Barclays Cuts Sprout Social (NASDAQ:SPT) Price Target to $8.00

Sprout Social (NASDAQ:SPT) had its price target dropped by stock analysts at Barclays from $9.00 to $8.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 31.04% from the company’s previous close.

A number of other research firms have also weighed in on SPT. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Thursday, January 22nd. Needham & Company LLC decreased their price target on Sprout Social from $32.00 to $14.00 and set a “buy” rating for the company in a research report on Friday, February 27th. The Goldman Sachs Group reduced their price objective on Sprout Social from $13.00 to $8.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. KeyCorp reduced their price objective on Sprout Social from $9.00 to $6.00 and set an “underweight” rating for the company in a research note on Friday, February 27th. Finally, Wall Street Zen raised Sprout Social from a “hold” rating to a “buy” rating in a research note on Sunday, March 8th. Four analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $13.11.

Sprout Social Trading Up 5.6%

Shares of NASDAQ:SPT traded up $0.33 during midday trading on Tuesday, reaching $6.11. The company had a trading volume of 634,080 shares, compared to its average volume of 1,648,652. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.93 and a current ratio of 0.93. Sprout Social has a 1-year low of $4.92 and a 1-year high of $25.48. The firm has a market cap of $363.61 million, a price-to-earnings ratio of -8.25 and a beta of 1.00. The company has a fifty day simple moving average of $6.15 and a two-hundred day simple moving average of $8.89.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.04. Sprout Social had a negative return on equity of 16.10% and a negative net margin of 9.47%.The business had revenue of $120.89 million during the quarter, compared to analyst estimates of $118.68 million. Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. Research analysts predict that Sprout Social will post -0.39 earnings per share for the current year.

Insider Transactions at Sprout Social

In related news, insider Justyn Russell Howard sold 40,000 shares of the stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $5.03, for a total value of $201,200.00. Following the completion of the sale, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $37,307.51. This represents a 84.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 103,855 shares of company stock valued at $600,860. 9.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprout Social

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB purchased a new stake in shares of Sprout Social during the 3rd quarter worth about $1,702,000. Y Intercept Hong Kong Ltd raised its stake in shares of Sprout Social by 121.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 446,403 shares of the company’s stock worth $5,768,000 after purchasing an additional 244,874 shares in the last quarter. LB Partners LLC purchased a new stake in shares of Sprout Social during the 3rd quarter worth about $2,455,000. Vanguard Group Inc. raised its stake in shares of Sprout Social by 4.4% during the 3rd quarter. Vanguard Group Inc. now owns 6,548,401 shares of the company’s stock worth $84,605,000 after purchasing an additional 276,300 shares in the last quarter. Finally, Counterpoint Mutual Funds LLC raised its stake in shares of Sprout Social by 941.1% during the 3rd quarter. Counterpoint Mutual Funds LLC now owns 202,611 shares of the company’s stock worth $2,618,000 after purchasing an additional 183,150 shares in the last quarter.

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.