Sprout Social (NASDAQ:SPT) Price Target Raised to $14.00

Sprout Social (NASDAQ:SPT) had its target price upped by Stifel Nicolaus from $12.00 to $14.00 in a report released on Wednesday morning, MarketBeat Ratings reports. The brokerage currently has a buy rating on the stock.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. KeyCorp raised their target price on Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Wall Street Zen raised Sprout Social from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 15th. Morgan Stanley boosted their price target on Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a report on Thursday, August 13th. Finally, Barclays upped their price target on Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Sprout Social currently has a consensus rating of “Hold” and an average target price of $10.88.

Sprout Social Stock Down 2.5%

Shares of NASDAQ SPT opened at $11.28 on Wednesday. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. Sprout Social has a 52 week low of $4.92 and a 52 week high of $12.06. The firm’s fifty day moving average is $10.52 and its 200 day moving average is $8.26. The company has a market cap of $683.46 million, a price-to-earnings ratio of -22.56 and a beta of 1.01.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $123.85 million during the quarter, compared to analyst estimates 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. On average, equities research analysts expect that Sprout Social will post -0.02 earnings per share for the current year.

Insiders Place Their Bets

In other Sprout Social news, insider Justyn Howard sold 40,000 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $11.02, for a total transaction of $440,800.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $81,735.34. The trade was a 84.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,612 shares of company stock valued at $573,757 in the last quarter. Insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

Institutional investors and hedge funds have recently modified their holdings of the stock. Sequoia Financial Advisors LLC bought a new position in Sprout Social in the second quarter worth about $192,000. WINTON GROUP Ltd lifted its holdings in Sprout Social by 15.4% in the second quarter. WINTON GROUP Ltd now owns 27,000 shares of the company’s stock worth $204,000 after buying an additional 3,600 shares during the period. Integrated Wealth Concepts LLC bought a new stake in Sprout Social during the 2nd quarter valued at approximately $84,000. Squarepoint Ops LLC bought a new stake in Sprout Social during the 2nd quarter valued at approximately $457,000. Finally, Proficio Capital Partners LLC bought a new stake in Sprout Social during the 2nd quarter valued at approximately $119,000.

Sprout Social Company Profile

Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.

The company’s platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.