Sprout Social (SPT) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SPT shares.
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9 Wall Street analysts have issued 12 month price targets for Sprout Social's shares. Their SPT share price forecasts range from $46.00 to $76.00. On average, they expect the company's stock price to reach $64.36 in the next twelve months. This suggests a possible upside of 35.8% from the stock's current price.
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Sprout Social's stock was trading at $56.46 on January 1st, 2023. Since then, SPT stock has decreased by 16.1% and is now trading at $47.39.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Sprout Social, Inc. (NASDAQ:SPT) released its quarterly earnings results on Tuesday, November, 2nd. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.16) by $0.13. The company earned $49.09 million during the quarter, compared to analysts' expectations of $47.37 million. Sprout Social had a negative net margin of 18.68% and a negative trailing twelve-month return on equity of 35.74%. During the same quarter last year, the business posted ($0.13) earnings per share.

ETFs with the largest weight of Sprout Social (NASDAQ:SPT) stock in their portfolio include Nuveen Small Cap Select ETF (NSCS), WisdomTree Cloud Computing Fund (WCLD), Global X Social Media Index ETF (SOCL), First Trust Cloud Computing ETF (SKYY), SPDR S&P Software & Services ETF (XSW), Franklin Exponential Data ETF (XDAT), First Trust Innovation Leaders ETF (ILDR) and ProShares Ultra Nasdaq Cloud Computing ETF (SKYU).

Sprout Social updated its second quarter 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of -$0.02--$0.02 for the period, compared to the consensus EPS estimate of 0. The company issued revenue guidance of $78.60 million-$78.70 million, compared to the consensus revenue estimate of $79.90 million.

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.

(SPT) raised $150 million in an initial public offering (IPO) 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 served as the underwriters for the IPO and KeyBanc Capital Markets, William Blair, Canaccord Genuity and Stifel were co-managers.

Sprout Social trades on the NASDAQ under the ticker symbol "SPT."

Sprout Social's stock is owned by many different retail and institutional investors. Top institutional shareholders include BlackRock Inc. (7.19%), Clearbridge Investments LLC (3.37%), Macquarie Group Ltd. (2.76%), Jennison Associates LLC (2.61%), Wasatch Advisors LP (2.32%) and FMR LLC (1.98%). Insiders that own company stock include Aaron Edward Frederick Rankin, Aaron Edward Frederick Rankin, Enterprise Associates 13 L New, Goldman Sachs Group Inc, Jamie Cannon Gilpin, Jason Kreuziger, Justyn Russell Howard, Karen Walker, Preto Joseph Del, Ryan Paul Barretto, Steven A Collins, Steven A Collins and William Thomas Stanley.
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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.
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One share of SPT stock can currently be purchased for approximately $47.39.

Sprout Social (NASDAQ:SPT) has a market capitalization of $2.63 billion and generates $253.83 million in revenue each year. The company earns $-50,240,000.00 in net income (profit) each year or ($0.93) on an earnings per share basis.

The company employs 1,141 workers across the globe.

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.