Sprout Social, Inc. (NASDAQ:SPT) Receives $25.82 Consensus PT from Brokerages

Sprout Social, Inc. (NASDAQ:SPT) has received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.8182.

A number of equities research analysts have issued reports on the stock. Canaccord Genuity Group cut their target price on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Morgan Stanley reduced their price objective on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th.

Insider Activity at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $10.22, for a total transaction of $204,400.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $75,801.74. This represents a 72.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Aaron Edward Frederick Rankin purchased 90,661 shares of Sprout Social stock in a transaction on Wednesday, December 17th. The stock was bought at an average cost of $11.14 per share, with a total value of $1,009,963.54. Following the transaction, the director directly owned 114,969 shares of the company’s stock, valued at approximately $1,280,754.66. The trade was a 372.97% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 10.12% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

A number of hedge funds have recently bought and sold shares of SPT. JPMorgan Chase & Co. boosted its stake in Sprout Social by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 311,353 shares of the company’s stock valued at $4,023,000 after purchasing an additional 27,571 shares during the period. Connors Investor Services Inc. acquired a new stake in Sprout Social during the third quarter valued at approximately $194,000. CANADA LIFE ASSURANCE Co grew its position in Sprout Social by 56.4% in the third quarter. CANADA LIFE ASSURANCE Co now owns 283,144 shares of the company’s stock valued at $3,910,000 after acquiring an additional 102,107 shares during the period. Dark Forest Capital Management LP boosted its stake in shares of Sprout Social by 576.3% in the 3rd quarter. Dark Forest Capital Management LP now owns 113,364 shares of the company’s stock valued at $1,465,000 after purchasing an additional 96,601 shares in the last quarter. Finally, PharVision Advisers LLC acquired a new stake in shares of Sprout Social during the third quarter worth approximately $292,000.

Sprout Social Stock Up 0.4%

Shares of Sprout Social stock opened at $10.39 on Thursday. Sprout Social has a 1 year low of $9.16 and a 1 year high of $35.18. The company has a market cap of $614.98 million, a P/E ratio of -12.83 and a beta of 0.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The stock has a 50-day moving average price of $10.53 and a 200 day moving average price of $13.86.

Sprout Social (NASDAQ:SPT) last released its earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. The company had revenue of $115.59 million for the quarter, compared to analysts’ expectations of $114.86 million. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.The business’s revenue for the quarter was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS and its Q4 2025 guidance at 0.150-0.170 EPS. As a group, analysts expect that Sprout Social will post -0.99 EPS for the current fiscal year.

Sprout Social Company Profile

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.