SPS Commerce (SPSC) to Release Quarterly Earnings on Monday

SPS Commerce (NASDAQ:SPSC) is anticipated to post its quarterly earnings results after the market closes on Monday, February 10th. Analysts expect SPS Commerce to post earnings of $0.87 per share and revenue of $169.29 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

SPS Commerce Price Performance

Shares of SPS Commerce stock opened at $184.68 on Monday. SPS Commerce has a 1-year low of $160.58 and a 1-year high of $218.74. The company’s fifty day simple moving average is $189.93 and its 200-day simple moving average is $191.02. The stock has a market capitalization of $6.94 billion, a PE ratio of 88.36 and a beta of 0.88.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on SPSC shares. Needham & Company LLC reissued a “buy” rating and issued a $230.00 price objective on shares of SPS Commerce in a research note on Wednesday, January 15th. Robert W. Baird upped their target price on shares of SPS Commerce from $186.00 to $188.00 and gave the stock a “neutral” rating in a research report on Monday, October 28th. Citigroup decreased their price target on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating on the stock in a research note on Monday, January 27th. Stifel Nicolaus cut their price objective on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a research report on Friday, January 3rd. Finally, Piper Sandler initiated coverage on SPS Commerce in a research note on Monday, November 25th. They set a “neutral” rating and a $198.00 price target for the company. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and an average target price of $219.22.

Insider Activity at SPS Commerce

In related news, CEO Chadwick Collins sold 6,839 shares of the stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total value of $1,160,509.91. Following the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at $9,238,941.74. This represents a 11.16 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Dan Juckniess sold 5,831 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the transaction, the executive vice president now owns 23,833 shares of the company’s stock, valued at $4,773,988.23. This trade represents a 19.66 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by insiders.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.