Morgan Stanley Issues Positive Forecast for Sprout Social (NASDAQ:SPT) Stock Price

Sprout Social (NASDAQ:SPT) had its target price increased by research analysts at Morgan Stanley from $10.00 to $11.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 13.98% from the stock’s previous close.

A number of other research analysts have also recently commented on SPT. KeyCorp increased their price target on Sprout Social from $6.00 to $7.00 and gave the company an “underweight” rating in a research note on Friday, August 7th. Zacks Research upgraded Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday. Barclays upped their target price on Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $10.43.

Sprout Social Price Performance

Shares of SPT stock traded up $0.10 on Thursday, reaching $9.65. The company had a trading volume of 190,729 shares, compared to its average volume of 1,503,854. The stock has a market capitalization of $580.12 million, a PE ratio of -19.25 and a beta of 0.97. The company has a quick ratio of 0.95, a current ratio of 0.95 and a debt-to-equity ratio of 0.15. Sprout Social has a one year low of $4.92 and a one year high of $16.03. The business’s 50-day moving average is $7.95 and its 200 day moving average is $7.10.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.10. The company had revenue of $123.85 million for the quarter, compared to analyst estimates of $122.19 million. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 9.06%. 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. Equities research analysts forecast that Sprout Social will post -0.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Justyn Russell Howard sold 40,000 shares of the firm’s stock in a transaction on Friday, July 10th. The stock was sold at an average price of $8.28, for a total transaction of $331,200.00. Following the completion of the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $61,412.76. This trade represents a 84.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Sprout Social

A number of institutional investors have recently made changes to their positions in the stock. Summit Securities Group LLC lifted its stake in shares of Sprout Social by 399.0% in the fourth quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock worth $28,000 after acquiring an additional 2,015 shares during the period. Quadrant Capital Group LLC acquired a new stake in Sprout Social during the 4th quarter valued at approximately $28,000. Essential Partners LLC raised its holdings in Sprout Social by 724.9% during the 1st quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock worth $37,000 after purchasing an additional 5,756 shares during the last quarter. GAMMA Investing LLC raised its holdings in Sprout Social by 115.8% during the 2nd quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock worth $48,000 after purchasing an additional 3,417 shares during the last quarter. Finally, Quarry LP lifted its position in shares of Sprout Social by 264.2% in the 3rd 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 period.

Sprout Social Company Profile

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.