Sprout Social, Inc. (NASDAQ:SPT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Sprout Social, Inc. (NASDAQ:SPT) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $25.8182.

A number of analysts have recently weighed in on the stock. Canaccord Genuity Group reduced their target price on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Morgan Stanley dropped their price target on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a research report on Thursday, November 13th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Wednesday, October 8th. Finally, Zacks Research lowered Sprout Social from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th.

Sprout Social Stock Performance

NASDAQ:SPT opened at $10.71 on Friday. The company has a market cap of $633.92 million, a price-to-earnings ratio of -13.22 and a beta of 0.79. Sprout Social has a 1 year low of $9.16 and a 1 year high of $36.30. The stock’s 50 day simple moving average is $10.76 and its two-hundred day simple moving average is $15.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.89 and a quick ratio of 0.89.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.07. The company had revenue of $115.59 million for the quarter, compared to analysts’ expectations of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. Sprout Social’s quarterly revenue was up 12.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 earnings per share. Sprout Social has set its FY 2025 guidance at 0.770-0.790 EPS and its Q4 2025 guidance at 0.150-0.170 EPS. As a group, equities analysts anticipate that Sprout Social will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of $10.22, for a total transaction of $204,400.00. Following the completion of the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $75,801.74. The trade was a 72.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 10.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprout Social

A number of large investors have recently made changes to their positions in SPT. Brighton Jones LLC lifted its stake in Sprout Social by 391.7% in the fourth quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock worth $1,105,000 after purchasing an additional 28,667 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Sprout Social by 11.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,976 shares of the company’s stock worth $373,000 after buying an additional 1,703 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Sprout Social by 8.7% during the 1st quarter. PNC Financial Services Group Inc. now owns 9,367 shares of the company’s stock worth $206,000 after acquiring an additional 747 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Sprout Social by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 5,900,938 shares of the company’s stock valued at $129,762,000 after acquiring an additional 14,771 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Sprout Social by 2.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 482,644 shares of the company’s stock valued at $10,613,000 after acquiring an additional 11,910 shares during the last quarter.

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.