Cantor Fitzgerald Forecasts Sprout Social FY2025 Earnings

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) - Equities research analysts at Cantor Fitzgerald increased their FY2025 EPS estimates for Sprout Social in a research report issued on Thursday, August 7th. Cantor Fitzgerald analyst M. Vanvliet now expects that the company will earn ($0.77) per share for the year, up from their prior 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.

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

Several other equities analysts have also weighed in on the stock. Oppenheimer cut their price objective on shares of Sprout Social from $32.00 to $23.00 and set an "outperform" rating on the stock in a report on Thursday, August 7th. Barclays cut their price objective on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Morgan Stanley cut their target price on shares of Sprout Social from $30.00 to $22.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Canaccord Genuity Group cut their target price on shares of Sprout Social from $30.00 to $25.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $32.00 target price on shares of Sprout Social in a report on Wednesday, May 28th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Sprout Social presently has a consensus rating of "Hold" and a consensus price target of $27.42.

Sprout Social Trading Up 5.7%

NASDAQ SPT traded up $0.77 during trading hours on Monday, hitting $14.36. The company's stock had a trading volume of 969,343 shares, compared to its average volume of 696,450. The stock has a fifty day moving average of $19.32 and a 200 day moving average of $22.78. Sprout Social has a twelve month low of $13.33 and a twelve month high of $36.30. The firm has a market capitalization of $835.46 million, a P/E ratio of -15.08 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08.

Insider Activity at Sprout Social

In related news, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction on Monday, July 14th. The shares were sold at an average price of $19.05, for a total value of $95,250.00. Following the completion of the transaction, the director owned 28,963 shares of the company's stock, valued at approximately $551,745.15. This trade represents a 14.72% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Justyn Russell Howard sold 40,000 shares of the firm's stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $21.12, for a total transaction of $844,800.00. Following the completion of the transaction, the insider directly owned 7,417 shares of the company's stock, valued at approximately $156,647.04. This trade represents a 84.36% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 112,375 shares of company stock valued at $2,389,535. Corporate insiders own 10.12% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in SPT. Versant Capital Management Inc lifted its stake in Sprout Social by 1,319.4% in the first quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock valued at $32,000 after acquiring an additional 1,359 shares during the last quarter. Quarry LP lifted its stake in Sprout Social by 85.2% in the first quarter. Quarry LP now owns 1,463 shares of the company's stock valued at $32,000 after acquiring an additional 673 shares during the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Sprout Social by 78.9% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company's stock worth $32,000 after buying an additional 675 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Sprout Social during the 1st quarter worth about $47,000. Finally, CWM LLC lifted its stake in shares of Sprout Social by 266.3% during the 2nd quarter. CWM LLC now owns 3,934 shares of the company's stock worth $82,000 after buying an additional 2,860 shares during the last quarter.

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.