SPS Commerce Inc. Hits New 52-Week High at $74.00 (SPSC)
Shares of SPS Commerce (NASDAQ:SPSC) hit a new 52-week high on Wednesday, Analyst Ratings Network.com reports. The company traded as high as $74.00 and last traded at $72.60, with a volume of 29,656 shares trading hands. The stock had previously closed at $72.26.
A number of research firms have recently commented on SPSC. Analysts at Needham & Company raised their price target on shares of SPS Commerce from $46.00 to $65.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Separately, analysts at JMP Securities raised their price target on shares of SPS Commerce from $46.00 to $62.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. Finally, analysts at Canaccord Genuity raised their price target on shares of SPS Commerce from $60.00 to $65.00 in a research note to investors on Friday, July 26th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. SPS Commerce currently has an average rating of “Buy” and an average price target of $59.43.
SPS Commerce has a 52-week low of $32.08 and a 52-week high of $74.00. The stock’s 50-day moving average is $67.6 and its 200-day moving average is $57.00. The company has a market cap of $1.096 billion and a price-to-earnings ratio of 1032.29.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $24.57 million. During the same quarter in the previous year, the company posted $0.11 earnings per share. The company’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, analysts predict that SPS Commerce will post $0.51 earnings per share for the current fiscal year.
SPS Commerce, Inc is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics.
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