FY2025 EPS Forecast for Sprout Social Increased by Analyst

Key Points

• Cantor Fitzgerald has upgraded their FY2025 earnings per share estimate for Sprout Social to ($0.77), improving from the previous estimate of ($0.79), maintaining a "Neutral" rating and a target price of $24.00.
• The consensus estimate for Sprout Social's current full-year earnings stands at ($0.99) per share, indicating a potential for the company to outperform this prediction.
• In recent trading, Sprout Social's shares decreased by 5.4%, with current prices around $13.94 and a 52-week range between $13.75 and $36.30.

Sprout Social, Inc. (NASDAQ:SPT - Free Report) - Stock analysts at Cantor Fitzgerald boosted their FY2025 earnings per share estimates for shares of Sprout Social in a report issued on Thursday, August 7th. Cantor Fitzgerald analyst M. Vanvliet now anticipates that the company will post earnings of ($0.77) per share for the year, up from their previous estimate of ($0.79). Cantor Fitzgerald currently has a "Neutral" rating and a $24.00 target price on the stock. The consensus estimate for Sprout Social's current full-year earnings is ($0.99) per share.

Other research analysts have also issued research reports about the company. Morgan Stanley reduced their price target on Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price objective on Sprout Social from $34.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, April 21st. Oppenheimer lowered their price target on Sprout Social from $32.00 to $23.00 and set an "outperform" rating for the company in a report on Thursday, August 7th. Needham & Company LLC reiterated a "buy" rating and issued a $32.00 price target on shares of Sprout Social in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group lowered their price target on Sprout Social from $24.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, August 7th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $27.42.

Sprout Social Price Performance

SPT stock traded down $0.25 on Monday, reaching $14.03. The company had a trading volume of 322,665 shares, compared to its average volume of 697,633. Sprout Social has a 1 year low of $13.33 and a 1 year high of $36.30. The company has a market cap of $816.21 million, a P/E ratio of -14.75 and a beta of 0.99. The company's fifty day moving average is $19.16 and its 200 day moving average is $22.73. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.00 and a current ratio of 1.00.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.15 by $0.03. The business had revenue of $111.78 million for the quarter, compared to analyst estimates of $110.93 million. Sprout Social had a negative return on equity of 25.95% and a negative net margin of 12.70%. The company's quarterly revenue was up 12.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS.

Institutional Trading of Sprout Social

Hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Sprout Social by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,900,938 shares of the company's stock valued at $129,762,000 after acquiring an additional 14,771 shares in the last quarter. Cadian Capital Management LP lifted its stake in shares of Sprout Social by 6.1% in the 4th quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company's stock valued at $139,679,000 after purchasing an additional 263,267 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of Sprout Social by 8.7% in the 2nd quarter. Jennison Associates LLC now owns 2,392,450 shares of the company's stock valued at $50,026,000 after purchasing an additional 192,007 shares during the last quarter. Dorsey Asset Management LLC lifted its stake in shares of 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 purchasing an additional 330,155 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its stake in shares of Sprout Social by 380.7% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company's stock valued at $54,425,000 after purchasing an additional 1,403,549 shares during the last quarter.

Insider Activity at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction that occurred on Tuesday, July 8th. The shares were sold at an average price of $21.12, for a total value of $844,800.00. Following the transaction, the insider owned 7,417 shares in the company, valued at approximately $156,647.04. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of Sprout Social stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $21.16, for a total transaction of $355,488.00. Following the transaction, the chief executive officer owned 119,775 shares in the company, valued at approximately $2,534,439. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,375 shares of company stock worth $2,389,535 over the last quarter. 10.12% of the stock is currently owned by company insiders.

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.