Sprout Social (SPT) Scheduled to Post Quarterly Earnings on Thursday

Sprout Social (NASDAQ:SPT) will be announcing its earnings results after the market closes on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.01 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.30) by ($0.02). The company had revenue of $93.58 million during the quarter, compared to the consensus estimate of $90.76 million. Sprout Social had a negative net margin of 19.91% and a negative return on equity of 41.25%. On average, analysts expect Sprout Social to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sprout Social Trading Down 3.0 %

NASDAQ SPT opened at $50.45 on Wednesday. The stock has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $56.96. The company has a market capitalization of $2.84 billion, a PE ratio of -42.04 and a beta of 1.05. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.38. Sprout Social has a 12 month low of $37.00 and a 12 month high of $68.41.

Insider Activity

In other news, Director Aaron Edward Frederick Rankin sold 44,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $59.60, for a total transaction of $2,622,400.00. Following the transaction, the director now owns 40,888 shares in the company, valued at $2,436,924.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, President Ryan Paul Barretto sold 5,600 shares of Sprout Social stock in a transaction on Monday, February 5th. The stock was sold at an average price of $59.63, for a total value of $333,928.00. Following the transaction, the president now owns 209,375 shares in the company, valued at approximately $12,485,031.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Aaron Edward Frederick Rankin sold 44,000 shares of Sprout Social stock in a transaction on Monday, February 5th. The shares were sold at an average price of $59.60, for a total value of $2,622,400.00. Following the completion of the transaction, the director now owns 40,888 shares in the company, valued at approximately $2,436,924.80. The disclosure for this sale can be found here. Insiders sold a total of 140,200 shares of company stock valued at $8,171,958 over the last three months. Insiders own 10.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on SPT shares. Cantor Fitzgerald reiterated an “overweight” rating and issued a $74.00 price objective on shares of Sprout Social in a report on Wednesday, February 21st. Needham & Company LLC restated a “buy” rating and issued a $75.00 price target on shares of Sprout Social in a report on Monday, April 22nd. KeyCorp initiated coverage on Sprout Social in a report on Thursday, March 21st. They issued an “overweight” rating and a $83.00 price target for the company. The Goldman Sachs Group increased their price target on Sprout Social from $65.00 to $81.00 and gave the stock a “buy” rating in a report on Tuesday, January 23rd. Finally, Piper Sandler increased their price target on Sprout Social from $62.00 to $66.00 and gave the stock an “overweight” rating in a report on Wednesday, February 21st. One analyst has rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Sprout Social currently has an average rating of “Moderate Buy” and a consensus price target of $72.57.

Sprout Social Company Profile

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.