Cantor Fitzgerald Forecasts Sprout Social FY2026 Earnings

Sprout Social, Inc. (NASDAQ:SPT) – Research analysts at Cantor Fitzgerald issued their FY2026 earnings per share (EPS) estimates for shares of Sprout Social in a report issued on Monday, June 9th. Cantor Fitzgerald analyst M. Vanvliet expects that the company will post earnings of ($0.77) per share for the year. Cantor Fitzgerald currently has a “Neutral” rating and a $24.00 price target on the stock. The consensus estimate for Sprout Social’s current full-year earnings is ($0.99) per share.

SPT has been the subject of several other research reports. Stifel Nicolaus lowered their price target on Sprout Social from $45.00 to $34.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th. Barclays lowered their price target on Sprout Social from $34.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, April 21st. Canaccord Genuity Group reduced their target price on Sprout Social from $40.00 to $35.00 and set a “buy” rating for the company in a report on Wednesday, February 26th. Needham & Company LLC restated a “buy” rating and issued a $32.00 target price on shares of Sprout Social in a report on Wednesday, May 28th. Finally, Piper Sandler reduced their target price on Sprout Social from $29.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.00.

Sprout Social Trading Down 5.2%

Shares of NASDAQ SPT opened at $21.29 on Wednesday. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of -17.74 and a beta of 1.04. The business has a 50 day simple moving average of $21.31 and a 200 day simple moving average of $26.91. Sprout Social has a 52 week low of $18.52 and a 52 week high of $39.75. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. The business had revenue of $109.29 million during the quarter, compared to analysts’ expectations of $107.63 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. The firm’s quarterly revenue was up 12.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.10 EPS.

Insiders Place Their Bets

In other news, Director Aaron Edward Frederick Rankin sold 23,646 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $24.58, for a total transaction of $581,218.68. Following the sale, the director now directly owns 42,122 shares in the company, valued at approximately $1,035,358.76. The trade was a 35.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Karen Walker sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The shares were sold at an average price of $19.42, for a total value of $97,100.00. Following the sale, the director now owns 25,665 shares in the company, valued at approximately $498,414.30. This represents a 16.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 176,021 shares of company stock valued at $3,738,636 in the last three months. Company insiders own 10.12% of the company’s stock.

Institutional Trading of Sprout Social

Institutional investors and hedge funds have recently modified their holdings of the company. ArrowMark Colorado Holdings LLC boosted its stake in Sprout Social by 380.7% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,772,219 shares of the company’s stock worth $54,425,000 after purchasing an additional 1,403,549 shares in the last quarter. Nuveen LLC acquired a new position in shares of Sprout Social during the first quarter valued at $13,131,000. Norges Bank acquired a new position in shares of Sprout Social during the fourth quarter valued at $13,422,000. Dorsey Asset Management LLC lifted its stake in shares of Sprout Social by 16.7% during the fourth quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company’s stock valued at $70,822,000 after acquiring an additional 330,155 shares during the period. Finally, Cadian Capital Management LP lifted its stake in shares of Sprout Social by 6.1% during the fourth quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company’s stock valued at $139,679,000 after acquiring an additional 263,267 shares during the period.

About Sprout Social

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.