DA Davidson Has Lowered Expectations for SPS Commerce (NASDAQ:SPSC) Stock Price

SPS Commerce (NASDAQ:SPSC - Get Free Report) had its target price decreased by research analysts at DA Davidson from $245.00 to $175.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the software maker's stock. DA Davidson's price target suggests a potential upside of 35.60% from the company's previous close. DA Davidson also issued estimates for SPS Commerce's Q1 2025 earnings at $0.59 EPS, FY2025 earnings at $2.72 EPS and FY2026 earnings at $3.17 EPS.

A number of other brokerages also recently issued reports on SPSC. Piper Sandler reduced their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Stifel Nicolaus lowered their target price on shares of SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Northland Securities reissued a "market perform" rating and issued a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Needham & Company LLC restated a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a research report on Wednesday, March 26th. Finally, Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, SPS Commerce has a consensus rating of "Moderate Buy" and an average target price of $199.89.

SPS Commerce Stock Performance

NASDAQ:SPSC traded up $0.40 during trading hours on Monday, hitting $129.06. The stock had a trading volume of 243,688 shares, compared to its average volume of 232,435. The business's 50 day moving average is $133.39 and its 200-day moving average is $168.20. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 63.27 and a beta of 0.89. SPS Commerce has a one year low of $120.09 and a one year high of $218.61.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last released its earnings results on Monday, February 10th. The software maker reported $0.66 EPS for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, sell-side analysts anticipate that SPS Commerce will post 2.73 EPS for the current fiscal year.

Insider Buying and Selling at SPS Commerce

In related news, CFO Kimberly K. Nelson sold 4,034 shares of SPS Commerce stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $148.17, for a total value of $597,717.78. Following the completion of the sale, the chief financial officer now directly owns 2,442,968 shares in the company, valued at $361,974,568.56. This trade represents a 0.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Dan Juckniess sold 2,591 shares of the firm's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.02, for a total value of $383,519.82. Following the completion of the transaction, the executive vice president now owns 1,367,584 shares of the company's stock, valued at approximately $202,429,783.68. The trade was a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 37,864 shares of company stock worth $6,613,078 over the last ninety days. Company insiders own 0.98% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Quantinno Capital Management LP grew its position in shares of SPS Commerce by 8.3% in the third quarter. Quantinno Capital Management LP now owns 1,925 shares of the software maker's stock valued at $374,000 after purchasing an additional 148 shares during the period. MML Investors Services LLC grew its position in SPS Commerce by 4.1% in the third quarter. MML Investors Services LLC now owns 9,450 shares of the software maker's stock worth $1,835,000 after acquiring an additional 368 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of SPS Commerce by 15,980.0% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 12,060 shares of the software maker's stock worth $2,342,000 after purchasing an additional 11,985 shares during the period. Barclays PLC grew its stake in shares of SPS Commerce by 209.6% in the third quarter. Barclays PLC now owns 66,387 shares of the software maker's stock valued at $12,890,000 after buying an additional 44,946 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of SPS Commerce by 1.5% in the third quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker's stock valued at $182,287,000 after purchasing an additional 14,174 shares during the period. 98.96% of the stock is owned by institutional investors and hedge funds.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.