Sprout Social, Inc. (NASDAQ:SPT) Receives Average Rating of “Hold” from Analysts

Shares of Sprout Social, Inc. (NASDAQ:SPT) have been assigned a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $33.85.

SPT has been the topic of several research analyst reports. Stifel Nicolaus dropped their price objective on Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Canaccord Genuity Group dropped their price objective on Sprout Social from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Oppenheimer dropped their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 3rd. Scotiabank dropped their price objective on Sprout Social from $28.00 to $25.00 and set a “sector perform” rating on the stock in a research note on Thursday, February 27th. Finally, Barclays dropped their price objective on Sprout Social from $38.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th.

Insider Buying and Selling

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction on 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 $927,922.90. This represents a 14.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction on Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00. Following the sale, the insider now owns 27,136 shares of the company’s stock, valued at $859,397.12. The trade was a 59.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,800 shares of company stock valued at $3,242,332 over the last 90 days. 10.97% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprout Social

Several institutional investors and hedge funds have recently added to or reduced their stakes in SPT. Quarry LP lifted its stake in Sprout Social by 100.9% during the third quarter. Quarry LP now owns 1,573 shares of the company’s stock worth $46,000 after purchasing an additional 790 shares during the last quarter. US Bancorp DE lifted its stake in Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company’s stock worth $52,000 after purchasing an additional 1,627 shares during the last quarter. KBC Group NV lifted its stake in Sprout Social by 77.1% during the fourth 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. lifted its stake in Sprout Social by 27.5% during the third 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. Finally, Yarbrough Capital LLC bought a new stake in Sprout Social during the fourth quarter worth $206,000.

Sprout Social Stock Performance

SPT opened at $23.57 on Friday. Sprout Social has a 52-week low of $22.95 and a 52-week high of $62.34. The firm has a market capitalization of $1.35 billion, a PE ratio of -19.64 and a beta of 1.11. 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 business’s 50-day simple moving average is $30.33 and its 200 day simple moving average is $29.98.

Sprout Social (NASDAQ:SPT) last released its earnings results on Tuesday, February 25th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.35). The company had revenue of $107.09 million for the quarter, compared to the consensus estimate of $106.74 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 expect 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.