SPS Commerce, Inc. (NASDAQ:SPSC) Receives $112.82 Consensus Target Price from Brokerages
Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned a consensus rating of “Buy” from the fifteen brokerages that are presently covering the firm, MarketBeat Ratings reports. Thirteen investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $112.82.
A number of analysts have commented on SPSC shares. BidaskClub upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Wednesday, May 8th. Zacks Investment Research upgraded shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $124.00 target price for the company in a research note on Wednesday, May 1st. ValuEngine cut shares of SPS Commerce from a “strong-buy” rating to a “buy” rating in a research note on Monday, April 1st. Needham & Company LLC restated a “buy” rating and set a $120.00 target price (up previously from $110.00) on shares of SPS Commerce in a research note on Friday, April 26th. Finally, raised their target price on shares of SPS Commerce from $95.00 to $112.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 13th.
In other SPS Commerce news, CFO Kimberly K. Nelson sold 20,000 shares of SPS Commerce stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $104.23, for a total value of $2,084,600.00. Following the completion of the sale, the chief financial officer now owns 70,987 shares in the company, valued at approximately $7,398,975.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Sven Wehrwein sold 2,644 shares of SPS Commerce stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $105.00, for a total transaction of $277,620.00. Following the completion of the sale, the director now owns 9,235 shares of the company’s stock, valued at approximately $969,675. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,289 shares of company stock valued at $3,263,288. 3.34% of the stock is currently owned by corporate insiders.
SPS Commerce stock traded down $0.88 during mid-day trading on Tuesday, reaching $107.17. The company’s stock had a trading volume of 149,157 shares, compared to its average volume of 156,145. The company has a market cap of $1.93 billion, a P/E ratio of 87.84, a price-to-earnings-growth ratio of 4.48 and a beta of 0.73. SPS Commerce has a 12 month low of $72.13 and a 12 month high of $115.00. The company has a current ratio of 4.82, a quick ratio of 4.82 and a debt-to-equity ratio of 0.05.
SPS Commerce (NASDAQ:SPSC) last released its earnings results on Thursday, April 25th. The software maker reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.30 by $0.30. The business had revenue of $66.93 million during the quarter, compared to the consensus estimate of $66.16 million. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, equities research analysts forecast that SPS Commerce will post 1.6 EPS for the current year.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.
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