Sprout Social (NASDAQ:SPT) Upgraded at Zacks Research

Sprout Social (NASDAQ:SPT) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research analysts have also recently commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Barclays lifted their price target on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, KeyCorp boosted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $10.86.

Sprout Social Trading Down 1.5%

NASDAQ:SPT opened at $9.90 on Monday. Sprout Social has a twelve month low of $4.92 and a twelve month high of $16.03. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. The business has a 50 day moving average price of $7.91 and a two-hundred day moving average price of $7.10. The company has a market cap of $595.09 million, a P/E ratio of -19.80 and a beta of 0.97.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.10. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 9.06%. The company had revenue of $123.85 million during the quarter, compared to analysts’ expectations of $122.19 million. 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. As a group, analysts expect that Sprout Social will post -0.27 EPS for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $8.28, for a total transaction of $331,200.00. Following the sale, the insider owned 7,417 shares in the company, valued at $61,412.76. This represents a 84.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Sprout Social

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in Sprout Social by 4.2% in the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock valued at $76,894,000 after acquiring an additional 274,527 shares during the last quarter. Pale Fire Capital SE acquired a new position in shares of Sprout Social during the 1st quarter worth about $1,960,000. Nano Cap New Millennium Growth Fund L P acquired a new position in shares of Sprout Social during the 4th quarter worth about $2,564,000. Brighton Jones LLC raised its holdings in shares of Sprout Social by 391.7% in the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock valued at $1,105,000 after purchasing an additional 28,667 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Sprout Social by 46.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 442,496 shares of the company’s stock valued at $2,522,000 after purchasing an additional 141,258 shares during the period.

About Sprout Social

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.