Sprout Social (NASDAQ:SPT) Shares Climb 7% – What’s Next?

Sprout Social, Inc. (NASDAQ:SPT)’s share price rose 7% during mid-day trading on Thursday. The company traded as high as $10.38 and last traded at $10.4540. Approximately 331,410 shares were traded during trading, a decline of 77% from the average daily volume of 1,455,118 shares. The stock had previously closed at $9.77.

Wall Street Analyst Weigh In

SPT has been the topic of a number of research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. KeyCorp upped their target price on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Morgan Stanley increased 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. Barclays upped their price target on Sprout Social from $9.00 to $12.00 and gave the company an “overweight” rating in a research report on Tuesday, August 11th. Finally, Zacks Research upgraded shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Sprout Social currently has an average rating of “Hold” and a consensus price target of $10.43.

Sprout Social Stock Up 6.9%

The company has a 50-day moving average of $9.98 and a two-hundred day moving average of $7.85. The company has a market capitalization of $632.86 million, a P/E ratio of -20.97 and a beta of 0.95. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 0.14.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.10. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. The firm 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, research analysts predict that Sprout Social, Inc. will post -0.02 EPS for the current year.

Insider Activity

In related news, insider Justyn Howard sold 40,000 shares of Sprout Social stock in a transaction that occurred 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 in the company, valued at approximately $61,412.76. This trade represents a 84.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 51,612 shares of company stock worth $464,157 in the last 90 days. Corporate insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC increased its position in Sprout Social by 10.7% during the first quarter. SG Americas Securities LLC now owns 34,463 shares of the company’s stock worth $196,000 after purchasing an additional 3,319 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Sprout Social by 115.8% during the second quarter. GAMMA Investing LLC now owns 6,368 shares of the company’s stock valued at $48,000 after purchasing an additional 3,417 shares in the last quarter. WINTON GROUP Ltd grew its position in Sprout Social by 15.4% in the second quarter. WINTON GROUP Ltd now owns 27,000 shares of the company’s stock worth $204,000 after buying an additional 3,600 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Sprout Social by 27.2% in the first quarter. PNC Financial Services Group Inc. now owns 20,889 shares of the company’s stock worth $119,000 after purchasing an additional 4,467 shares in the last quarter. Finally, Essential Partners LLC lifted its stake in Sprout Social by 724.9% in the first quarter. Essential Partners LLC now owns 6,550 shares of the company’s stock valued at $37,000 after acquiring an additional 5,756 shares during the last quarter.

Sprout Social Company Profile

Sprout Social, Inc (NASDAQ:SPT) is a software company that provides social media management and analytics tools for businesses, agencies and other organizations. Its cloud-based platform helps users manage social media activities from a centralized interface, supporting functions such as content publishing, audience engagement, workflow coordination and performance reporting.

The company’s product offerings include social media monitoring and listening, analytics, customer care, employee advocacy and influencer marketing capabilities.