Sprout Social (NASDAQ:SPT) Price Target Raised to $11.00 at Morgan Stanley

Sprout Social (NASDAQ:SPT) had its target price raised by equities research analysts at Morgan Stanley from $10.00 to $11.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential upside of 13.98% from the stock’s current price.

SPT has been the topic of several other reports. Zacks Research raised Sprout Social from a “hold” rating to a “strong-buy” rating in a research note on Monday. Barclays boosted their target price on shares of Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday. KeyCorp increased their target price on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a report on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sprout Social currently has a consensus rating of “Hold” and a consensus target price of $10.43.

Sprout Social Trading Up 1.1%

Shares of SPT stock traded up $0.10 during mid-day trading on Thursday, hitting $9.65. The company’s stock had a trading volume of 190,729 shares, compared to its average volume of 1,503,854. The company’s fifty day simple moving average is $7.95 and its 200-day simple moving average is $7.10. Sprout Social has a 52 week low of $4.92 and a 52 week high of $16.03. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market cap of $580.12 million, a PE ratio of -19.25 and a beta of 0.97.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. Sprout Social had a negative return on equity of 9.06% and a negative net margin of 6.13%.The company had revenue of $123.85 million for the quarter, compared to analyst estimates of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. As a group, equities research analysts expect that Sprout Social will post -0.27 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, July 10th. The shares were sold at an average price of $8.28, for a total value of $331,200.00. Following the completion of the sale, the insider owned 7,417 shares of the company’s stock, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC acquired a new stake in shares of Sprout Social in the 4th quarter worth about $28,000. Summit Securities Group LLC boosted its stake in Sprout Social by 399.0% during the 4th quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock valued at $28,000 after purchasing an additional 2,015 shares during the last quarter. Quarry LP raised its stake in shares of Sprout Social by 264.2% in the third quarter. Quarry LP now owns 3,784 shares of the company’s stock worth $49,000 after purchasing an additional 2,745 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Sprout Social in the fourth quarter valued at approximately $54,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Sprout Social by 55.5% in the second quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock valued at $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.