Sprout Social (NASDAQ:SPT) issued an update on its first quarter 2021
After-Hours earnings guidance on Tuesday morning. The company provided earnings per share guidance of -0.11–0.1 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.12. The company issued revenue guidance of $39.6-39.7 million, compared to the consensus revenue estimate of $38.23 million.Sprout Social also updated its FY 2021
After-Hours guidance to -0.4–0.37 EPS.

Shares of Sprout Social stock traded down $2.54 during trading on Tuesday, reaching $67.65. 783,218 shares of the stock were exchanged, compared to its average volume of 517,666. The stock’s fifty day moving average is $64.83 and its 200 day moving average is $52.41. The firm has a market cap of $3.58 billion and a price-to-earnings ratio of -43.60. Sprout Social has a 1 year low of $10.54 and a 1 year high of $82.47.

A number of analysts have recently weighed in on SPT shares. BTIG Research increased their target price on shares of Sprout Social from $55.00 to $71.00 and gave the stock a buy rating in a report on Tuesday, January 19th. Morgan Stanley lowered shares of Sprout Social from an overweight rating to an equal weight rating and raised their price objective for the stock from $34.00 to $51.00 in a report on Tuesday, November 17th. KeyCorp raised their price objective on shares of Sprout Social from $33.00 to $55.00 and gave the stock an overweight rating in a report on Tuesday, November 10th. Needham & Company LLC raised their price objective on shares of Sprout Social from $46.00 to $52.00 and gave the stock a buy rating in a report on Tuesday, November 10th. Finally, Canaccord Genuity raised their price objective on shares of Sprout Social from $34.00 to $50.00 and gave the stock a buy rating in a report on Tuesday, November 10th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of Buy and an average price target of $45.50.

In related news, CTO Aaron Edward Frederick Rankin sold 16,600 shares of the firm’s stock in a transaction that occurred on Thursday, December 10th. The shares were sold at an average price of $48.22, for a total transaction of $800,452.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Jamie Cannon Gilpin sold 1,278 shares of the firm’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $77.97, for a total transaction of $99,645.66. The disclosure for this sale can be found here. Insiders have sold 145,073 shares of company stock valued at $8,142,582 over the last quarter.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows.

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