Sprout Social, Inc. (NASDAQ:SPT) Given Consensus Rating of “Hold” by Brokerages

Shares of Sprout Social, Inc. (NASDAQ:SPT) have received a consensus rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.85.

Several brokerages have recently issued reports on SPT. Stifel Nicolaus lowered their price target on Sprout Social from $45.00 to $34.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th. Needham & Company LLC lowered their target price on Sprout Social from $55.00 to $32.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th. Scotiabank cut their price target on shares of Sprout Social from $28.00 to $25.00 and set a “sector perform” rating for the company in a report on Thursday, February 27th. Canaccord Genuity Group lowered their price objective on shares of Sprout Social from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th. Finally, Piper Sandler cut their target price on shares of Sprout Social from $29.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, February 26th.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $30.26, for a total value of $151,300.00. Following the transaction, the director now owns 30,665 shares in the company, valued at approximately $927,922.90. This represents a 14.02 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Wednesday, January 15th. The shares were sold at an average price of $31.67, for a total transaction of $1,266,800.00. Following the sale, the insider now directly owns 27,136 shares of the company’s stock, valued at $859,397.12. This trade represents a 59.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 108,646 shares of company stock valued at $3,302,919 in the last three months. 10.97% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Sprout Social by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 5,886,167 shares of the company’s stock worth $180,764,000 after purchasing an additional 141,141 shares during the last quarter. Cadian Capital Management LP boosted its holdings in Sprout Social by 6.1% in the fourth quarter. Cadian Capital Management LP now owns 4,548,323 shares of the company’s stock worth $139,679,000 after purchasing an additional 263,267 shares in the last quarter. Wellington Management Group LLP increased its position in Sprout Social by 16.0% during the third quarter. Wellington Management Group LLP now owns 3,762,443 shares of the company’s stock worth $109,374,000 after buying an additional 519,406 shares during the last quarter. Dorsey Asset Management LLC raised its holdings in Sprout Social by 16.7% during the fourth quarter. Dorsey Asset Management LLC now owns 2,306,149 shares of the company’s stock valued at $70,822,000 after buying an additional 330,155 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in shares of Sprout Social by 0.3% in the fourth quarter. Jennison Associates LLC now owns 2,171,567 shares of the company’s stock worth $66,689,000 after buying an additional 7,311 shares during the last quarter.

Sprout Social Price Performance

Shares of NASDAQ SPT opened at $20.22 on Tuesday. The stock has a market cap of $1.17 billion, a P/E ratio of -16.85 and a beta of 1.11. The firm’s 50-day simple moving average is $27.62 and its 200 day simple moving average is $29.39. Sprout Social has a fifty-two week low of $19.21 and a fifty-two week high of $59.04. The company has a quick ratio of 0.96, a current ratio of 0.96 and a debt-to-equity ratio of 0.19.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Tuesday, February 25th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.35). The company had revenue of $107.09 million for the quarter, compared to the consensus estimate of $106.74 million. Sprout Social had a negative return on equity of 40.94% and a negative net margin of 17.24%. Equities analysts expect that Sprout Social will post -0.99 EPS for the current year.

About Sprout Social

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.