Sprout Social, Inc. (NASDAQ:SPT) Stock Has Consensus Price Target of $10.88

Key Points

• Analysts hold a mixed view of Sprout Social: among 10 brokerages, two rate the stock a sell, four hold, and four buy. The consensus 12-month price target is $10.88.
• Recent analyst actions were generally favorable, with price targets raised by KeyCorp, Barclays, Morgan Stanley, and Stifel Nicolaus; targets now range from $7 to $14, though ratings remain mixed.
• Sprout Social reported quarterly EPS of $0.26, beating the $0.16 consensus estimate, while revenue of $123.85 million also exceeded expectations. Shares opened at $12.34, near the company’s 12-month high of $13.35.

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) has received an average recommendation of "Hold" from the ten brokerages that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $10.88.

Several brokerages have recently issued reports on SPT. KeyCorp raised their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an "underweight" rating in a research note on Friday, August 7th. Barclays lifted their price target on shares of Sprout Social from $9.00 to $12.00 and gave the stock an "overweight" rating in a report on Tuesday, August 11th. Morgan Stanley upped their price objective on Sprout Social from $10.00 to $11.00 and gave the company an "equal weight" rating in a research note on Thursday, August 13th. Weiss Ratings reissued a "sell (e+)" rating on shares of Sprout Social in a report on Thursday, October 15th. Finally, Stifel Nicolaus raised their target price on Sprout Social from $12.00 to $14.00 and gave the stock a "buy" rating in a research report on Wednesday, October 14th.

Insider Activity at Sprout Social

In other news, insider Justyn Howard sold 40,000 shares of the stock in a transaction on Friday, October 9th. The stock was sold at an average price of $11.02, for a total transaction of $440,800.00. Following the completion of the transaction, the insider owned 7,417 shares in the company, valued at approximately $81,735.34. This represents a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 51,612 shares of company stock worth $573,757. 9.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprout Social

Large investors have recently added to or reduced their stakes in the company. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of Sprout Social by 201.6% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 9,647 shares of the company's stock valued at $94,000 after buying an additional 6,448 shares in the last quarter. Signaturefd LLC boosted its holdings in Sprout Social by 33.8% in the 3rd quarter. Signaturefd LLC now owns 3,510 shares of the company's stock worth $34,000 after buying an additional 886 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Sprout Social in the 2nd quarter valued at approximately $192,000. WINTON GROUP Ltd grew its stake in Sprout Social by 15.4% in 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. Finally, Integrated Wealth Concepts LLC purchased a new position in Sprout Social in the 2nd quarter valued at approximately $84,000.

Sprout Social Trading Down 3.3%

Shares of Sprout Social stock opened at $12.34 on Wednesday. The business's fifty day simple moving average is $10.88 and its 200 day simple moving average is $8.24. The firm has a market capitalization of $747.71 million, a P/E ratio of -24.68 and a beta of 1.01. 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 posted its quarterly earnings data on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. The business had revenue of $123.85 million during the quarter, compared to analysts' expectations of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. Analysts predict that Sprout Social will post -0.02 EPS for the current fiscal year.

Sprout Social Company Profile

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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