SPS Commerce’s (SPSC) Sell Rating Reiterated at Benchmark Co.
SPS Commerce, Inc. (NASDAQ:SPSC)‘s stock had its “sell” rating restated by equities researchers at Benchmark Co. in a research report issued on Monday, MarketBeat reports.
Several other brokerages have also commented on SPSC. Zacks Investment Research lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th. BidaskClub lowered shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 11th. KeyCorp restated a “hold” rating on shares of SPS Commerce in a research report on Friday, August 25th. Oppenheimer Holdings, Inc. began coverage on shares of SPS Commerce in a research report on Thursday, July 20th. They set an “outperform” rating and a $74.00 target price on the stock. Finally, Canaccord Genuity restated a “hold” rating and set a $65.00 target price on shares of SPS Commerce in a research report on Wednesday, July 26th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $70.78.
Shares of SPS Commerce (NASDAQ SPSC) traded up 1.49% during trading on Monday, hitting $49.16. 214,577 shares of the company’s stock were exchanged. The company has a 50-day moving average of $57.30 and a 200-day moving average of $58.89. The company has a market cap of $846.58 million, a P/E ratio of 92.93 and a beta of 1.13. SPS Commerce has a 12-month low of $45.03 and a 12-month high of $73.16.
SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, October 26th. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.20 by $0.03. The company had revenue of $56.15 million for the quarter, compared to analyst estimates of $56.15 million. SPS Commerce had a net margin of 3.97% and a return on equity of 4.25%. The business’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.27 EPS. On average, equities analysts expect that SPS Commerce will post $0.92 earnings per share for the current fiscal year.
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A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in SPS Commerce by 139,789.2% in the 1st quarter. BlackRock Inc. now owns 2,007,410 shares of the software maker’s stock valued at $117,414,000 after purchasing an additional 2,005,975 shares during the last quarter. Vanguard Group Inc. raised its stake in SPS Commerce by 7.1% in the 2nd quarter. Vanguard Group Inc. now owns 963,631 shares of the software maker’s stock valued at $61,441,000 after purchasing an additional 64,257 shares during the last quarter. FMR LLC raised its stake in SPS Commerce by 33.6% in the 1st quarter. FMR LLC now owns 850,300 shares of the software maker’s stock valued at $49,734,000 after purchasing an additional 214,000 shares during the last quarter. Southpoint Capital Advisors LP raised its stake in SPS Commerce by 88.0% in the 2nd quarter. Southpoint Capital Advisors LP now owns 750,000 shares of the software maker’s stock valued at $47,820,000 after purchasing an additional 351,103 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in SPS Commerce in the 2nd quarter valued at about $41,711,000. 97.03% of the stock is owned by hedge funds and other institutional investors.
About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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