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

Sprout Social, Inc. (NASDAQ:SPT) has been assigned a consensus recommendation of “Hold” from the thirteen brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $24.6364.

SPT has been the topic of several analyst reports. Barclays cut their price target on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating on the stock in a report on Monday, January 12th. Morgan Stanley dropped their target price on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research report on Thursday. Finally, Canaccord Genuity Group lowered their price target on Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a report on Friday, November 7th.

Sprout Social Stock Performance

Shares of Sprout Social stock opened at $9.80 on Monday. The company has a market capitalization of $580.06 million, a PE ratio of -12.10 and a beta of 0.81. The company has a 50-day simple moving average of $10.44 and a two-hundred day simple moving average of $12.81. Sprout Social has a one year low of $9.16 and a one year high of $35.18. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.07. The business 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%. The company’s revenue was up 12.7% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. 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. Research analysts expect that Sprout Social will post -0.99 EPS for the current fiscal year.

Insider Activity at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, January 9th. The shares were sold at an average price of $10.70, for a total transaction of $428,000.00. Following the completion of the sale, the insider directly owned 7,417 shares in the company, valued at approximately $79,361.90. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Aaron Edward Frederick Rankin acquired 90,661 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were bought at an average cost of $11.14 per share, for a total transaction of $1,009,963.54. Following the completion of the acquisition, the director directly owned 114,969 shares of the company’s stock, valued at approximately $1,280,754.66. The trade was a 372.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 10.12% of the stock is currently owned by insiders.

Institutional Trading of Sprout Social

Several large investors have recently added to or reduced their stakes in SPT. First Horizon Advisors Inc. increased its holdings in shares of Sprout Social by 78.9% in the second quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after purchasing an additional 675 shares during the period. Diversified Trust Co boosted its position in Sprout Social by 6.1% in the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock valued at $232,000 after buying an additional 1,040 shares during the last quarter. Rhumbline Advisers boosted its position in Sprout Social by 1.6% in the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock valued at $1,636,000 after buying an additional 1,264 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Sprout Social by 2.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after buying an additional 1,265 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Sprout Social by 55.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after buying an additional 1,962 shares during the last quarter.

Sprout Social Company Profile

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.