SPS Commerce (NASDAQ:SPSC) Reaches New 52-Week Low – Should You Sell?

SPS Commerce, Inc. (NASDAQ:SPSC)’s stock price hit a new 52-week low on Monday . The company traded as low as $124.09 and last traded at $124.88, with a volume of 10627 shares changing hands. The stock had previously closed at $128.22.

Analyst Ratings Changes

Several analysts have recently commented on SPSC shares. Robert W. Baird decreased their price target on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Northland Securities reaffirmed a “market perform” rating and set a $181.00 target price (down previously from $209.00) on shares of SPS Commerce in a report on Tuesday, February 11th. Citigroup decreased their price objective on SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Needham & Company LLC lowered their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday, February 11th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $207.11.

SPS Commerce Price Performance

The business’s fifty day moving average price is $168.40 and its 200 day moving average price is $182.11. The stock has a market cap of $4.71 billion, a P/E ratio of 61.08 and a beta of 0.92.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. On average, analysts predict that SPS Commerce, Inc. will post 2.73 earnings per share for the current fiscal year.

Insider Activity

In related news, EVP Dan Juckniess sold 2,591 shares of the stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $148.02, for a total transaction of $383,519.82. Following the completion of the transaction, the executive vice president now owns 1,367,584 shares in the company, valued at approximately $202,429,783.68. This represents a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Chadwick Collins sold 2,840 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $148.12, for a total transaction of $420,660.80. Following the sale, the chief executive officer now owns 5,270,106 shares of the company’s stock, valued at $780,608,100.72. This trade represents a 0.05 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 43,695 shares of company stock worth $7,781,086. Company insiders own 1.00% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPSC. Advisors Asset Management Inc. lifted its stake in shares of SPS Commerce by 129.9% during the 3rd quarter. Advisors Asset Management Inc. now owns 177 shares of the software maker’s stock valued at $34,000 after buying an additional 100 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in SPS Commerce during the fourth quarter valued at approximately $40,000. Hurley Capital LLC purchased a new position in SPS Commerce in the 4th quarter worth $41,000. Blue Trust Inc. lifted its position in SPS Commerce by 49.1% in the fourth quarter. Blue Trust Inc. now owns 255 shares of the software maker’s stock valued at $47,000 after purchasing an additional 84 shares during the last quarter. Finally, R Squared Ltd bought a new stake in shares of SPS Commerce in the 4th quarter worth approximately $57,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.