SPS Commerce (NASDAQ:SPSC) Hits New 52-Week Low – Here’s Why

SPS Commerce, Inc. (NASDAQ:SPSC)’s share price reached a new 52-week low during trading on Wednesday . The company traded as low as $70.10 and last traded at $69.5010, with a volume of 107590 shares. The stock had previously closed at $74.83.

Analyst Upgrades and Downgrades

SPSC has been the subject of a number of recent analyst reports. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research report on Saturday, January 10th. Morgan Stanley set a $100.00 price target on shares of SPS Commerce and gave the stock an “equal weight” rating in a research report on Tuesday, November 11th. Northland Securities set a $109.00 price objective on SPS Commerce in a research note on Friday, October 31st. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 target price (down previously from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. Finally, DA Davidson reduced their price objective on shares of SPS Commerce from $125.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $99.22.

SPS Commerce Trading Down 9.5%

The stock has a market capitalization of $2.55 billion, a PE ratio of 30.43 and a beta of 0.56. The business’s 50 day moving average is $88.46 and its 200 day moving average is $97.94.

Insider Buying and Selling

In related news, Director Marty M. Reaume sold 1,732 shares of SPS Commerce stock in a transaction dated Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the completion of the sale, the director owned 9,158 shares in the company, valued at $844,917.08. This trade represents a 15.90% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.98% of the stock is owned by corporate insiders.

Institutional Trading of SPS Commerce

Institutional investors and hedge funds have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in shares of SPS Commerce by 39.9% during the first quarter. Advisors Asset Management Inc. now owns 393 shares of the software maker’s stock valued at $52,000 after buying an additional 112 shares during the period. AQR Capital Management LLC raised its stake in shares of SPS Commerce by 2.0% during the 1st quarter. AQR Capital Management LLC now owns 14,134 shares of the software maker’s stock worth $1,876,000 after acquiring an additional 275 shares in the last quarter. NewEdge Advisors LLC lifted its position in SPS Commerce by 545.7% during the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock valued at $30,000 after acquiring an additional 191 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in SPS Commerce by 12.8% in the second quarter. Janney Montgomery Scott LLC now owns 1,980 shares of the software maker’s stock valued at $269,000 after acquiring an additional 224 shares in the last quarter. Finally, KLP Kapitalforvaltning AS grew its holdings in SPS Commerce by 2.6% in the second quarter. KLP Kapitalforvaltning AS now owns 7,900 shares of the software maker’s stock worth $1,075,000 after purchasing an additional 200 shares during the last quarter. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.