Sprout Social (NASDAQ:SPT) Stock Rating Reaffirmed by William Blair

William Blair reiterated their market perform rating on shares of Sprout Social (NASDAQ:SPT) in a report published on Friday morning, Marketbeat reports.

Several other research analysts have also recently commented on SPT. Morgan Stanley cut their price target on Sprout Social from $73.00 to $65.00 and set an equal weight rating on the stock in a report on Wednesday, April 17th. BTIG Research downgraded shares of Sprout Social from a buy rating to a neutral rating in a research note on Friday. KeyCorp downgraded shares of Sprout Social from an overweight rating to a sector weight rating in a research report on Friday. Robert W. Baird cut shares of Sprout Social from an outperform rating to a neutral rating and decreased their price objective for the stock from $72.00 to $45.00 in a research report on Friday. Finally, Stifel Nicolaus increased their target price on Sprout Social from $60.00 to $70.00 and gave the company a buy rating in a report on Friday, January 19th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $57.07.

Sprout Social Stock Down 1.9 %

NASDAQ:SPT opened at $28.28 on Friday. Sprout Social has a 52 week low of $27.75 and a 52 week high of $68.41. The stock’s fifty day moving average is $55.98 and its two-hundred day moving average is $56.80. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.08 and a current ratio of 1.08.

Sprout Social (NASDAQ:SPT) last posted its quarterly earnings data on Tuesday, February 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by ($0.02). Sprout Social had a negative net margin of 19.64% and a negative return on equity of 42.60%. The firm had revenue of $93.58 million during the quarter, compared to analysts’ expectations of $90.76 million. Research analysts predict that Sprout Social will post -1.17 EPS for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, Director Aaron Edward Frederick Rankin sold 22,000 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $56.95, for a total transaction of $1,252,900.00. Following the completion of the sale, the director now directly owns 44,487 shares of the company’s stock, valued at approximately $2,533,534.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, President Ryan Paul Barretto sold 5,600 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $56.95, for a total value of $318,920.00. Following the completion of the sale, the president now owns 198,175 shares in the company, valued at $11,286,066.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Aaron Edward Frederick Rankin sold 22,000 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $56.95, for a total value of $1,252,900.00. Following the sale, the director now owns 44,487 shares in the company, valued at $2,533,534.65. The disclosure for this sale can be found here. Insiders sold a total of 89,100 shares of company stock worth $5,126,065 in the last 90 days. Company insiders own 10.97% of the company’s stock.

Institutional Trading of Sprout Social

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC acquired a new position in Sprout Social in the 1st quarter valued at about $27,000. RiverPark Advisors LLC purchased a new stake in shares of Sprout Social in the third quarter valued at $37,000. Guinness Atkinson Asset Management Inc purchased a new position in Sprout Social during the third quarter worth about $40,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Sprout Social in the third quarter worth approximately $47,000. Finally, Arcadia Investment Management Corp MI grew its stake in shares of Sprout Social by 36.7% during the 4th quarter. Arcadia Investment Management Corp MI now owns 1,047 shares of the company’s stock valued at $64,000 after buying an additional 281 shares during the period.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.