SPS Commerce (NASDAQ:SPSC) Stock Rating Lowered by Wall Street Zen

SPS Commerce (NASDAQ:SPSC) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Tuesday.

Several other research firms have also recently commented on SPSC. Weiss Ratings reiterated a “hold (c-)” rating on shares of SPS Commerce in a report on Wednesday, October 8th. DA Davidson reiterated a “neutral” rating and set a $125.00 price target on shares of SPS Commerce in a report on Thursday, September 25th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, July 31st. Loop Capital cut shares of SPS Commerce from a “buy” rating to a “hold” rating and lowered their price target for the stock from $175.00 to $120.00 in a report on Thursday, July 31st. Finally, Northland Securities set a $125.00 price target on shares of SPS Commerce in a report on Tuesday, September 30th. Five investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $153.70.

SPS Commerce Stock Performance

Shares of SPSC stock opened at $109.35 on Tuesday. The stock has a market capitalization of $4.15 billion, a P/E ratio of 50.16 and a beta of 0.69. The company has a 50 day moving average price of $108.98 and a 200 day moving average price of $127.13. SPS Commerce has a fifty-two week low of $102.05 and a fifty-two week high of $201.06.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. The firm had revenue of $187.40 million during the quarter, compared to analysts’ expectations of $185.88 million. SPS Commerce had a net margin of 11.79% and a return on equity of 12.10%. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 earnings per share. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. On average, research analysts forecast that SPS Commerce will post 2.73 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in SPS Commerce in the 1st quarter valued at $1,045,000. Conestoga Capital Advisors LLC raised its position in SPS Commerce by 0.9% in the 1st quarter. Conestoga Capital Advisors LLC now owns 1,260,182 shares of the software maker’s stock valued at $167,264,000 after purchasing an additional 11,590 shares during the last quarter. Johnson Investment Counsel Inc. purchased a new stake in SPS Commerce in the 1st quarter valued at $1,816,000. Advisor Resource Council purchased a new stake in SPS Commerce in the 1st quarter valued at $439,000. Finally, Legacy Advisors LLC raised its position in SPS Commerce by 21.9% in the 1st quarter. Legacy Advisors LLC now owns 3,539 shares of the software maker’s stock valued at $470,000 after purchasing an additional 636 shares during the last quarter. Institutional investors and hedge funds own 98.96% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.