Morgan Stanley Issues Pessimistic Forecast for Sprout Social (NASDAQ:SPT) Stock Price

Sprout Social (NASDAQ:SPT) had its price target reduced by Morgan Stanley from $17.00 to $14.00 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 39.30% from the company’s current price.

Other equities analysts have also issued reports about the stock. Canaccord Genuity Group dropped their price target on shares of Sprout Social from $25.00 to $16.00 and set a “buy” rating for the company in a research report on Friday, November 7th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research note on Wednesday, October 8th. Zacks Research lowered Sprout Social from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 13th. The Goldman Sachs Group decreased their price target on Sprout Social from $24.00 to $21.00 and set a “neutral” rating on the stock in a report on Thursday, August 7th. Finally, Oppenheimer dropped their price objective on Sprout Social from $32.00 to $23.00 and set an “outperform” rating for the company in a research note on Thursday, August 7th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Sprout Social presently has a consensus rating of “Hold” and a consensus target price of $25.82.

Sprout Social Price Performance

NASDAQ SPT opened at $10.05 on Thursday. The business’s fifty day moving average is $12.07 and its 200 day moving average is $16.77. Sprout Social has a fifty-two week low of $9.46 and a fifty-two week high of $36.30. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89. The company has a market capitalization of $594.86 million, a PE ratio of -12.41 and a beta of 0.88.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. Sprout Social had a negative return on equity of 18.93% and a negative net margin of 10.59%.The firm had revenue of $115.59 million for the quarter, compared to the consensus estimate of $114.86 million. During the same quarter last year, the company earned $0.13 earnings per share. The business’s revenue for the quarter 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. Q4 2025 guidance at 0.150-0.170 EPS. Sell-side analysts predict that Sprout Social will post -0.99 earnings per share for the current year.

Insider Activity

In related news, insider Justyn Russell Howard sold 20,000 shares of the business’s 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 directly owned 7,417 shares in the company, valued at approximately $75,801.74. The trade was a 72.95% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold 70,566 shares of company stock valued at $899,581 over the last quarter. Insiders own 10.12% of the company’s stock.

Institutional Trading of Sprout Social

A number of large investors have recently added to or reduced their stakes in SPT. State of Alaska Department of Revenue bought a new position in shares of Sprout Social during the 3rd quarter valued at approximately $30,000. Quarry LP raised its stake in Sprout Social by 85.2% during the first quarter. Quarry LP now owns 1,463 shares of the company’s stock valued at $32,000 after purchasing an additional 673 shares in the last quarter. First Horizon Advisors Inc. lifted its position in Sprout Social by 78.9% during the second quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock valued at $32,000 after purchasing an additional 675 shares during the last quarter. Versant Capital Management Inc lifted its position in Sprout Social by 2,754.5% during the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock valued at $45,000 after purchasing an additional 3,388 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new position in shares of Sprout Social in the 1st quarter worth $47,000.

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.