Sprout Social Stock Price, News & Analysis (NASDAQ:SPT)

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 "moderate buy" SPT shares.
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9 brokerages have issued 1 year price objectives for Sprout Social's stock. Their SPT share price targets range from $48.00 to $78.00. On average, they predict the company's share price to reach $63.25 in the next twelve months. This suggests a possible upside of 5.8% from the stock's current price.
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Sprout Social's stock was trading at $56.46 at the start of the year. Since then, SPT shares have increased by 5.9% and is now trading at $59.78.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 20th 2024.
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Sprout Social, Inc. (NASDAQ:SPT) released its quarterly earnings results on Thursday, November, 2nd. The company reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.33) by $0.02. The business earned $85.53 million during the quarter, compared to the consensus estimate of $84.14 million. Sprout Social had a negative net margin of 18.82% and a negative trailing twelve-month return on equity of 37.44%.

ETFs with the largest weight of Sprout Social (NASDAQ:SPT) stock in their portfolio include Global X Social Media Index ETF (SOCL), First Trust Cloud Computing ETF (SKYY), SPDR S&P Software & Services ETF (XSW), ProShares Ultra Nasdaq Cloud Computing ETF (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).

Sprout Social updated its fourth quarter earnings guidance on Thursday, November, 2nd. The company provided earnings per share (EPS) guidance of $0.00-0.01 for the period, compared to the consensus EPS estimate of $0.00. The company issued revenue guidance of $90.5-90.6 million, compared to the consensus revenue estimate of $89.94 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 on Friday, December 13th 2019. The company issued 8,800,000 shares at $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.

Sprout Social's stock is owned by a number of retail and institutional investors. Top institutional investors include Baillie Gifford & Co. (7.87%), Wellington Management Group LLP (7.06%), Clearbridge Investments LLC (4.25%), Jennison Associates LLC (3.30%), Ameriprise Financial Inc. (2.58%) and Invesco Ltd. (2.33%). 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.
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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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