NASDAQ:SPT

Sprout Social (SPT) Stock Forecast, Price & News

$47.52

+0.80 (+1.71%)

(As of 09/27/2023 ET)

Compare

Today's Range: $46.42
▼
$48.16
50-Day Range: $44.33
▼
$57.14
52-Week Range: $37.00
▼
$74.07

Volume: 719,409 shs
Average Volume: 562,116 shs
Market Capitalization: $2.65 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $61.82

Sprout Social MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.78 Rating Score
Upside/Downside: 30.1% Upside
$61.82 Price Target
Short Interest: Bearish
11.91% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.90
Based on 3 Articles This Week
Insider Trading: Selling Shares
$3.30 M Sold Last Quarter
Proj. Earnings Growth: Decreasing
From ($1.02) to ($1.14) Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.01 out of 5 stars

Computer And Technology Sector

430th out of 606 stocks

Prepackaged Software Industry

138th out of 202 stocks

4.4

Analyst's Opinion

Consensus Rating
Sprout Social has received a consensus rating of Moderate Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $61.82, Sprout Social has a forecasted upside of 30.1% from its current price of $47.52.
Amount of Analyst Coverage
Sprout Social has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

0.0

Short Interest

Percentage of Shares Shorted
11.91% of the outstanding shares of Sprout Social have been sold short.
Short Interest Ratio / Days to Cover
Sprout Social has a short interest ratio ("days to cover") of 10.7, which indicates bearish sentiment.
Change versus previous month
Short interest in Sprout Social has recently increased by 6.07%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Sprout Social does not currently pay a dividend.
Dividend Growth
Sprout Social does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SPT.

3.3

News and Social Media Coverage

News Sentiment
Sprout Social has a news sentiment score of 0.90. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.66 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Sprout Social this week, compared to 3 articles on an average week.
Search Interest
9 people have searched for SPT on MarketBeat in the last 30 days. This is an increase of 13% compared to the previous 30 days.
MarketBeat Follows
3 people have added Sprout Social to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sprout Social insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,302,737.00 in company stock.
Percentage Held by Insiders
11.93% of the stock of Sprout Social is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.0

Earnings and Valuation

Earnings Growth
Earnings for Sprout Social are expected to decrease in the coming year, from ($1.02) to ($1.14) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sprout Social is -52.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sprout Social is -52.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sprout Social has a P/B Ratio of 19.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sprout Social (NASDAQ:SPT) Stock

Sprout Social, Inc. designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. The company offers provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, social commerce, employee advocacy, and automation and workflows. Its tools serve a range of use-cases within its customers' organizations, including social and community management, public relations, marketing, customer service and care, commerce, sales, and customer acquisition, recruiting and hiring, product development, and business strategy. The company also offers professional services, which primarily consist of consulting and training services. It serves small-and-medium-sized businesses, mid-market companies, enterprises, marketing agencies, government, non-profit, and educational institutions. Sprout Social, Inc. was incorporated in 2010 and is headquartered in Chicago, Illinois.

SPT Price History

30 days | 90 days | 365 days | Advanced Chart

SPT Stock News Headlines

September 27, 2023 | markets.businessinsider.com

Sprout Social’s Promising Growth Potential: Robert Oliver’s Buy Rating Justification and Future Projections

September 26, 2023 | finance.yahoo.com

Is Sprout Social Inc (SPT) Set to Underperform? Analyzing the Factors Limiting Growth

September 28, 2023 | Chaikin Analytics (Ad)

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September 19, 2023 | finance.yahoo.com

Sprout Social Recognized by Fortune Media as a 2023 Best Workplace in Technology

September 18, 2023 | technews.tmcnet.com

Sprout Social Earns 138 Badges in G2's 2023 Fall Reports

September 18, 2023 | finance.yahoo.com

Sprout Social Earns 138 Badges in G2’s 2023 Fall Reports

September 16, 2023 | seekingalpha.com

Sprout Social: Expensive Amid Deceleration, Acquisition (Rating Downgrade)

September 15, 2023 | markets.businessinsider.com

The Latest Analyst Ratings for Sprout Social

September 28, 2023 | Chaikin Analytics (Ad)

