Sprout Social (NASDAQ:SPT) Trading Down 6.8% – Time to Sell?

by · The Cerbat Gem

Sprout Social, Inc. (NASDAQ:SPTGet Free Report)’s share price fell 6.8% during trading on Friday . The stock traded as low as $10.50 and last traded at $10.5050. 180,194 shares traded hands during trading, a decline of 81% from the average session volume of 937,825 shares. The stock had previously closed at $11.27.

Analyst Ratings Changes

Several research analysts have recently issued reports on SPT shares. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Wednesday, October 8th. Canaccord Genuity Group reduced their target price on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Morgan Stanley decreased their target price 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. Six research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $25.82.

Read Our Latest Analysis on Sprout Social

Sprout Social Trading Down 7.3%

The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $618.24 million, a P/E ratio of -12.91 and a beta of 0.80. The business has a 50 day moving average of $10.56 and a 200-day moving average of $14.09.

Sprout Social (NASDAQ:SPTGet Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. The company had revenue of $115.59 million during the quarter, compared to analysts’ expectations of $114.86 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The business’s quarterly revenue was up 12.7% compared to the same quarter last year. 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. Analysts anticipate that Sprout Social, Inc. will post -0.99 EPS for the current fiscal year.

Insider Transactions at Sprout Social

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of Sprout Social stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $10.22, for a total value of $204,400.00. Following the sale, the insider owned 7,417 shares of the company’s stock, valued at $75,801.74. This trade represents a 72.95% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Aaron Edward Frederick Rankin purchased 90,661 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was purchased at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the completion of the acquisition, the director owned 114,969 shares of the company’s stock, valued at approximately $1,280,754.66. This represents a 372.97% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 10.12% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Sprout Social

Several large investors have recently made changes to their positions in the stock. Quarry LP grew its stake in shares of Sprout Social by 85.2% in the first quarter. Quarry LP now owns 1,463 shares of the company’s stock valued at $32,000 after buying an additional 673 shares in the last quarter. First Horizon Advisors Inc. grew its position in shares of Sprout Social by 78.9% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after acquiring an additional 675 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Sprout Social in the 3rd quarter valued at about $30,000. Versant Capital Management Inc increased its stake in shares of Sprout Social by 2,754.5% during the 3rd quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock worth $45,000 after purchasing an additional 3,388 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Sprout Social by 266.3% in the 2nd quarter. CWM LLC now owns 3,934 shares of the company’s stock valued at $82,000 after purchasing an additional 2,860 shares during the period.

About Sprout Social

(Get Free Report)

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.

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