Sprout Social, Inc. (NASDAQ:SPT) Stock Has Consensus Target Price of $10.88 According to Analysts

Sprout Social, Inc. (NASDAQ:SPT) has been assigned an average recommendation of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.88.

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Barclays increased their price target on Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a report on Tuesday, August 11th. KeyCorp boosted their target price on Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a report on Friday, August 7th. Morgan Stanley boosted their price target on shares of Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Finally, Zacks Research downgraded shares of Sprout Social from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Howard sold 40,000 shares of the firm’s stock in a transaction on Friday, October 9th. The stock was sold at an average price of $11.02, for a total value of $440,800.00. Following the completion of the sale, the insider directly owned 7,417 shares of the company’s stock, valued at $81,735.34. This trade represents a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 51,612 shares of company stock valued at $573,757. Insiders own 9.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Haveli Investment Management LLC acquired a new position in Sprout Social during the 2nd quarter valued at about $16,405,033. LB Partners LLC raised its holdings in Sprout Social by 144.7% during the first quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock worth $8,613,000 after purchasing an additional 893,502 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of Sprout Social by 252.2% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 626,762 shares of the company’s stock valued at $3,573,000 after buying an additional 448,783 shares during the period. Pale Fire Capital SE purchased a new position in Sprout Social in the 1st quarter valued at about $1,960,000. Finally, Renaissance Technologies LLC lifted its position in Sprout Social by 79.4% during the 1st quarter. Renaissance Technologies LLC now owns 727,762 shares of the company’s stock worth $4,148,000 after acquiring an additional 322,200 shares in the last quarter.

Sprout Social Price Performance

Shares of Sprout Social stock opened at $12.05 on Wednesday. Sprout Social has a 52-week low of $4.92 and a 52-week high of $13.35. The firm has a market cap of $730.11 million, a PE ratio of -24.10 and a beta of 0.95. The business’s 50 day simple moving average is $11.01 and its 200 day simple moving average is $8.26. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.03 and a current ratio of 1.03.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.10. Sprout Social had a negative return on equity of 8.80% and a negative net margin of 6.13%. The business had revenue of $123.85 million during 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. On average, analysts predict that Sprout Social will post -0.02 earnings per share for the current fiscal year.

About Sprout Social

Sprout Social, Inc is a software company that provides a cloud-based social media management platform for businesses and organizations. Its platform helps customers manage social media publishing, engagement, customer care, analytics, listening and employee advocacy from a centralized environment.

The company’s products are designed to help marketing, communications, sales and customer service teams plan and publish content, monitor conversations, respond to audiences, evaluate social media performance and gain insights from online activity.