Sprout Social, Inc. (NASDAQ:SPT) Given Consensus Rating of “Hold” by Brokerages

Shares of Sprout Social, Inc. (NASDAQ:SPT) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and six have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $42.42.

Several analysts have commented on the stock. Needham & Company LLC reissued a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research report on Wednesday, January 15th. Scotiabank initiated coverage on shares of Sprout Social in a research report on Monday, November 18th. They issued a “sector perform” rating and a $28.00 target price for the company. Morgan Stanley upped their price objective on shares of Sprout Social from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Barclays decreased their price objective on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Finally, Piper Sandler decreased their price objective on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a report on Monday, November 11th.

Insider Activity

In other news, CEO Ryan Paul Barretto sold 13,465 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $31.45, for a total value of $423,474.25. Following the completion of the transaction, the chief executive officer now owns 546,343 shares in the company, valued at approximately $17,182,487.35. This represents a 2.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $30.26, for a total transaction of $151,300.00. Following the completion of the sale, the director now directly owns 30,665 shares in the company, valued at approximately $927,922.90. The trade was a 14.02 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 80,265 shares of company stock worth $2,533,406. 10.97% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprout Social

Large investors have recently made changes to their positions in the company. Quarry LP grew its holdings in shares of Sprout Social by 2,346.9% in the 2nd quarter. Quarry LP now owns 783 shares of the company’s stock worth $28,000 after purchasing an additional 751 shares during the last quarter. KBC Group NV grew its holdings in shares of Sprout Social by 77.1% in the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after purchasing an additional 1,099 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock worth $108,000 after purchasing an additional 801 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Sprout Social in the 2nd quarter worth about $218,000. Finally, Yarbrough Capital LLC bought a new stake in Sprout Social during the 4th quarter worth about $206,000.

Sprout Social Trading Up 0.1 %

NASDAQ SPT opened at $33.07 on Thursday. The company has a market capitalization of $1.90 billion, a PE ratio of -27.56 and a beta of 1.03. Sprout Social has a 1-year low of $25.05 and a 1-year high of $68.41. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 0.19. The firm’s fifty day simple moving average is $31.91 and its 200-day simple moving average is $31.22.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The firm had revenue of $102.64 million for the quarter, compared to analysts’ expectations of $102.04 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. As a group, sell-side analysts anticipate that Sprout Social will post -0.99 earnings per share for the current fiscal year.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.