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

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

A number of equities research analysts have commented on SPSC shares. Robert W. Baird increased their target price on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Stifel Nicolaus lowered their target price on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a report on Tuesday, February 11th. Needham & Company LLC reiterated a "buy" rating and set a $210.00 target price on shares of SPS Commerce in a report on Friday, April 25th. Northland Securities reiterated a "market perform" rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Finally, Piper Sandler lowered their price target on shares of SPS Commerce from $198.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, February 11th.

Institutional Investors Weigh In On SPS Commerce

Institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in SPS Commerce during the fourth quarter worth approximately $40,000. Hurley Capital LLC purchased a new stake in SPS Commerce during the fourth quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of SPS Commerce by 126.3% during the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock worth $30,000 after purchasing an additional 125 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker's stock worth $30,000 after purchasing an additional 191 shares in the last quarter. Finally, Allworth Financial LP lifted its position in shares of SPS Commerce by 296.6% during the first quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after purchasing an additional 175 shares in the last quarter. 98.96% of the stock is currently owned by hedge funds and other institutional investors.

SPS Commerce Stock Down 1.9%

Shares of NASDAQ SPSC opened at $142.27 on Friday. SPS Commerce has a 52 week low of $120.09 and a 52 week high of $218.61. The firm has a 50-day moving average price of $138.78 and a 200 day moving average price of $158.57. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 69.74 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 EPS for the quarter, beating the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. The business's revenue for the quarter was up 21.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.86 earnings per share. Equities research analysts expect that SPS Commerce will post 2.73 EPS for the current fiscal year.

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.

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.