sprout Social will post -0.99 EPS for the current year.
Insider Buying and Selling
In other news, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total transaction of $1,266,800.00. Following the completion of the transaction, the insider now directly owns 27,136 shares in the company, valued at $859,397.12. The trade was a 59.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Karen Walker sold 5,000 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $34.24, for a total value of $171,200.00. Following the completion of the sale, the director now directly owns 35,665 shares of the company’s stock, valued at $1,221,169.60. This represents a 12.30 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 120,265 shares of company stock valued at $3,837,006. 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.
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