DA Davidson Lowers SPS Commerce (NASDAQ:SPSC) Price Target to $80.00

SPS Commerce (NASDAQ:SPSC) had its target price lowered by stock analysts at DA Davidson from $125.00 to $80.00 in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “neutral” rating on the software maker’s stock. DA Davidson’s price target points to a potential downside of 2.72% from the company’s current price.

Several other equities analysts have also recently issued reports on SPSC. Stifel Nicolaus reaffirmed a “hold” rating and issued a $80.00 price objective (down from $150.00) on shares of SPS Commerce in a research report on Friday. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. Morgan Stanley restated an “overweight” rating and set a $140.00 price objective (down previously from $170.00) on shares of SPS Commerce in a research report on Tuesday, October 14th. Loop Capital downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating and lowered their price target for the company from $175.00 to $120.00 in a report on Thursday, July 31st. Finally, Northland Securities set a $125.00 price objective on shares of SPS Commerce in a research note on Tuesday, September 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $110.80.

SPS Commerce Stock Performance

SPS Commerce stock opened at $82.24 on Friday. The stock’s 50 day simple moving average is $107.99 and its two-hundred day simple moving average is $125.17. SPS Commerce has a fifty-two week low of $73.05 and a fifty-two week high of $201.06. The stock has a market cap of $3.12 billion, a price-to-earnings ratio of 37.72 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, October 30th. The software maker reported $1.13 EPS for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $189.90 million for the quarter, compared to analysts’ expectations of $192.68 million. During the same period in the previous year, the firm posted $0.92 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. On average, analysts predict that SPS Commerce will post 2.73 earnings per share for the current year.

Institutional Investors Weigh In On SPS Commerce

Several institutional investors and hedge funds have recently made changes to their positions in the stock. LBP AM SA lifted its stake in shares of SPS Commerce by 8.5% during the third quarter. LBP AM SA now owns 8,858 shares of the software maker’s stock worth $922,000 after buying an additional 696 shares during the period. Whittier Trust Co. raised its position in shares of SPS Commerce by 1.8% in the third quarter. Whittier Trust Co. now owns 26,150 shares of the software maker’s stock worth $2,770,000 after acquiring an additional 452 shares during the period. Y Intercept Hong Kong Ltd increased its stake in shares of SPS Commerce by 136.7% during the third quarter. Y Intercept Hong Kong Ltd now owns 47,424 shares of the software maker’s stock worth $4,939,000 after purchasing an additional 27,390 shares in the last quarter. Palisades Investment Partners LLC increased its stake in shares of SPS Commerce by 0.5% during the third quarter. Palisades Investment Partners LLC now owns 49,137 shares of the software maker’s stock worth $5,117,000 after purchasing an additional 224 shares in the last quarter. Finally, Covestor Ltd increased its stake in shares of SPS Commerce by 32.9% during the third quarter. Covestor Ltd now owns 1,175 shares of the software maker’s stock worth $123,000 after purchasing an additional 291 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors and hedge funds.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.