Sprout Social (NASDAQ:SPT) Sets New 1-Year Low – Should You Sell?

Sprout Social, Inc. (NASDAQ:SPT)’s stock price reached a new 52-week low during trading on Friday . The company traded as low as $22.19 and last traded at $22.47, with a volume of 166635 shares trading hands. The stock had previously closed at $23.51.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Stifel Nicolaus decreased their target price on Sprout Social from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Scotiabank reduced their target price on Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a report on Thursday, February 27th. Morgan Stanley lowered their target price on Sprout Social from $37.00 to $30.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 26th. Needham & Company LLC reduced their target price on shares of Sprout Social from $55.00 to $32.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays dropped their target price on shares of Sprout Social from $38.00 to $34.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.85.

Sprout Social Stock Down 4.2 %

The firm’s 50 day simple moving average is $28.78 and its 200-day simple moving average is $29.59. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -18.77 and a beta of 1.11.

Sprout Social (NASDAQ:SPT) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Equities analysts expect that Sprout Social, Inc. will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Thursday, February 6th. The shares were sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the completion of the transaction, the insider now directly owns 7,417 shares of the company’s stock, valued at $241,720.03. The trade was a 84.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the sale, the director now owns 42,122 shares of the company’s stock, valued at approximately $1,035,358.76. This represents a 35.95 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 125,446 shares of company stock worth $3,823,551 over the last quarter. 10.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quarry LP grew its position in shares of Sprout Social by 100.9% in the third quarter. Quarry LP now owns 1,573 shares of the company’s stock valued at $46,000 after purchasing an additional 790 shares during the last quarter. US Bancorp DE grew its position in shares of Sprout Social by 2,392.6% during the 4th quarter. US Bancorp DE now owns 1,695 shares of the company’s stock worth $52,000 after purchasing an additional 1,627 shares in the last quarter. KBC Group NV increased its stake in Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after acquiring an additional 1,099 shares during the period. Yarbrough Capital LLC acquired a new stake in Sprout Social during the fourth quarter worth about $206,000. Finally, Woodline Partners LP bought a new stake in shares of Sprout Social during the 4th quarter worth approximately $233,000.

Sprout Social Company Profile

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.