Brokerages Set Sprout Social, Inc. (NASDAQ:SPT) PT at $32.15

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) has earned an average rating of "Hold" from the fifteen brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seven have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $32.15.

SPT has been the subject of several analyst reports. Canaccord Genuity Group reduced their price objective on Sprout Social from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Stifel Nicolaus cut their target price on shares of Sprout Social from $45.00 to $34.00 and set a "buy" rating for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group dropped their target price on Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a report on Thursday, April 17th. Barclays lowered their price objective on Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, April 21st. Finally, Jefferies Financial Group lifted their price target on shares of Sprout Social from $34.00 to $42.00 and gave the company a "buy" rating in a research report on Monday, February 3rd.

Sprout Social Stock Performance

SPT stock traded up $0.28 during midday trading on Friday, reaching $21.19. The company had a trading volume of 50,728 shares, compared to its average volume of 669,215. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average price of $22.80 and a 200 day moving average price of $28.19. The firm has a market capitalization of $1.22 billion, a PE ratio of -17.62 and a beta of 1.11. Sprout Social has a fifty-two week low of $18.52 and a fifty-two week high of $51.08.

Sprout Social (NASDAQ:SPT - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The company had revenue of $107.09 million during the quarter, compared to analyst estimates of $106.74 million. Analysts anticipate that Sprout Social will post -0.99 earnings per share for the current year.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the firm's stock in a transaction that occurred on Thursday, February 6th. The shares were sold at an average price of $32.59, for a total transaction of $1,303,600.00. Following the sale, the insider now directly owns 7,417 shares in the company, valued at approximately $241,720.03. This trade represents a 84.36 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Karen Walker sold 5,000 shares of the business's stock in a transaction dated Monday, April 14th. The shares were sold at an average price of $19.42, for a total value of $97,100.00. Following the completion of the sale, the director now owns 25,665 shares in the company, valued at approximately $498,414.30. This trade represents a 16.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 125,446 shares of company stock worth $3,115,839 over the last three months. 10.12% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Sprout Social by 1,319.4% in the 1st quarter. Versant Capital Management Inc now owns 1,462 shares of the company's stock valued at $32,000 after buying an additional 1,359 shares in the last quarter. US Bancorp DE grew its position in Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company's stock worth $52,000 after buying an additional 1,627 shares in the last quarter. KBC Group NV raised its position in shares of Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company's stock valued at $78,000 after buying an additional 1,099 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Sprout Social by 19,500.0% during the 1st quarter. GAMMA Investing LLC now owns 9,016 shares of the company's stock worth $198,000 after acquiring an additional 8,970 shares in the last quarter. Finally, Yarbrough Capital LLC acquired a new stake in shares of Sprout Social in the 4th quarter valued at $206,000.

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.