Sprout Social (NASDAQ:SPT) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Sprout Social (NASDAQ:SPT) from a buy rating to a strong-buy rating in a research report sent to investors on Saturday morning.

SPT has been the subject of several other reports. Morgan Stanley upped their price target on shares of Sprout Social from $10.00 to $11.00 and gave the company an “equal weight” rating in a research report on Thursday, August 13th. KeyCorp lifted their price objective on Sprout Social from $6.00 to $7.00 and gave the stock 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 report on Monday, August 10th. Barclays boosted their price target on shares of Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Sprout Social in a research 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 assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Sprout Social presently has a consensus rating of “Hold” and a consensus price target of $10.43.

Sprout Social Stock Performance

NASDAQ:SPT opened at $9.55 on Friday. The firm has a market capitalization of $578.63 million, a PE ratio of -19.10 and a beta of 0.97. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $8.11 and its 200 day simple moving average is $7.10. Sprout Social has a twelve month low of $4.92 and a twelve month high of $16.03.

Sprout Social (NASDAQ:SPT) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.16 by $0.10. The business had revenue of $123.85 million during the quarter, compared to the consensus estimate of $122.19 million. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. 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. On average, analysts anticipate that Sprout Social will post -0.25 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in SPT. Quadrant Capital Group LLC purchased a new position in shares of Sprout Social in the fourth quarter valued at $28,000. Summit Securities Group LLC lifted its holdings in Sprout Social by 399.0% during the 4th quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock worth $28,000 after purchasing an additional 2,015 shares in the last quarter. Quarry LP boosted its stake in 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. Kestra Advisory Services LLC bought a new position in Sprout Social in the 4th quarter worth about $54,000. Finally, Tower Research Capital LLC TRC boosted its position 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 acquiring an additional 1,962 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.