Sprout Social (NASDAQ:SPT) Price Target Raised to $11.00

Sprout Social (NASDAQ:SPT) had its price objective boosted by Morgan Stanley from $10.00 to $11.00 in a report published on Thursday,Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Several other brokerages have also commented on SPT. Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. Barclays boosted their price target on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $10.43.

Sprout Social Price Performance

Shares of SPT stock opened at $9.89 on Thursday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.95 and a current ratio of 1.03. Sprout Social has a fifty-two week low of $4.92 and a fifty-two week high of $16.03. The firm has a market cap of $594.49 million, a P/E ratio of -19.78 and a beta of 0.97. The business’s 50 day moving average price is $8.06 and its 200-day moving average price is $7.12.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.10. The company had revenue of $123.85 million during the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%.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, equities research analysts anticipate that Sprout Social will post -0.25 earnings per share for the current year.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider owned 7,417 shares of the company’s stock, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its stake in shares of Sprout Social by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock valued at $76,894,000 after purchasing an additional 274,527 shares in the last quarter. Pale Fire Capital SE bought a new stake in shares of Sprout Social in the 1st quarter worth approximately $1,960,000. Nano Cap New Millennium Growth Fund L P bought a new stake in shares of Sprout Social in the 4th quarter worth approximately $2,564,000. Arrowstreet Capital Limited Partnership boosted its position 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 worth $2,522,000 after purchasing an additional 141,258 shares in the last quarter. Finally, Brighton Jones LLC grew its stake 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 worth $1,105,000 after buying an additional 28,667 shares during 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.