Analysts Set Sprout Social, Inc. (NASDAQ:SPT) Price Target at $25.82

Sprout Social, Inc. (NASDAQ:SPT) has been given an average recommendation of “Hold” by the thirteen ratings firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $25.8182.

A number of analysts have recently issued reports on SPT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research report on Wednesday, October 8th. Canaccord Genuity Group dropped their target price 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. Finally, Morgan Stanley cut their price target on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th.

Insiders Place Their Bets

In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $10.22, for a total transaction of $204,400.00. Following the sale, the insider owned 7,417 shares in the company, valued at $75,801.74. This trade represents a 72.95% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 10.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprout Social

Several institutional investors have recently modified their holdings of the company. State of Alaska Department of Revenue bought a new stake in Sprout Social in the 3rd quarter worth approximately $30,000. Quarry LP raised its stake in shares of Sprout Social by 85.2% during the first quarter. Quarry LP now owns 1,463 shares of the company’s stock worth $32,000 after acquiring an additional 673 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings 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 worth $32,000 after acquiring an additional 675 shares during the last quarter. Versant Capital Management Inc boosted its stake in shares of Sprout Social by 2,754.5% in the 3rd 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 in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in shares of Sprout Social in the 1st quarter valued at $47,000.

Sprout Social Trading Down 0.5%

Sprout Social stock opened at $11.04 on Friday. The stock has a market cap of $653.46 million, a P/E ratio of -13.63 and a beta of 0.79. Sprout Social has a fifty-two week low of $9.16 and a fifty-two week high of $36.30. The firm’s fifty day moving average price is $10.58 and its 200-day moving average price is $15.06. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.89 and a current ratio of 0.89.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $115.59 million during the quarter, compared to analyst estimates of $114.86 million. During the same quarter last year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was up 12.7% on a year-over-year basis. 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. Equities research analysts forecast that Sprout Social will post -0.99 earnings per share for the current fiscal 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.