Sprout Social, Inc. (NASDAQ:SPT) Given Consensus Rating of "Hold" by Brokerages

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) has been given an average rating of "Hold" by the thirteen brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $31.69.

Several brokerages have recently issued reports on SPT. Stifel Nicolaus cut their target price on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th. Morgan Stanley cut their price objective on shares of Sprout Social from $30.00 to $22.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. The Goldman Sachs Group decreased their price objective on shares of Sprout Social from $29.00 to $23.00 and set a "neutral" rating for the company in a research note on Thursday, April 17th. Jefferies Financial Group increased their price objective on shares of Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research note on Monday, February 3rd. Finally, Needham & Company LLC dropped their target price on Sprout Social from $55.00 to $32.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th.

Insider Activity at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the company's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $20.81, for a total value of $832,400.00. Following the sale, the insider now directly owns 7,417 shares in the company, valued at approximately $154,347.77. This represents a 84.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Aaron Edward Frederick Rankin sold 23,646 shares of the firm's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $24.58, for a total value of $581,218.68. Following the sale, the director now directly owns 42,122 shares of the company's stock, valued at $1,035,358.76. This represents a 35.95% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 125,446 shares of company stock worth $2,644,639 in the last quarter. 10.12% of the stock is owned by company insiders.

Institutional Investors Weigh In On Sprout Social

Institutional investors have recently made changes to their positions in the stock. Stifel Financial Corp lifted its holdings in shares of Sprout Social by 0.4% during the 4th quarter. Stifel Financial Corp now owns 83,141 shares of the company's stock valued at $2,553,000 after purchasing an additional 351 shares in the last quarter. Invesco Ltd. lifted its holdings in Sprout Social by 1.8% during the 4th quarter. Invesco Ltd. now owns 22,861 shares of the company's stock worth $702,000 after purchasing an additional 397 shares during the last quarter. Quarry LP boosted its holdings in Sprout Social by 85.2% in the 1st quarter. Quarry LP now owns 1,463 shares of the company's stock valued at $32,000 after purchasing an additional 673 shares during the period. PNC Financial Services Group Inc. increased its position in shares of Sprout Social by 8.7% in the first quarter. PNC Financial Services Group Inc. now owns 9,367 shares of the company's stock worth $206,000 after purchasing an additional 747 shares during the period. Finally, Franklin Resources Inc. raised its position in Sprout Social by 5.4% during the third quarter. Franklin Resources Inc. now owns 20,256 shares of the company's stock valued at $576,000 after purchasing an additional 1,034 shares in the last quarter.

Sprout Social Stock Down 2.6%

Shares of NASDAQ:SPT opened at $22.54 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The business's 50 day simple moving average is $21.91 and its two-hundred day simple moving average is $27.71. The firm has a market cap of $1.31 billion, a P/E ratio of -18.78 and a beta of 1.20. Sprout Social has a 52-week low of $18.52 and a 52-week 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.15 by $0.07. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The business had revenue of $109.29 million for the quarter, compared to analysts' expectations of $107.63 million. During the same period in the previous year, the business posted $0.10 EPS. The firm's quarterly revenue was up 12.9% compared to the same quarter last year. As a group, research analysts forecast 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.

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