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

Shares of Sprout Social, Inc. (NASDAQ:SPT) have received a consensus recommendation of “Hold” from the fifteen research firms that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $45.46.

A number of equities research analysts recently weighed in on SPT shares. Oppenheimer decreased their price objective on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Piper Sandler decreased their price target on shares of Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Scotiabank began coverage on Sprout Social in a research note on Monday, November 18th. They issued a “sector perform” rating and a $28.00 price objective on the stock. Barclays decreased their target price on Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Friday, November 8th.

Insider Buying and Selling at Sprout Social

In related news, CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $28.25, for a total transaction of $474,600.00. Following the transaction, the chief executive officer now directly owns 170,175 shares in the company, valued at $4,807,443.75. The trade was a 8.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.27, for a total value of $42,405.00. Following the transaction, the chief financial officer now directly owns 158,614 shares in the company, valued at $4,484,017.78. This represents a 0.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 56,765 shares of company stock valued at $1,676,279. 10.97% of the stock is currently owned by insiders.

Institutional Trading of Sprout Social

A number of institutional investors have recently bought and sold shares of SPT. Impax Asset Management Group plc lifted its position in Sprout Social by 46.6% during the 3rd quarter. Impax Asset Management Group plc now owns 188,724 shares of the company’s stock worth $5,486,000 after acquiring an additional 60,000 shares during the period. Emerald Advisers LLC acquired a new stake in shares of Sprout Social during the second quarter worth about $4,345,000. Principal Financial Group Inc. lifted its holdings in shares of Sprout Social by 20.0% during the third quarter. Principal Financial Group Inc. now owns 1,199,451 shares of the company’s stock worth $34,868,000 after purchasing an additional 200,190 shares during the period. M&T Bank Corp purchased a new stake in Sprout Social in the third quarter valued at approximately $1,074,000. Finally, Zacks Investment Management acquired a new position in Sprout Social in the 3rd quarter worth approximately $2,120,000.

Sprout Social Trading Down 1.7 %

SPT opened at $31.41 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock’s 50 day moving average price is $30.54 and its 200-day moving average price is $31.57. Sprout Social has a one year low of $25.05 and a one year high of $68.41. The stock has a market cap of $1.80 billion, a price-to-earnings ratio of -26.17 and a beta of 1.03.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing the consensus estimate of ($0.22) by ($0.06). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. The business had revenue of $102.64 million during the quarter, compared to the consensus estimate of $102.04 million. On average, equities analysts forecast that Sprout Social will post -0.98 EPS for the current year.

About Sprout Social

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.