Sprout Social (NASDAQ:SPT) Stock Price Up 10.1% – Here’s Why

Sprout Social, Inc. (NASDAQ:SPT) shares rose 10.1% during trading on Monday . The stock traded as high as $8.34 and last traded at $8.3320. Approximately 234,595 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 1,516,848 shares. The stock had previously closed at $7.57.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on SPT shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a research note on Friday, July 17th. Barclays upped their price objective on shares of Sprout Social from $8.00 to $9.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $11.88.

Sprout Social Trading Up 4.4%

The company has a 50 day simple moving average of $7.53 and a 200 day simple moving average of $7.17. The company has a market capitalization of $522.36 million, a PE ratio of -13.17 and a beta of 0.99. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, May 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.07. Sprout Social had a negative return on equity of 13.90% and a negative net margin of 8.18%.The business had revenue of $121.50 million for the quarter, compared to the consensus estimate of $120.33 million. Sprout Social has set its Q2 2026 guidance at 0.150-0.160 EPS and its FY 2026 guidance at 0.880-0.970 EPS. Analysts anticipate that Sprout Social, Inc. will post -0.31 earnings per share for the current year.

Insiders Place Their Bets

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, July 10th. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00. Following the sale, the insider owned 7,417 shares of the company’s stock, valued at $61,412.76. The trade was a 84.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

A number of hedge funds have recently modified their holdings of the business. Quadrant Capital Group LLC acquired a new position in Sprout Social during the fourth quarter worth about $28,000. Summit Securities Group LLC raised its holdings in 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 acquiring an additional 2,015 shares during the last quarter. Quarry LP raised its holdings in Sprout Social by 264.2% in the 3rd quarter. Quarry LP now owns 3,784 shares of the company’s stock valued at $49,000 after acquiring an additional 2,745 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Sprout Social in the 4th quarter worth approximately $54,000. Finally, Tower Research Capital LLC TRC lifted its stake in Sprout Social by 55.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,496 shares of the company’s stock worth $115,000 after purchasing an additional 1,962 shares in the last quarter.

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.