Analysts Set Sprout Social, Inc. (NASDAQ:SPT) PT at $10.43

Shares of Sprout Social, Inc. (NASDAQ:SPT) have received an average rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $10.4286.

A number of research analysts have recently issued reports on the company. Zacks Research upgraded Sprout Social from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Morgan Stanley upped their price objective on Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 13th. Barclays raised their price objective on Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Wall Street Zen upgraded Sprout Social from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Finally, KeyCorp boosted their target price 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.

Sprout Social Price Performance

NASDAQ SPT opened at $10.80 on Tuesday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day moving average price is $9.48 and its 200-day moving average price is $7.50. Sprout Social has a 52-week low of $4.92 and a 52-week high of $14.90. The company has a market cap of $654.37 million, a PE ratio of -21.60 and a beta of 0.95.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $123.85 million during the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. 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. Sell-side analysts forecast that Sprout Social will post -0.02 EPS for the current fiscal year.

Insider Activity

In related news, insider Justyn Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00. Following the completion of the transaction, the insider owned 7,417 shares in the company, valued at $61,412.76. The trade was a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 51,612 shares of company stock valued at $464,157. 9.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprout Social

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in 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 acquiring an additional 274,527 shares during the period. Haveli Investment Management LLC acquired a new position in shares of Sprout Social in the second quarter valued at about $16,405,033. State Street Corp increased its holdings in shares of 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 purchasing an additional 117,757 shares during the period. LB Partners LLC raised its stake in shares of Sprout Social by 144.7% in the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock worth $8,613,000 after purchasing an additional 893,502 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of Sprout Social by 11.0% in the fourth quarter. Geode Capital Management LLC now owns 1,254,451 shares of the company’s stock worth $14,141,000 after purchasing an additional 123,983 shares during the last quarter.

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.