Sprout Social (NASDAQ:SPT) Given New $42.00 Price Target at Jefferies Financial Group

Sprout Social (NASDAQ:SPTFree Report) had its price target boosted by Jefferies Financial Group from $34.00 to $42.00 in a research report released on Monday morning,Benzinga reports. Jefferies Financial Group currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on SPT. Piper Sandler reduced their price objective on Sprout Social from $40.00 to $29.00 and set a “neutral” rating for the company in a research note on Monday, November 11th. Barclays dropped their price target on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Needham & Company LLC restated a “buy” rating and issued a $55.00 target price on shares of Sprout Social in a research note on Wednesday, January 15th. Scotiabank assumed coverage on Sprout Social in a research note on Monday, November 18th. They set a “sector perform” rating and a $28.00 price target for the company. Finally, Oppenheimer dropped their price objective on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, Sprout Social presently has an average rating of “Hold” and an average target price of $39.58.

Check Out Our Latest Report on Sprout Social

Sprout Social Trading Up 1.4 %

Shares of NASDAQ:SPT opened at $33.13 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of -27.61 and a beta of 1.06. Sprout Social has a 1-year low of $25.05 and a 1-year high of $68.41. The company has a 50 day moving average price of $32.44 and a 200 day moving average price of $31.05.

Sprout Social (NASDAQ:SPTGet Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The company had revenue of $102.64 million during the quarter, compared to analyst estimates of $102.04 million. Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. On average, research analysts anticipate that Sprout Social will post -0.99 EPS for the current fiscal year.

Insider Activity at Sprout Social

In related news, Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $34.24, for a total transaction of $171,200.00. Following the completion of the transaction, the director now directly owns 35,665 shares of the company’s stock, valued at $1,221,169.60. This trade represents a 12.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Ryan Paul Barretto sold 16,800 shares of the firm’s stock in a transaction that occurred on Monday, December 30th. The stock was sold at an average price of $30.99, for a total transaction of $520,632.00. Following the sale, the chief executive officer now directly owns 153,375 shares of the company’s stock, valued at approximately $4,753,091.25. The trade was a 9.87 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 80,265 shares of company stock worth $2,533,406 in the last ninety days. 10.97% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Sprout Social

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Handelsbanken Fonder AB grew its position in shares of Sprout Social by 28.9% in the 4th quarter. Handelsbanken Fonder AB now owns 11,600 shares of the company’s stock valued at $356,000 after purchasing an additional 2,600 shares during the period. Peregrine Capital Management LLC increased its holdings in Sprout Social by 1.9% during the 4th quarter. Peregrine Capital Management LLC now owns 172,702 shares of the company’s stock worth $5,304,000 after purchasing an additional 3,213 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of Sprout Social by 2.1% during the fourth quarter. Rhumbline Advisers now owns 70,202 shares of the company’s stock worth $2,156,000 after buying an additional 1,446 shares in the last quarter. Jennison Associates LLC raised its position in Sprout Social by 0.3% in the 4th quarter. Jennison Associates LLC now owns 2,171,567 shares of the company’s stock valued at $66,689,000 after buying an additional 7,311 shares during the last quarter. Finally, KBC Group NV boosted its position in Sprout Social by 77.1% during the 4th quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after acquiring an additional 1,099 shares during the last quarter.

Sprout Social Company Profile

(Get Free Report)

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.

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Analyst Recommendations for Sprout Social (NASDAQ:SPT)

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