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September 12, 2023 | finance.yahoo.com

New Research Indicates a Shift in What Consumers Find Memorable on Social Media

September 7, 2023 | finance.yahoo.com

Insider Sell: CFO and Treasurer Preto Del Sells 2,776 Shares of Sprout Social Inc

September 6, 2023 | seekingalpha.com

Sprout Social: Founder-Led But Flawed

August 29, 2023 | finance.yahoo.com

New Research Reveals Influencer Marketing as Critical to Brands’ Social Strategies

August 29, 2023 | finance.yahoo.com

3 Millionaire-Maker Tech Stocks to Hold Through Thick and Thin

August 16, 2023 | seekingalpha.com

Sprout Social: Continues To Find Success In The Up Market

August 14, 2023 | finance.yahoo.com

Sprout Social to Host September Investor Day

August 9, 2023 | finance.yahoo.com

Insider Sell: CFO Preto Del Sells 1,500 Shares of Sprout Social Inc

August 8, 2023 | markets.businessinsider.com

Sprout Social (SPT) Receives a Buy from Robert W. Baird

August 7, 2023 | markets.businessinsider.com

Barclays Remains a Buy on Sprout Social (SPT)

August 6, 2023 | msn.com

Sprout Social: An Interesting Business With Some Bottom Line Work To Do

August 5, 2023 | finance.yahoo.com

Sprout Social, Inc. (NASDAQ:SPT) Q2 2023 Earnings Call Transcript

August 5, 2023 | msn.com

Needham Reiterates Sprout Social Inc (SPT) Buy Recommendation

August 4, 2023 | theglobeandmail.com

Sprout Social (SPT) Stock Trades Down, Here Is Why

August 4, 2023 | finance.yahoo.com

Compared to Estimates, Sprout Social (SPT) Q2 Earnings: A Look at Key Metrics

August 3, 2023 | theglobeandmail.com

Sprout Social's (NASDAQ:SPT) Q2 Earnings Results: Revenue In Line With Expectations But Stock Drops

August 3, 2023 | finance.yahoo.com

Sprout Social Announces Second Quarter 2023 Financial Results Above Guidance Range

August 3, 2023 | finance.yahoo.com

Sprout Social Acquires Tagger Media

See More Headlines

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SPT Company Calendar

Last Earnings: 8/03/2023
Today: 9/28/2023
Next Earnings (Estimated): 11/02/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:SPT
CUSIP: N/A
CIK: 1517375
Web: www.sproutsocial.com
Phone: 866-878-3231
Fax: N/A
Employees: 1,141
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $61.82
High Stock Price Forecast: $75.00
Low Stock Price Forecast: $44.00
Forecasted Upside/Downside: +30.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.78
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.90)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-50,240,000.00
Net Margins: -17.00%
Pretax Margin: -16.85%
Return on Equity: -33.85%
Return on Assets: -16.16%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.65
Quick Ratio: 1.65

Sales & Book Value

Annual Sales: $253.83 million
Price / Sales: 10.43
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.45 per share
Price / Book: 19.40

Miscellaneous

Outstanding Shares: 55,730,000
Free Float: 49,085,000
Market Cap: $2.65 billion
Optionable: Optionable
Beta: 0.92

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Key Executives

Mr. Justyn Russell Howard (Age 43)
Co-Founder, Chairman & CEO
Comp: $892.4k

Mr. Ryan Paul Barretto (Age 43)
Pres
Comp: $780.5k

Mr. Aaron Edward-Frederick Rankin (Age 40)
Co-Founder, CTO & Director
Comp: $489.6k

Mr. Joseph M. Del Preto II (Age 48)
CFO & Treasurer
Comp: $614.46k

Ms. Jamie Cannon Gilpin (Age 44)
Chief Marketing Officer
Comp: $451.7k

Mr. Gilbert Lara
Co-Founder & Chief Creative Officer

Mr. Peter Soung
Co-Founder and Director of Product & Engineering

Ms. Rachael Pfenning
Sr. VP of Operations

Mr. Jason Rechel
Head of Investor Relations

Ms. Heidi N. Jonas Esq.
J.D., Gen. Counsel & Sec.

