Sprout Social, Inc. (NASDAQ:SPT) Receives $30.00 Average PT from Analysts

Shares of Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) have been given an average rating of "Hold" by the thirteen analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $30.00.

A number of analysts have weighed in on the stock. 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 research report on Wednesday, April 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $32.00 price target on shares of Sprout Social in a research note on Wednesday, May 28th. Barclays dropped their price target on shares of Sprout Social from $34.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, April 21st. Cantor Fitzgerald reissued a "neutral" rating and set a $24.00 target price on shares of Sprout Social in a research note on Tuesday, June 3rd. Finally, Oppenheimer lowered their target price on shares of Sprout Social from $38.00 to $32.00 and set an "outperform" rating for the company in a research note on Friday, May 9th.

Insider Buying and Selling

In other news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Tuesday, July 8th. The stock was sold at an average price of $21.12, for a total transaction of $844,800.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at $156,647.04. The trade was a 84.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karen Walker sold 5,000 shares of the firm's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of $19.42, for a total transaction of $97,100.00. Following the sale, the director owned 25,665 shares of the company's stock, valued at $498,414.30. This trade represents a 16.31% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 152,375 shares of company stock worth $3,223,785. 10.12% of the stock is owned by insiders.

Institutional Trading of Sprout Social

A number of large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its position in Sprout Social by 23.0% in the first quarter. Goldman Sachs Group Inc. now owns 325,750 shares of the company's stock worth $7,163,000 after buying an additional 60,947 shares during the last quarter. Rhumbline Advisers raised its position in shares of Sprout Social by 9.6% in the first quarter. Rhumbline Advisers now owns 76,976 shares of the company's stock valued at $1,693,000 after purchasing an additional 6,774 shares during the period. Empowered Funds LLC bought a new stake in shares of Sprout Social in the first quarter valued at approximately $325,000. Caxton Associates LLP bought a new stake in shares of Sprout Social in the first quarter valued at approximately $358,000. Finally, Petrus Trust Company LTA bought a new stake in shares of Sprout Social in the first quarter valued at approximately $271,000.

Sprout Social Price Performance

Shares of SPT stock traded down $0.81 during trading on Thursday, hitting $19.75. The company had a trading volume of 372,499 shares, compared to its average volume of 613,168. The stock's 50-day moving average price is $21.52 and its 200 day moving average price is $25.20. The firm has a market capitalization of $1.15 billion, a P/E ratio of -18.99 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. Sprout Social has a one year low of $18.52 and a one year high of $39.75.

Sprout Social (NASDAQ:SPT - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. Sprout Social had a negative net margin of 14.25% and a negative return on equity of 31.03%. The business had revenue of $109.29 million during the quarter, compared to the consensus estimate of $107.63 million. During the same period in the previous year, the business earned $0.10 earnings per share. The company's revenue was up 12.9% on a year-over-year basis. Equities analysts expect that Sprout Social will post -0.99 EPS for the current fiscal year.

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.