SPS Commerce (SPSC) Getting Somewhat Positive News Coverage, Analysis Finds
Press coverage about SPS Commerce (NASDAQ:SPSC) has trended somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SPS Commerce earned a news sentiment score of 0.13 on Accern’s scale. Accern also assigned news headlines about the software maker an impact score of 45.4969017299249 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of SPS Commerce (NASDAQ:SPSC) traded up 0.10% during midday trading on Thursday, reaching $57.78. 28,035 shares of the company’s stock traded hands. The stock’s 50 day moving average price is $58.59 and its 200 day moving average price is $58.95. The firm has a market capitalization of $995.03 million, a P/E ratio of 109.22 and a beta of 1.13. SPS Commerce has a 52-week low of $48.11 and a 52-week high of $73.16.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Thursday, July 27th. The software maker reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.04. The business had revenue of $54.30 million for the quarter, compared to analysts’ expectations of $53.74 million. SPS Commerce had a return on equity of 4.70% and a net margin of 4.41%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. On average, equities research analysts anticipate that SPS Commerce will post $0.88 EPS for the current fiscal year.
A number of equities research analysts recently weighed in on SPSC shares. Zacks Investment Research cut shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Wednesday, July 5th. BidaskClub upgraded shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. CIBC started coverage on shares of SPS Commerce in a research note on Friday, July 21st. They set an “outperform” rating and a $74.00 price objective on the stock. Oppenheimer Holdings, Inc. set a $74.00 price objective on shares of SPS Commerce and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Northland Securities set a $84.00 price objective on shares of SPS Commerce and gave the company a “buy” rating in a research note on Thursday, July 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company’s stock. SPS Commerce currently has a consensus rating of “Hold” and a consensus target price of $73.00.
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SPS Commerce Company Profile
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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