Sprout Social, Inc. (NASDAQ:SPT) Receives $10.43 Average Price Target from Analysts

Shares of Sprout Social, Inc. (NASDAQ:SPT) have been given an average recommendation of “Hold” by the nine ratings firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $10.4286.

A number of equities analysts have commented on SPT shares. Zacks Research raised shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. Wall Street Zen raised shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a research note on Saturday. KeyCorp raised their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Finally, Barclays lifted their price target on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th.

Insider Transactions at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, July 10th. The stock was sold at an average price of $8.28, for a total value of $331,200.00. Following the sale, the insider owned 7,417 shares in the company, valued at $61,412.76. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Sprout Social

Several large investors have recently modified their holdings of SPT. Vanguard Group Inc. increased its position in shares of Sprout Social by 4.2% during the 4th quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock worth $76,894,000 after purchasing an additional 274,527 shares during the last quarter. Haveli Investment Management LLC purchased a new stake in Sprout Social in the 2nd quarter valued at about $16,405,033,000. State Street Corp lifted its position in Sprout Social by 8.2% in the fourth quarter. State Street Corp now owns 1,546,142 shares of the company’s stock valued at $17,425,000 after buying an additional 117,757 shares during the last quarter. LB Partners LLC lifted its position in Sprout Social by 144.7% in the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock valued at $8,613,000 after buying an additional 893,502 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Sprout Social by 11.0% during the fourth quarter. Geode Capital Management LLC now owns 1,254,451 shares of the company’s stock worth $14,141,000 after buying an additional 123,983 shares during the period.

Sprout Social Price Performance

Shares of SPT opened at $9.89 on Friday. Sprout Social has a 52-week low of $4.92 and a 52-week high of $16.03. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock has a fifty day simple moving average of $8.06 and a two-hundred day simple moving average of $7.10. The company has a market capitalization of $599.24 million, a PE ratio of -19.78 and a beta of 0.97.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. The firm had revenue of $123.85 million for the quarter, compared to analysts’ expectations of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. As a group, equities analysts forecast that Sprout Social will post -0.25 EPS for the current year.

About Sprout Social

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.