Sprout Social (NASDAQ:SPT) Sets New 52-Week Low - Time to Sell?

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Sprout Social, Inc. (NASDAQ:SPT - Get Free Report) hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $18.00 and last traded at $17.99, with a volume of 34753 shares. The stock had previously closed at $18.59.

Wall Street Analyst Weigh In

SPT has been the topic of several analyst reports. Needham & Company LLC restated a "buy" rating and set a $32.00 price target on shares of Sprout Social in a research report on Wednesday, May 28th. Barclays dropped their target price on Sprout Social from $34.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, April 21st. Oppenheimer lowered their price target on Sprout Social from $38.00 to $32.00 and set an "outperform" rating on the stock in a research report on Friday, May 9th. Cantor Fitzgerald restated a "neutral" rating and issued a $24.00 price objective on shares of Sprout Social in a research report on Tuesday, June 3rd. Finally, The Goldman Sachs Group decreased their target price on Sprout Social from $29.00 to $23.00 and set a "neutral" rating on the stock in a research report on Thursday, April 17th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $30.00.

Sprout Social Price Performance

The stock's fifty day moving average price is $20.44 and its 200-day moving average price is $23.90. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.97. The firm has a market cap of $1.04 billion, a PE ratio of -17.12 and a beta of 1.01.

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

Insider Buying and Selling at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $21.12, for a total transaction of $844,800.00. Following the transaction, the insider directly owned 7,417 shares of the company's stock, valued at $156,647.04. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Ryan Paul Barretto sold 16,800 shares of the business's stock in a transaction dated Tuesday, July 8th. The shares were sold at an average price of $21.16, for a total transaction of $355,488.00. Following the completion of the transaction, the chief executive officer owned 119,775 shares in the company, valued at $2,534,439. The trade was a 12.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 152,375 shares of company stock worth $3,221,935 in the last three months. 10.12% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. KLP Kapitalforvaltning AS purchased a new stake in Sprout Social in the fourth quarter valued at $338,000. Brighton Jones LLC raised its holdings in Sprout Social by 391.7% in the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company's stock valued at $1,105,000 after buying an additional 28,667 shares during the period. Raymond James Financial Inc. acquired a new position in Sprout Social in the fourth quarter valued at about $1,184,000. Barclays PLC boosted its stake in Sprout Social by 8.9% during the fourth quarter. Barclays PLC now owns 98,284 shares of the company's stock worth $3,018,000 after buying an additional 8,050 shares during the period. Finally, Rhumbline Advisers increased its position in shares of Sprout Social by 9.6% during the first quarter. Rhumbline Advisers now owns 76,976 shares of the company's stock valued at $1,693,000 after acquiring an additional 6,774 shares during the last quarter.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.