Sprout Social (NASDAQ:SPT) Price Target Lowered to $12.00 at Jefferies Financial Group

Sprout Social (NASDAQ:SPT) had its price target reduced by stock analysts at Jefferies Financial Group from $15.00 to $12.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective suggests a potential upside of 38.25% from the stock’s current price.

SPT has been the subject of a number of other reports. Barclays decreased their price objective on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a report on Monday, January 12th. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a report on Thursday, January 22nd. Canaccord Genuity Group lowered their price target on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a report on Friday, November 7th. Finally, Morgan Stanley dropped their price objective on Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research report on Thursday, November 13th. Six analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sprout Social currently has a consensus rating of “Hold” and an average target price of $21.91.

Sprout Social Stock Down 4.1%

SPT stock opened at $8.68 on Tuesday. Sprout Social has a twelve month low of $8.55 and a twelve month high of $34.38. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.23. The business has a 50 day moving average of $10.39 and a 200 day moving average of $12.40. The firm has a market cap of $513.76 million, a PE ratio of -10.72 and a beta of 0.81.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Wednesday, November 5th. The company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.07. The company had revenue of $115.59 million for the quarter, compared to analysts’ expectations of $114.86 million. Sprout Social had a negative net margin of 10.59% and a negative return on equity of 18.93%. Sprout Social’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.13 EPS. 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. On average, research analysts forecast that Sprout Social will post -0.99 EPS for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, CEO Ryan Paul Barretto purchased 93,984 shares of the firm’s stock in a transaction on Friday, January 9th. The shares were acquired at an average cost of $10.67 per share, for a total transaction of $1,002,809.28. Following the completion of the transaction, the chief executive officer owned 875,256 shares of the company’s stock, valued at approximately $9,338,981.52. The trade was a 12.03% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Aaron Edward Frederick Rankin purchased 90,661 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were acquired at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the purchase, the director directly owned 114,969 shares in the company, valued at approximately $1,280,754.66. The trade was a 372.97% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 10.12% of the company’s stock.

Institutional Trading of Sprout Social

Several institutional investors and hedge funds have recently modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in 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 buying an additional 675 shares during the period. Diversified Trust Co lifted its position in shares of Sprout Social by 6.1% in the third quarter. Diversified Trust Co now owns 17,982 shares of the company’s stock valued at $232,000 after acquiring an additional 1,040 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Sprout Social by 1.6% in the second quarter. Rhumbline Advisers now owns 78,240 shares of the company’s stock worth $1,636,000 after acquiring an additional 1,264 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Sprout Social by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after acquiring an additional 1,265 shares during the period. Finally, Tower Research Capital LLC TRC grew its position in shares of Sprout Social by 55.5% during the second quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after purchasing an additional 1,962 shares in the last quarter.

About Sprout Social

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.