SPS Commerce (NASDAQ:SPSC) Stock Price Down 3.6% - Should You Sell?

SPS Commerce, Inc. (NASDAQ:SPSC - Get Free Report) shares dropped 3.6% during trading on Wednesday . The company traded as low as $139.10 and last traded at $139.28. Approximately 92,664 shares were traded during mid-day trading, a decline of 63% from the average daily volume of 249,932 shares. The stock had previously closed at $144.50.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SPSC shares. Stifel Nicolaus reduced their price objective on SPS Commerce from $225.00 to $200.00 and set a "buy" rating on the stock in a research report on Tuesday, February 11th. Needham & Company LLC reaffirmed a "buy" rating and issued a $210.00 price objective on shares of SPS Commerce in a research note on Friday, April 25th. Piper Sandler dropped their price objective 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. Northland Securities reissued a "market perform" rating and set a $181.00 target price (down from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Finally, DA Davidson decreased their price target on shares of SPS Commerce from $245.00 to $175.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $192.56.

SPS Commerce Stock Performance

The stock has a fifty day simple moving average of $139.47 and a two-hundred day simple moving average of $157.41. The stock has a market capitalization of $5.17 billion, a price-to-earnings ratio of 66.77 and a beta of 0.73.

SPS Commerce (NASDAQ:SPSC - Get Free Report) last posted its quarterly earnings results 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 business had revenue of $181.55 million during the quarter, compared to analysts' expectations of $179.57 million. During the same period last year, the company posted $0.86 earnings per share. The business's quarterly revenue was up 21.4% on a year-over-year basis. Research analysts forecast that SPS Commerce, Inc. will post 2.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. MassMutual Private Wealth & Trust FSB increased 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 acquiring an additional 125 shares in the last quarter. NewEdge Advisors LLC boosted its stake in 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 purchasing an additional 191 shares during the last quarter. Allworth Financial LP boosted its stake in SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker's stock valued at $33,000 after purchasing an additional 175 shares during the last quarter. SBI Securities Co. Ltd. bought a new stake in SPS Commerce during the 4th quarter worth approximately $40,000. Finally, Caitong International Asset Management Co. Ltd raised its stake in shares of 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. Institutional investors and hedge funds own 98.96% of the company's stock.

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.