Brokerages Set Sprout Social, Inc. (NASDAQ:SPT) PT at $10.43

Shares of Sprout Social, Inc. (NASDAQ:SPT) have received a consensus rating of “Hold” from the nine brokerages that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $10.4286.

Several analysts have recently weighed in on the stock. KeyCorp raised their price objective on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Wall Street Zen upgraded Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. Barclays increased their target price on Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. Finally, Morgan Stanley raised their target price on Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research note on Thursday, August 13th.

Sprout Social Price Performance

Shares of SPT stock opened at $10.07 on Friday. The stock’s fifty day simple moving average is $8.28 and its 200 day simple moving average is $7.12. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $610.14 million, a price-to-earnings ratio of -20.14 and a beta of 0.97. Sprout Social has a one year low of $4.92 and a one year high of $16.03.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%.The firm had revenue of $123.85 million for 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. On average, analysts expect that Sprout Social will post -0.02 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $8.28, for a total value of $331,200.00. Following the completion of the sale, the insider owned 7,417 shares in the company, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.60% of the company’s stock.

Hedge Funds Weigh In On Sprout Social

Hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new position in shares of Sprout Social in the 2nd quarter valued at about $119,000. Headlands Technologies LLC bought a new stake in shares of Sprout Social in the 2nd quarter valued at $111,000. Haveli Investment Management LLC bought a new stake in shares of Sprout Social in the second quarter worth about $16,405,033,000. Bank of New York Mellon Corp acquired a new stake in Sprout Social during the 2nd quarter worth approximately $1,658,000. Finally, GAMMA Investing LLC raised its holdings in shares of Sprout Social by 115.8% during the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after acquiring an additional 3,417 shares during the period.

Sprout Social Company Profile

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.