SPS Commerce, Inc. (SPSC) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of SPS Commerce, Inc. (NASDAQ:SPSC) from a hold rating to a sell rating in a research note issued to investors on Friday.
Several other brokerages have also commented on SPSC. Oppenheimer Holdings, Inc. started coverage on shares of SPS Commerce in a research report on Thursday, July 20th. They issued an outperform rating and a $74.00 price objective on the stock. Needham & Company LLC lowered their price target on shares of SPS Commerce from $70.00 to $64.00 and set a buy rating on the stock in a research report on Friday, April 28th. Zacks Investment Research raised shares of SPS Commerce from a hold rating to a buy rating and set a $63.00 price target on the stock in a research report on Friday, May 5th. Northland Securities set a $84.00 price target on shares of SPS Commerce and gave the company a buy rating in a research report on Thursday, July 27th. Finally, CIBC assumed coverage on shares of SPS Commerce in a research report on Friday, July 21st. They issued an outperform rating and a $74.00 price target on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the stock. SPS Commerce presently has a consensus rating of Buy and a consensus price target of $75.30.
Shares of SPS Commerce (NASDAQ SPSC) opened at 57.80 on Friday. SPS Commerce has a one year low of $48.11 and a one year high of $74.85. The company has a market capitalization of $995.37 million, a PE ratio of 109.26 and a beta of 1.22. The stock has a 50 day moving average of $61.02 and a 200-day moving average of $59.76.
SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Thursday, July 27th. The software maker reported $0.23 EPS for the quarter, topping the consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million for the quarter, compared to analyst estimates of $53.74 million. SPS Commerce had a net margin of 4.41% and a return on equity of 4.70%. The company’s revenue for the quarter was up 14.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.15 earnings per share. On average, equities analysts forecast that SPS Commerce will post $0.86 earnings per share for the current fiscal year.
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A number of large investors have recently bought and sold shares of the stock. Simplex Trading LLC purchased a new stake in SPS Commerce during the first quarter worth approximately $110,000. State of Alaska Department of Revenue raised its position in shares of SPS Commerce by 3.3% in the first quarter. State of Alaska Department of Revenue now owns 1,900 shares of the software maker’s stock valued at $111,000 after buying an additional 60 shares during the period. Victory Capital Management Inc. raised its position in shares of SPS Commerce by 83.4% in the first quarter. Victory Capital Management Inc. now owns 2,003 shares of the software maker’s stock valued at $117,000 after buying an additional 911 shares during the period. Blueport Capital L.P. raised its position in shares of SPS Commerce by 28.3% in the first quarter. Blueport Capital L.P. now owns 2,382 shares of the software maker’s stock valued at $139,000 after buying an additional 525 shares during the period. Finally, BNP Paribas Arbitrage SA raised its position in shares of SPS Commerce by 13.2% in the first quarter. BNP Paribas Arbitrage SA now owns 3,255 shares of the software maker’s stock valued at $190,000 after buying an additional 379 shares during the period. Institutional investors own 97.92% of the company’s stock.
About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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