SPS Commerce, Inc. (NASDAQ:SPSC) Receives Average Recommendation of "Hold" from Brokerages

Key Points

• Consensus: Hold — Eleven brokerages cover SPS Commerce with a consensus rating of "Hold" (1 sell, 7 hold, 2 buy, 1 strong buy) and an average 1-year price target of $87.40.
• Quarterly results & guidance — SPS reported $1.14 EPS (beat by $0.14) and $192.65M revenue (slightly below estimates), with revenue up 12.7% year-over-year and FY2026 guidance of $4.420–4.500 EPS (Q1 guidance 0.950–0.990).
• Insider selling — Executives, including the CEO and EVP, sold shares last quarter (total 24,834 shares worth ~$1.53M), leaving insiders with about 0.98% ownership.

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $87.40.

Several research analysts have weighed in on the company. Wall Street Zen upgraded SPS Commerce from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Morgan Stanley set a $95.00 target price on SPS Commerce in a research note on Friday, February 13th. Craig Hallum downgraded shares of SPS Commerce from a "buy" rating to a "hold" rating and set a $70.00 price target on the stock. in a report on Friday, February 13th. Cantor Fitzgerald set a $70.00 price target on shares of SPS Commerce in a research report on Friday, February 13th. Finally, Stifel Nicolaus set a $65.00 price objective on shares of SPS Commerce and gave the stock a "hold" rating in a report on Friday, February 13th.

SPS Commerce Stock Performance

NASDAQ:SPSC opened at $56.23 on Thursday. The firm has a market cap of $2.10 billion, a price-to-earnings ratio of 22.95 and a beta of 0.62. SPS Commerce has a 52 week low of $52.56 and a 52 week high of $153.16. The firm has a 50-day moving average price of $66.45 and a two-hundred day moving average price of $84.50.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.00 by $0.14. The firm had revenue of $192.65 million for the quarter, compared to the consensus estimate of $193.60 million. SPS Commerce had a return on equity of 12.73% and a net margin of 12.42%.The company's revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.89 EPS. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, sell-side analysts forecast that SPS Commerce will post 2.73 earnings per share for the current year.

Insider Activity at SPS Commerce

In related news, EVP Jamie Thingelstad sold 2,418 shares of the company's stock in a transaction that occurred on Tuesday, February 24th. The stock was sold at an average price of $54.94, for a total value of $132,844.92. Following the transaction, the executive vice president owned 56,344 shares in the company, valued at approximately $3,095,539.36. This represents a 4.11% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Chadwick Collins sold 13,384 shares of the stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total value of $785,105.44. Following the transaction, the chief executive officer directly owned 72,241 shares of the company's stock, valued at approximately $4,237,657.06. This trade represents a 15.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 24,834 shares of company stock valued at $1,527,223 over the last quarter. 0.98% of the stock is currently owned by insiders.

Institutional Trading of SPS Commerce

A number of large investors have recently bought and sold shares of the company. Salomon & Ludwin LLC bought a new position in shares of SPS Commerce during the 3rd quarter worth $28,000. NewEdge Advisors LLC raised its stake 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. Advisory Services Network LLC purchased a new stake in SPS Commerce during the third quarter valued at about $32,000. Global Retirement Partners LLC lifted its holdings in SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker's stock valued at $40,000 after purchasing an additional 426 shares during the last quarter. Finally, Summit Securities Group LLC bought a new position in SPS Commerce during the fourth quarter worth about $45,000. 98.96% of the stock is owned by hedge funds and other institutional investors.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company's platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.

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