SPS Commerce, Inc. (NASDAQ:SPSC) Receives $192.56 Consensus Target Price from Brokerages

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the ten research firms that are currently covering the stock, 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 12 month price target among brokerages that have issued a report on the stock in the last year is $192.56.

Several equities analysts have weighed in on SPSC shares. Needham & Company LLC restated a "buy" rating and set a $210.00 price target on shares of SPS Commerce in a report on Friday, April 25th. DA Davidson cut their target price on SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Robert W. Baird increased their price objective on SPS Commerce from $154.00 to $159.00 and gave the company a "neutral" rating in a report on Friday, April 25th. Finally, Cantor Fitzgerald initiated coverage on shares of SPS Commerce in a research report on Tuesday, June 3rd. They set an "overweight" rating and a $170.00 target price on the stock.

SPS Commerce Price Performance

NASDAQ SPSC traded up $1.07 on Tuesday, reaching $139.94. The company had a trading volume of 341,517 shares, compared to its average volume of 259,881. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 65.39 and a beta of 0.71. SPS Commerce has a fifty-two week low of $120.09 and a fifty-two week high of $218.61. The business has a 50 day moving average of $141.23 and a two-hundred day moving average of $151.45.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.15. The firm had revenue of $181.55 million for the quarter, compared to analysts' expectations of $179.57 million. SPS Commerce had a net margin of 12.13% and a return on equity of 12.37%. The business's quarterly revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the company posted $0.86 EPS. As a group, research analysts predict that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of SPSC. SBI Securities Co. Ltd. acquired a new position in shares of SPS Commerce in the 4th quarter worth approximately $40,000. Hurley Capital LLC acquired a new position in SPS Commerce in the fourth quarter worth approximately $41,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of SPS Commerce by 126.3% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker's stock valued at $30,000 after buying an additional 125 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of SPS Commerce by 545.7% during 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 last quarter. Finally, Allworth Financial LP boosted its stake in shares of SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock worth $33,000 after acquiring an additional 175 shares in the last quarter. 98.96% of the stock is owned by institutional investors and hedge funds.

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.