SPS Commerce (NASDAQ:SPSC) Price Target Cut to $135.00 by Analysts at Cantor Fitzgerald

Key Points

• Analysts at Cantor Fitzgerald have reduced their price target for SPS Commerce from $170.00 to $135.00, while maintaining an "overweight" rating on the stock.
• SPS Commerce reported earnings of $1.00 per share for the last quarter, exceeding expectations, with revenue also surpassing estimates at $187.40 million.
• Five research analysts have rated SPS Commerce as a "Buy," while five others have assigned a "Hold" rating, indicating a mixed sentiment among analysts.

SPS Commerce (NASDAQ:SPSC - Get Free Report) had its price objective dropped by investment analysts at Cantor Fitzgerald from $170.00 to $135.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the software maker's stock. Cantor Fitzgerald's target price suggests a potential upside of 25.75% from the stock's previous close.

A number of other equities research analysts have also recently weighed in on SPSC. DA Davidson cut shares of SPS Commerce from a "strong-buy" rating to a "hold" rating and cut their price objective for the stock from $175.00 to $125.00 in a report on Thursday, July 31st. Morgan Stanley cut their price objective on shares of SPS Commerce from $180.00 to $170.00 and set an "overweight" rating on the stock in a report on Thursday, July 31st. Wall Street Zen upgraded shares of SPS Commerce from a "hold" rating to a "buy" rating in a report on Saturday. Needham & Company LLC restated a "buy" rating and issued a $160.00 price objective on shares of SPS Commerce in a report on Wednesday. Finally, Loop Capital cut shares of SPS Commerce from a "buy" rating to a "hold" rating and cut their price objective for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, SPS Commerce currently has an average rating of "Moderate Buy" and an average target price of $162.30.

SPS Commerce Price Performance

SPSC stock opened at $107.36 on Wednesday. SPS Commerce has a 1 year low of $102.05 and a 1 year high of $201.06. The company has a market cap of $4.07 billion, a P/E ratio of 49.25 and a beta of 0.70. The firm has a 50-day moving average of $116.33 and a 200 day moving average of $129.73.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.10. The business had revenue of $187.40 million for the quarter, compared to analysts' expectations of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business's revenue was up 22.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, equities research analysts expect that SPS Commerce will post 2.73 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPSC. UMB Bank n.a. boosted its holdings in SPS Commerce by 60.6% in the second quarter. UMB Bank n.a. now owns 212 shares of the software maker's stock worth $29,000 after purchasing an additional 80 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in SPS Commerce by 126.3% in 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 during the last quarter. NewEdge Advisors LLC boosted its holdings in SPS Commerce by 545.7% in 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 during the last quarter. Allworth Financial LP boosted its holdings in SPS Commerce by 296.6% in 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 during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its holdings in SPS Commerce by 105.4% in the first quarter. Caitong International Asset Management Co. Ltd now owns 302 shares of the software maker's stock worth $40,000 after purchasing an additional 155 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company's stock.

SPS Commerce Company Profile

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.

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