SPS Commerce, Inc. (NASDAQ:SPSC) Given Average Rating of "Moderate Buy" by Brokerages

Shares of SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) have received an average recommendation of "Moderate Buy" from the ten research firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $192.56.

A number of equities analysts have recently commented on SPSC shares. DA Davidson reduced their price objective on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research note on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 price objective for the company. Piper Sandler cut their target price on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and issued a $210.00 target price on shares of SPS Commerce in a research note on Friday, April 25th. Finally, Robert W. Baird raised their target price on shares of SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a research note on Friday, April 25th.

SPS Commerce Stock Performance

NASDAQ SPSC traded down $1.24 on Friday, reaching $141.11. The company had a trading volume of 344,672 shares, compared to its average volume of 249,736. The company's fifty day moving average is $139.01 and its 200-day moving average is $157.64. SPS Commerce has a 1-year low of $120.09 and a 1-year high of $218.61. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 69.17 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.15. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The company had revenue of $181.55 million during the quarter, compared to the consensus estimate of $179.57 million. During the same period in the prior year, the business posted $0.86 EPS. The company's quarterly revenue was up 21.4% on a year-over-year basis. On average, research analysts forecast that SPS Commerce will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in SPS Commerce in the 4th quarter valued at about $40,000. Hurley Capital LLC bought a new position in SPS Commerce in the 4th quarter valued at about $41,000. MassMutual Private Wealth & Trust FSB raised its holdings in SPS Commerce by 126.3% in the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after acquiring an additional 125 shares during the period. NewEdge Advisors LLC raised its holdings in SPS Commerce by 545.7% in the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock valued at $30,000 after acquiring an additional 191 shares during the period. Finally, Allworth Financial LP raised its holdings in SPS Commerce by 296.6% in the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after acquiring an additional 175 shares during the period. 98.96% of the stock is owned by institutional investors.

About SPS Commerce

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.