SPS Commerce (NASDAQ:SPSC) Price Target Lowered to $55.00 at DA Davidson

SPS Commerce (NASDAQ:SPSC) had its price target decreased by DA Davidson from $65.00 to $55.00 in a report issued on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the software maker’s stock. DA Davidson’s target price points to a potential downside of 6.65% from the company’s previous close.

A number of other equities research analysts have also commented on the stock. Cantor Fitzgerald set a $60.00 price objective on shares of SPS Commerce and gave the stock a “neutral” rating in a report on Friday. Needham & Company LLC dropped their price objective on shares of SPS Commerce from $110.00 to $75.00 and set a “buy” rating on the stock in a report on Friday. Wall Street Zen upgraded shares of SPS Commerce from a “hold” rating to a “buy” rating in a report on Sunday, April 26th. Robert W. Baird set a $86.00 price objective on shares of SPS Commerce in a report on Friday, February 13th. Finally, Weiss Ratings upgraded shares of SPS Commerce from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, SPS Commerce presently has a consensus rating of “Hold” and a consensus price target of $77.18.

SPS Commerce Price Performance

SPSC traded up $2.80 during mid-day trading on Friday, hitting $58.92. The stock had a trading volume of 925,978 shares, compared to its average volume of 728,124. The stock’s fifty day simple moving average is $57.17 and its 200-day simple moving average is $77.21. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 24.05 and a beta of 0.62. SPS Commerce has a 1-year low of $50.55 and a 1-year high of $153.16.

SPS Commerce (NASDAQ:SPSC) last posted its earnings results on Thursday, February 12th. The software maker reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.00 by $0.14. The company had revenue of $192.65 million for the quarter, compared to analyst estimates of $193.60 million. SPS Commerce had a net margin of 12.42% and a return on equity of 12.73%. The business’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same period last year, the business posted $0.89 earnings per share. SPS Commerce has set its FY 2026 guidance at 4.420-4.500 EPS and its Q1 2026 guidance at 0.950-0.990 EPS. As a group, research analysts expect that SPS Commerce will post 3.25 earnings per share for the current fiscal year.

Insider Activity at SPS Commerce

In related news, Director Marty M. Reaume sold 1,000 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the completion of the transaction, the director owned 9,158 shares of the company’s stock, valued at approximately $530,248.20. This trade represents a 9.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Chadwick Collins sold 13,384 shares of the firm’s stock in a transaction on Friday, February 20th. The shares were sold at an average price of $58.66, for a total transaction of $785,105.44. Following the completion of the transaction, the chief executive officer directly owned 72,241 shares of the company’s stock, valued at approximately $4,237,657.06. This trade represents a 15.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 24,102 shares of company stock valued at $1,425,328. Insiders own 0.98% of the company’s stock.

Institutional Trading of SPS Commerce

A number of hedge funds have recently modified their holdings of SPSC. Salomon & Ludwin LLC acquired a new stake in shares of SPS Commerce during the 3rd quarter worth about $28,000. NewEdge Advisors LLC lifted its stake in shares of SPS Commerce by 545.7% during the 1st quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of SPS Commerce during the 3rd quarter worth about $32,000. Global Retirement Partners LLC lifted its stake in shares of SPS Commerce by 2,130.0% during the 4th quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after buying an additional 426 shares during the last quarter. Finally, Summit Securities Group LLC acquired a new stake in SPS Commerce in the 4th quarter worth about $45,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

Key Headlines Impacting SPS Commerce

Here are the key news stories impacting SPS Commerce this week:

• Positive Sentiment: Management raised FY2026 EPS guidance materially above prior consensus (FY EPS guidance of ~4.73–4.76 vs. consensus ~4.24), which supports upside to valuation expectations. SPS Commerce Reports First Quarter 2026 Financial Results
• Positive Sentiment: On adjusted metrics SPS topped consensus on Q1 EPS (reported $1.10 vs. ~ $0.97 estimate), and recurring revenue grew year?over?year, both supporting subscription/repeat?revenue durability. SPS Commerce (SPSC) Tops Q1 Earnings Estimates
• Positive Sentiment: Operating cash flow and liquidity improved (notable increase in cash from operations and cash balance), which reduces near?term financial risk and funds investment. SPS Commerce (SPSC) Stock Falls on Q1 2026 Earnings
• Neutral Sentiment: Earnings call materials and transcript provide more color on Amazon/third?party activity and product mix — useful for assessing sustainability of recurring revenue but not immediately decisive. SPSC Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Q2 EPS guidance was issued slightly above consensus (Q2 EPS 1.06–1.09 vs. ~1.04) while Q2 revenue guidance ($194.5–$196.5M) and FY revenue range sit roughly at/just below street expectations — mixed for near?term growth outlook. Q1 Results & Guidance (Company Presentation)
• Negative Sentiment: Some headline metrics disappointed or showed pressure: certain GAAP/pro forma measures and operating income declined year?over?year, creating confusion between adjusted vs. reported EPS and weighing on sentiment. SPSC Stock Falls on Q1 2026 Earnings (Quiver)
• Negative Sentiment: Needham cut its price target from $110 to $75 (though it kept a buy rating), and at least one major analyst (William Blair) has a Hold — these moves can cap near?term upside and weigh on sentiment. Needham Price Target Cut / Coverage Notes
• Negative Sentiment: Insider selling activity was flagged in recent summaries, which some investors view as a negative signal for management stock conviction. Insider Trading & Institutional Moves (Quiver)

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.