Cantor Fitzgerald Forecasts Sprout Social FY2026 Earnings

Sprout Social, Inc. (NASDAQ:SPT - Free Report) - Equities research analysts at Cantor Fitzgerald issued their FY2026 earnings per share estimates for shares of Sprout Social in a report issued on Monday, June 9th. Cantor Fitzgerald analyst M. Vanvliet forecasts that the company will post earnings of ($0.77) per share for the year. Cantor Fitzgerald currently has a "Neutral" rating and a $24.00 price target on the stock. The consensus estimate for Sprout Social's current full-year earnings is ($0.99) per share.

Several other research firms have also weighed in on SPT. Scotiabank lowered their price target on Sprout Social from $28.00 to $25.00 and set a "sector perform" rating on the stock in a research report on Thursday, February 27th. Needham & Company LLC reiterated a "buy" rating and issued a $32.00 price target on shares of Sprout Social in a research note on Wednesday, May 28th. Barclays decreased their price objective on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, April 21st. Canaccord Genuity Group reduced their price target on Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a report on Wednesday, February 26th. Finally, The Goldman Sachs Group reduced their price objective on Sprout Social from $29.00 to $23.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Sprout Social has an average rating of "Hold" and a consensus price target of $30.00.

Sprout Social Stock Down 0.9%

Shares of NASDAQ SPT traded down $0.20 during midday trading on Wednesday, reaching $21.09. The company's stock had a trading volume of 97,262 shares, compared to its average volume of 622,417. 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 50 day simple moving average of $21.31 and a 200-day simple moving average of $26.91. The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of -17.57 and a beta of 1.04. Sprout Social has a fifty-two week low of $18.52 and a fifty-two week high of $39.75.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.07. The company had revenue of $109.29 million during the quarter, compared to the consensus estimate of $107.63 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The firm's revenue was up 12.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.10 earnings per share.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPT. ArrowMark Colorado Holdings LLC increased its position in shares of Sprout Social by 380.7% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company's stock worth $54,425,000 after acquiring an additional 1,403,549 shares in the last quarter. Nuveen LLC bought a new stake in Sprout Social during the first quarter worth $13,131,000. Norges Bank purchased a new stake in Sprout Social in the 4th quarter valued at $13,422,000. Dorsey Asset Management LLC raised its position in Sprout Social by 16.7% in the 4th quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company's stock valued at $70,822,000 after buying an additional 330,155 shares during the last quarter. Finally, Cadian Capital Management LP lifted its stake in Sprout Social by 6.1% during the 4th quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock valued at $139,679,000 after acquiring an additional 263,267 shares in the last quarter.

Insider Activity

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $21.65, for a total transaction of $866,000.00. Following the sale, the insider now owns 7,417 shares of the company's stock, valued at approximately $160,578.05. This represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of Sprout Social stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $24.58, for a total value of $581,218.68. Following the completion of the transaction, the director now directly owns 42,122 shares of the company's stock, valued at approximately $1,035,358.76. This trade represents a 35.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 176,021 shares of company stock worth $3,738,636. Insiders own 10.12% 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.