Sprout Social, Inc. (NASDAQ:SPT) Stock Has Average Target Price of $10.43

by · The Markets Daily

Sprout Social, Inc. (NASDAQ:SPT – Get Free Report) has earned an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $10.43.

Several equities analysts recently commented on SPT shares. Zacks Research raised shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a report on Monday, August 10th. KeyCorp boosted their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Friday, July 17th. Barclays raised their price objective on Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research note on Tuesday, August 11th. Finally, Morgan Stanley lifted their price objective on Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a report on Thursday, August 13th.

View Our Latest Stock Report on Sprout Social

Sprout Social Stock Up 1.0%

Shares of SPT opened at $10.19 on Friday. Sprout Social has a 1 year low of $4.92 and a 1 year high of $12.61. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a 50 day simple moving average of $10.12 and a two-hundred day simple moving average of $7.94. The firm has a market cap of $617.41 million, a P/E ratio of -20.38 and a beta of 1.01.

Sprout Social (NASDAQ:SPT – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.16 by $0.10. The firm had revenue of $123.85 million for the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. On average, analysts forecast that Sprout Social will post -0.02 earnings per share for the current fiscal year.

Insider Transactions at Sprout Social

In other Sprout Social news, insider Justyn Howard sold 40,000 shares of Sprout Social stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $8.28, for a total value of $331,200.00. Following the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $61,412.76. The trade was a 84.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 51,612 shares of company stock worth $464,157. 9.60% of the stock is owned by company insiders.

Institutional Trading of Sprout Social

Several hedge funds and other institutional investors have recently bought and sold shares of SPT. Essential Partners LLC grew its holdings in shares of Sprout Social by 724.9% in the first quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock worth $37,000 after purchasing an additional 5,756 shares during the last quarter. GAMMA Investing LLC grew its holdings in Sprout Social by 115.8% in the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after acquiring an additional 3,417 shares during the last quarter. Commonwealth Financial Services LLC bought a new stake in Sprout Social in the 1st quarter worth $58,000. Integrated Wealth Concepts LLC purchased a new position in shares of Sprout Social in the second quarter valued at about $84,000. Finally, Versant Capital Management Inc increased its position in shares of Sprout Social by 4,977.4% in the second quarter. Versant Capital Management Inc now owns 11,932 shares of the company’s stock valued at $90,000 after acquiring an additional 11,697 shares during the period.

About Sprout Social

(Get Free Report)

Sprout Social, Inc (NASDAQ:SPT) provides a cloud-based social media management and analytics platform for businesses, agencies and organizations. Its software helps customers manage their social media presence, coordinate workflows and use social data to support marketing, customer care, communications and business decision-making.

The company’s platform includes tools for publishing and scheduling content, monitoring and responding to messages, analyzing social media performance, and conducting social listening.

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