DA Davidson Issues Pessimistic Forecast for SPS Commerce (NASDAQ:SPSC) Stock Price

SPS Commerce (NASDAQ:SPSC) had its price target cut by equities research analysts at DA Davidson from $80.00 to $65.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the software maker’s stock. DA Davidson’s price target would suggest a potential upside of 11.30% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $110.00 target price (down previously from $160.00) on shares of SPS Commerce in a report on Friday, October 31st. Weiss Ratings restated a “sell (d+)” rating on shares of SPS Commerce in a report on Thursday, January 22nd. Citigroup reaffirmed a “buy” rating and issued a $84.00 price objective (down previously from $110.00) on shares of SPS Commerce in a research note on Friday, February 13th. Cantor Fitzgerald set a $70.00 target price on shares of SPS Commerce in a research report on Friday, February 13th. Finally, Morgan Stanley set a $95.00 target price on shares of SPS Commerce in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, SPS Commerce currently has a consensus rating of “Hold” and an average target price of $87.40.

SPS Commerce Trading Down 2.8%

SPSC opened at $58.40 on Tuesday. The company has a market cap of $2.20 billion, a P/E ratio of 23.84 and a beta of 0.56. The company’s 50 day moving average is $85.84 and its 200-day moving average is $95.46. SPS Commerce has a 1-year low of $57.67 and a 1-year high of $153.16.

SPS Commerce (NASDAQ:SPSC) last released its quarterly earnings data on Thursday, February 12th. The software maker reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.14. The business had revenue of $192.65 million during the quarter, compared to analysts’ expectations of $193.60 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The firm’s quarterly revenue was up 12.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.89 EPS. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. On average, equities analysts forecast that SPS Commerce will post 2.73 EPS for the current year.

Insider Activity

In other news, Director Marty M. Reaume sold 1,732 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total value of $159,794.32. Following the sale, the director directly owned 9,158 shares of the company’s stock, valued at approximately $844,917.08. This represents a 15.90% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.98% of the company’s stock.

Institutional Trading of SPS Commerce

A number of large investors have recently bought and sold shares of SPSC. New York State Teachers Retirement System grew its holdings in shares of SPS Commerce by 0.8% in the second quarter. New York State Teachers Retirement System now owns 12,828 shares of the software maker’s stock worth $1,746,000 after acquiring an additional 100 shares during the period. Advisors Asset Management Inc. boosted its position in SPS Commerce by 39.9% in the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock worth $52,000 after purchasing an additional 112 shares during the last quarter. Profund Advisors LLC increased its holdings in SPS Commerce by 6.4% during the second quarter. Profund Advisors LLC now owns 1,892 shares of the software maker’s stock valued at $257,000 after buying an additional 114 shares during the last quarter. Benjamin Edwards Inc. increased its position in SPS Commerce by 4.0% in the third quarter. Benjamin Edwards Inc. now owns 3,087 shares of the software maker’s stock worth $321,000 after buying an additional 120 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in shares of SPS Commerce by 0.6% in the fourth quarter. State of Alaska Department of Revenue now owns 20,986 shares of the software maker’s stock worth $1,870,000 after acquiring an additional 126 shares during the period. 98.96% of the stock is currently owned by institutional investors and hedge funds.

About SPS Commerce

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.