Cantor Fitzgerald Begins Coverage on SPS Commerce (NASDAQ:SPSC)

Cantor Fitzgerald assumed coverage on shares of SPS Commerce (NASDAQ:SPSC) in a report issued on Tuesday, Marketbeat.com reports. The brokerage issued an overweight rating and a $170.00 target price on the software maker’s stock.

Other equities analysts have also issued research reports about the company. Needham & Company LLC reissued a “buy” rating and issued a $210.00 target price on shares of SPS Commerce in a research report on Friday, April 25th. Robert W. Baird boosted their target price on SPS Commerce from $154.00 to $159.00 and gave the stock a “neutral” rating in a research report on Friday, April 25th. Piper Sandler decreased their target price on SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, February 11th. DA Davidson reduced their price target on shares of SPS Commerce from $245.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Finally, Northland Securities reaffirmed a “market perform” rating and set a $181.00 price target (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday, February 11th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $192.56.

SPS Commerce Price Performance

SPSC opened at $142.13 on Tuesday. SPS Commerce has a 1 year low of $120.09 and a 1 year high of $218.61. The stock has a 50-day moving average price of $138.36 and a 200-day moving average price of $158.90. The firm has a market cap of $5.40 billion, a PE ratio of 69.67 and a beta of 0.81.

SPS Commerce (NASDAQ:SPSC) last issued its earnings results on Thursday, April 24th. The software maker reported $1.00 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.15. SPS Commerce had a return on equity of 12.27% and a net margin of 12.08%. The business had revenue of $181.55 million during the quarter, compared to analyst estimates of $179.57 million. During the same quarter in the previous year, the firm earned $0.86 EPS. SPS Commerce’s revenue was up 21.4% on a year-over-year basis. As a group, sell-side analysts anticipate that SPS Commerce will post 2.73 EPS for the current year.

Institutional Investors Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in shares of SPS Commerce during the 4th quarter valued at about $40,000. Hurley Capital LLC bought a new position in shares of SPS Commerce during the 4th quarter valued at approximately $41,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of SPS Commerce by 126.3% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 224 shares of the software maker’s stock valued at $30,000 after acquiring an additional 125 shares during the period. NewEdge Advisors LLC grew its stake in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the period. Finally, Allworth Financial LP grew its stake in shares of SPS Commerce by 296.6% during the 1st quarter. Allworth Financial LP now owns 234 shares of the software maker’s stock valued at $33,000 after acquiring an additional 175 shares during the period. Hedge funds and other institutional investors own 98.96% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.