The Goldman Sachs Group Has Lowered Expectations for Sprout Social (NASDAQ:SPT) Stock Price

Sprout Social (NASDAQ:SPT) had its price target lowered by The Goldman Sachs Group from $13.00 to $8.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price objective would indicate a potential upside of 22.79% from the company’s previous close.

A number of other equities analysts have also issued reports on the company. KeyCorp cut their target price on Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday. Jefferies Financial Group decreased their price objective on shares of Sprout Social from $15.00 to $12.00 and set a “buy” rating for the company in a report on Tuesday, February 3rd. Morgan Stanley cut their target price on shares of Sprout Social from $17.00 to $14.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 13th. Wall Street Zen downgraded Sprout Social from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Needham & Company LLC reduced their target price on Sprout Social from $32.00 to $14.00 and set a “buy” rating on the stock in a report on Friday. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $13.67.

Sprout Social Stock Up 1.0%

NASDAQ:SPT traded up $0.07 during mid-day trading on Monday, hitting $6.52. The company had a trading volume of 611,238 shares, compared to its average volume of 1,579,888. Sprout Social has a 1 year low of $6.03 and a 1 year high of $27.81. The business has a fifty day simple moving average of $9.12 and a 200-day simple moving average of $11.09. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $385.62 million, a price-to-earnings ratio of -8.82 and a beta of 0.94.

Sprout Social (NASDAQ:SPT) last announced its earnings results on Thursday, February 26th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.04. The business had revenue of $120.89 million during the quarter, compared to the consensus estimate of $118.68 million. Sprout Social had a negative net margin of 9.47% and a negative return on equity of 16.51%. Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. Equities analysts forecast that Sprout Social will post -0.99 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, Director Aaron Edward Frederick Rankin acquired 90,661 shares of the business’s stock in a transaction that occurred on Wednesday, December 17th. The shares were purchased at an average price of $11.14 per share, for a total transaction of $1,009,963.54. Following the acquisition, the director owned 114,969 shares of the company’s stock, valued at $1,280,754.66. This represents a 372.97% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justyn Russell Howard sold 40,000 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $10.70, for a total transaction of $428,000.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at approximately $79,361.90. The trade was a 84.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 10.12% of the stock is owned by insiders.

Hedge Funds Weigh In On Sprout Social

Several large investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. grew its holdings in Sprout Social by 78.9% during the second quarter. First Horizon Advisors Inc. now owns 1,531 shares of the company’s stock worth $32,000 after acquiring an additional 675 shares during the period. State of Alaska Department of Revenue purchased a new stake in shares of Sprout Social during the 3rd quarter worth $30,000. Quadrant Capital Group LLC acquired a new position in shares of Sprout Social during the 4th quarter worth $28,000. Summit Securities Group LLC increased its holdings in shares of Sprout Social by 399.0% in the 4th quarter. Summit Securities Group LLC now owns 2,520 shares of the company’s stock valued at $28,000 after purchasing an additional 2,015 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in shares of Sprout Social by 2,754.5% in the third quarter. Versant Capital Management Inc now owns 3,511 shares of the company’s stock valued at $45,000 after purchasing an additional 3,388 shares during the period.

Sprout Social Company Profile

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.