SPS Commerce, Inc. (NASDAQ:SPSC) has earned an average rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $59.83.

Several brokerages have commented on SPSC. Oppenheimer lowered their target price on shares of SPS Commerce from $120.00 to $60.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $64.00 target price for the company in a research note on Wednesday, July 31st. ValuEngine downgraded shares of SPS Commerce from a “hold” rating to a “sell” rating in a research note on Friday, August 23rd. Canaccord Genuity lowered their target price on shares of SPS Commerce to $60.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Finally, BidaskClub downgraded shares of SPS Commerce from a “sell” rating to a “strong sell” rating in a research note on Tuesday.

Shares of SPSC stock traded up $0.18 during trading hours on Thursday, reaching $48.60. 13,440 shares of the company were exchanged, compared to its average volume of 294,726. SPS Commerce has a fifty-two week low of $37.92 and a fifty-two week high of $59.14. The stock’s fifty day moving average is $83.90 and its two-hundred day moving average is $99.45. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 79.67, a P/E/G ratio of 3.49 and a beta of 0.65. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.67 and a quick ratio of 4.67.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, July 25th. The software maker reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.10. The company had revenue of $68.53 million for the quarter, compared to analyst estimates of $68.13 million. SPS Commerce had a net margin of 11.69% and a return on equity of 9.10%. SPS Commerce’s quarterly revenue was up 12.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 earnings per share. On average, research analysts anticipate that SPS Commerce will post 0.87 earnings per share for the current year.

In other news, Director Philip Soran sold 2,060 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $109.55, for a total value of $225,673.00. Following the completion of the transaction, the director now owns 9,968 shares in the company, valued at $1,091,994.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Archie C. Black sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 30th. The shares were sold at an average price of $112.61, for a total transaction of $2,815,250.00. Following the completion of the transaction, the chief executive officer now owns 68,344 shares of the company’s stock, valued at approximately $7,696,217.84. The disclosure for this sale can be found here. Insiders sold 50,044 shares of company stock valued at $5,633,505 in the last quarter. Corporate insiders own 3.34% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new position in shares of SPS Commerce in the second quarter valued at approximately $31,000. Advisor Group Inc. boosted its holdings in SPS Commerce by 28.3% during the second quarter. Advisor Group Inc. now owns 857 shares of the software maker’s stock worth $87,000 after purchasing an additional 189 shares during the last quarter. Penserra Capital Management LLC acquired a new position in SPS Commerce during the first quarter worth $90,000. C M Bidwell & Associates Ltd. lifted its stake in SPS Commerce by 155.2% in the second quarter. C M Bidwell & Associates Ltd. now owns 1,110 shares of the software maker’s stock valued at $113,000 after acquiring an additional 675 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new stake in SPS Commerce in the second quarter valued at $115,000. Institutional investors own 49.33% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

See Also: Earnings Per Share (EPS) Explained

Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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