Sprout Social (NASDAQ:SPT) Stock Price Target Raised at Barclays

Key Points

• Barclays raised its price target on Sprout Social from $12 to $14 and maintained an “overweight” rating, implying 28.44% upside from the prior closing price.
• Sprout Social beat quarterly estimates, reporting EPS of $0.45 versus $0.29 expected and revenue of $125.15 million versus $123.83 million expected.
• Analyst sentiment remains mixed: the consensus rating is “Hold,” with an average price target of $12.17; the article also notes that quarterly revenue guidance slightly missed expectations.

Sprout Social (NASDAQ:SPT - Get Free Report) had its target price boosted by equities research analysts at Barclays from $12.00 to $14.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has an "overweight" rating on the stock. Barclays's target price would indicate a potential upside of 28.44% from the company's previous close.

SPT has been the subject of several other reports. KeyCorp upped their price target on shares of Sprout Social from $7.00 to $10.00 and gave the company an "underweight" rating in a research report on Wednesday. Cantor Fitzgerald lifted their price target on shares of Sprout Social from $8.00 to $13.00 and gave the company a "neutral" rating in a report on Wednesday. Wall Street Zen upgraded shares of Sprout Social from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 15th. Canaccord Genuity Group raised their target price on shares of Sprout Social from $10.00 to $13.50 and gave the stock a "hold" rating in a research report on Wednesday. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of Sprout Social in a research note on Thursday, October 15th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $12.17.

Sprout Social Stock Up 1.1%

NASDAQ SPT traded up $0.12 on Thursday, hitting $10.90. 575,168 shares of the company were exchanged, compared to its average volume of 1,381,089. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a fifty day moving average of $11.09 and a 200-day moving average of $8.29. The company has a market cap of $660.43 million, a PE ratio of -24.18 and a beta of 0.95. Sprout Social has a 12 month low of $4.92 and a 12 month high of $13.35.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.16. Sprout Social had a negative net margin of 5.42% and a positive return on equity of 1.09%. The business had revenue of $125.15 million during the quarter, compared to analyst estimates of $123.83 million. As a group, analysts forecast that Sprout Social will post -0.02 earnings per share for the current year.

Insider Buying and Selling at Sprout Social

In related news, insider Justyn Howard sold 40,000 shares of the company's stock in a transaction on Friday, October 9th. The stock was sold at an average price of $11.02, for a total value of $440,800.00. Following the sale, the insider directly owned 7,417 shares of the company's stock, valued at $81,735.34. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 51,612 shares of company stock worth $573,757 in the last 90 days. Insiders own 9.60% of the company's stock.

Hedge Funds Weigh In On Sprout Social

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPT. Signaturefd LLC lifted its holdings in shares of Sprout Social by 33.8% during the third quarter. Signaturefd LLC now owns 3,510 shares of the company's stock valued at $34,000 after purchasing an additional 886 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Sprout Social by 10.7% in the 1st quarter. SG Americas Securities LLC now owns 34,463 shares of the company's stock worth $196,000 after purchasing an additional 3,319 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Sprout Social by 341.9% in the 3rd quarter. Parallel Advisors LLC now owns 4,406 shares of the company's stock worth $43,000 after buying an additional 3,409 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Sprout Social by 115.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company's stock worth $48,000 after buying an additional 3,417 shares during the last quarter. Finally, WINTON GROUP Ltd increased its position in Sprout Social by 15.4% during the 2nd quarter. WINTON GROUP Ltd now owns 27,000 shares of the company's stock valued at $204,000 after buying an additional 3,600 shares in the last quarter.

Trending Headlines about Sprout Social

Here are the key news stories impacting Sprout Social this week:

• Positive Sentiment: Sprout Social reported third-quarter adjusted EPS of $0.45, above the roughly $0.29 analyst consensus, and revenue of $125.15 million versus estimates of $123.83 million. The company also highlighted record non-GAAP operating income of $26.3 million and a 21% non-GAAP operating margin. Sprout Social Announces Third Quarter 2026 Financial Results
• Positive Sentiment: Stifel raised its price target to $15. Canaccord Genuity and Cantor Fitzgerald also lifted their targets, to $13.50 and $13, respectively. Stifel raises Sprout Social price target
• Neutral Sentiment: Analyst views remain mixed: Canaccord kept a “hold” rating, Cantor Fitzgerald is “neutral,” and KeyCorp maintained an “underweight” rating despite raising its target to $10. Sprout Social Q3 results and guidance
• Negative Sentiment: Sprout Social’s quarterly revenue guidance slightly missed expectations. That outlook disappointment appears to have overshadowed the earnings and revenue beats and contributed to the reported share decline. Why Sprout Social shares are plunging
• Negative Sentiment: A shareholder-law-firm alert cited a federal court decision denying dismissal of a securities-fraud class action and announced an investigation. The case adds potential legal and reputational uncertainty. Shareholder alert concerning Sprout Social

About Sprout Social

Sprout Social, Inc is a software company that provides a cloud-based social media management platform for businesses and organizations. Its platform helps customers manage social media publishing, engagement, customer care, analytics, listening and employee advocacy from a centralized environment.

The company's products are designed to help marketing, communications, sales and customer service teams plan and publish content, monitor conversations, respond to audiences, evaluate social media performance and gain insights from online activity.

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