Analysts Set Sprout Social, Inc. (NASDAQ:SPT) Price Target at $24.64

Shares of Sprout Social, Inc. (NASDAQ:SPT) have earned a consensus rating of “Hold” from the thirteen research firms that are presently covering the company, MarketBeat Ratings reports. One equities 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 12-month price objective among brokers that have covered the stock in the last year is $24.6364.

Several research analysts recently commented on the stock. Barclays reduced their price objective on shares of Sprout Social from $26.00 to $13.00 and set an “overweight” rating for the company in a research note on Monday, January 12th. Morgan Stanley reduced their price target 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. Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a report on Thursday, January 22nd. Finally, Canaccord Genuity Group dropped their target price on Sprout Social from $25.00 to $16.00 and set a “buy” rating on the stock in a research note on Friday, November 7th.

Sprout Social Stock Down 1.6%

Shares of NASDAQ SPT opened at $9.31 on Monday. Sprout Social has a 12-month low of $9.16 and a 12-month high of $34.38. The stock’s fifty day simple moving average is $10.45 and its two-hundred day simple moving average is $12.65. The stock has a market capitalization of $551.06 million, a PE ratio of -11.49 and a beta of 0.81. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Wednesday, November 5th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $114.86 million. During the same period in the prior year, the business posted $0.13 EPS. 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. As a group, analysts expect that Sprout Social will post -0.99 EPS for the current fiscal year.

Insider Transactions at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $10.70, for a total transaction of $428,000.00. Following the transaction, the insider owned 7,417 shares in the company, valued at $79,361.90. This represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Ryan Paul Barretto bought 93,984 shares of the stock in a transaction that occurred on Friday, January 9th. The stock was bought at an average price of $10.67 per share, with a total value of $1,002,809.28. Following the completion of the purchase, the chief executive officer directly owned 875,256 shares in the company, valued at $9,338,981.52. This represents a 12.03% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 10.12% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

A number of large investors have recently made changes to their positions in the stock. Nordea Investment Management AB acquired a new position in Sprout Social during the third quarter valued at $1,702,000. Y Intercept Hong Kong Ltd grew its position in Sprout Social by 121.5% during the 3rd quarter. Y Intercept Hong Kong Ltd now owns 446,403 shares of the company’s stock worth $5,768,000 after purchasing an additional 244,874 shares during the period. LB Partners LLC purchased a new position in shares of Sprout Social during the 3rd quarter valued at about $2,455,000. Fox Run Management L.L.C. acquired a new position in shares of Sprout Social in the 2nd quarter valued at about $880,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Sprout Social by 20.4% in the 2nd quarter. Segall Bryant & Hamill LLC now owns 237,415 shares of the company’s stock valued at $4,964,000 after buying an additional 40,223 shares during the period.

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.