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPT Stock - Frequently Asked Questions

Should I buy or sell Sprout Social stock right now?: 9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SPT shares.
View SPT analyst ratings or view top-rated stocks.
What is Sprout Social's stock price forecast for 2023?: 9 analysts have issued 1 year price objectives for Sprout Social's shares. Their SPT share price forecasts range from $44.00 to $75.00. On average, they anticipate the company's share price to reach $61.82 in the next twelve months. This suggests a possible upside of 30.1% from the stock's current price.
View analysts price targets for SPT or view top-rated stocks among Wall Street analysts.
How have SPT shares performed in 2023?: Sprout Social's stock was trading at $56.46 at the beginning of 2023. Since then, SPT stock has decreased by 15.8% and is now trading at $47.52.
View the best growth stocks for 2023 here.
When is Sprout Social's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
View our SPT earnings forecast.
How were Sprout Social's earnings last quarter?: Sprout Social, Inc. (NASDAQ:SPT) issued its quarterly earnings results on Thursday, August, 3rd. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($0.27) by $0.04. The company earned $79.32 million during the quarter, compared to analyst estimates of $78.69 million. Sprout Social had a negative net margin of 17.00% and a negative trailing twelve-month return on equity of 33.85%.
What ETFs hold Sprout Social's stock?: ETFs with the largest weight of Sprout Social (NASDAQ:SPT) stock in their portfolio include Global X Social Media ETF (SOCL), First Trust Cloud Computing ETF (SKYY), SPDR S&P Software & Services ETF (XSW), ProShares Ultra Cloud Computing (SKYU), Franklin Exponential Data ETF (XDAT), iShares U.S. Small Cap Equity Factor ETF (SMLF) and Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).Ranger Equity Bear ETF (HDGE).
What guidance has Sprout Social issued on next quarter's earnings?: Sprout Social updated its third quarter 2023 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of -$0.05--$0.05 for the period, compared to the consensus estimate of $0.01. The company issued revenue guidance of $84.10 million-$84.20 million, compared to the consensus revenue estimate of $85.34 million.
What is Justyn Howard's approval rating as Sprout Social's CEO?: 239 employees have rated Sprout Social Chief Executive Officer Justyn Howard on Glassdoor.com. Justyn Howard has an approval rating of 99% among the company's employees. This puts Justyn Howard in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When did Sprout Social IPO?: (SPT) raised $150 million in an initial public offering on Friday, December 13th 2019. The company issued 8,800,000 shares at a price of $16.00-$18.00 per share. Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and KeyBanc Capital Markets, William Blair, Canaccord Genuity and Stifel were co-managers.
What is Sprout Social's stock symbol?: Sprout Social trades on the NASDAQ under the ticker symbol "SPT."
Who are Sprout Social's major shareholders?: Sprout Social's stock is owned by many different retail and institutional investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (26.32%), BlackRock Inc. (6.82%), Clearbridge Investments LLC (4.28%), Granahan Investment Management LLC (3.97%), Jennison Associates LLC (3.29%) and Thrivent Financial for Lutherans (2.97%). Insiders that own company stock include Aaron Edward Frederick Rankin, Aaron Edward Frederick Rankin, Goldman Sachs Group Inc, Jamie Cannon Gilpin, Justyn Russell Howard, Karen Walker, Preto Joseph Del, Ryan Paul Barretto, Steven A Collins, Steven A Collins and William Thomas Stanley.
View institutional ownership trends.
How do I buy shares of Sprout Social?: Shares of SPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sprout Social's stock price today?: One share of SPT stock can currently be purchased for approximately $47.52.
How much money does Sprout Social make?: Sprout Social (NASDAQ:SPT) has a market capitalization of $2.65 billion and generates $253.83 million in revenue each year. The company earns $-50,240,000.00 in net income (profit) each year or ($0.90) on an earnings per share basis.
How many employees does Sprout Social have?: The company employs 1,141 workers across the globe.
How can I contact Sprout Social?: The official website for the company is www.sproutsocial.com. The company can be reached via phone at 866-878-3231 or via email at 0.

This page (NASDAQ:SPT) was last updated on 9/28/2023 by MarketBeat.com Staff

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