Sprout Social, Inc. (NASDAQ:SPT) Receives $51.31 Consensus Price Target from Analysts

Sprout Social, Inc. (NASDAQ:SPT) has received a consensus rating of “Hold” from the fifteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $51.31.

A number of equities research analysts recently commented on the stock. KeyCorp lowered Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective on the stock. in a report on Thursday, August 22nd. Robert W. Baird lifted their price target on Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Barclays dropped their price objective on Sprout Social from $50.00 to $48.00 and set an “overweight” rating on the stock in a report on Tuesday, July 16th. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a report on Friday, August 2nd. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $46.00 target price on shares of Sprout Social in a research report on Friday, August 2nd.

Sprout Social Price Performance

Sprout Social stock opened at $28.67 on Friday. The business has a 50 day simple moving average of $32.77 and a 200-day simple moving average of $39.89. Sprout Social has a 12 month low of $25.05 and a 12 month high of $68.41. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $1.64 billion, a PE ratio of -22.94 and a beta of 0.98.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. The company had revenue of $99.40 million during the quarter, compared to the consensus estimate of $98.70 million. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. Sprout Social’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.23) EPS. Equities analysts predict that Sprout Social will post -0.9 earnings per share for the current year.

Insider Activity at Sprout Social

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 1,181 shares of Sprout Social stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total transaction of $34,520.63. Following the completion of the transaction, the director now owns 42,122 shares in the company, valued at $1,231,226.06. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $36.66, for a total value of $54,990.00. Following the sale, the chief financial officer now directly owns 165,624 shares in the company, valued at $6,071,775.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Aaron Edward Frederick Rankin sold 1,181 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total value of $34,520.63. Following the sale, the director now directly owns 42,122 shares in the company, valued at approximately $1,231,226.06. The disclosure for this sale can be found here. In the last three months, insiders have sold 82,282 shares of company stock valued at $2,670,776. Insiders own 10.97% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC raised its holdings in Sprout Social by 4,050.3% in the 4th quarter. International Assets Investment Management LLC now owns 6,267 shares of the company’s stock valued at $385,000 after acquiring an additional 6,116 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Sprout Social by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 406,439 shares of the company’s stock valued at $24,972,000 after purchasing an additional 6,996 shares during the last quarter. Principal Financial Group Inc. lifted its position in Sprout Social by 0.3% during the fourth quarter. Principal Financial Group Inc. now owns 867,629 shares of the company’s stock worth $53,307,000 after buying an additional 2,394 shares during the period. Panagora Asset Management Inc. lifted its position in Sprout Social by 18.3% during the fourth quarter. Panagora Asset Management Inc. now owns 211,411 shares of the company’s stock worth $12,989,000 after buying an additional 32,710 shares during the period. Finally, Level Four Advisory Services LLC acquired a new stake in Sprout Social in the 4th quarter worth about $626,000.

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.