SPS Commerce (SPSC) to Release Quarterly Earnings on Monday

SPS Commerce (NASDAQ:SPSC) is expected to be issuing its quarterly earnings data after the market closes on Monday, February 10th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $169.29 million for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

SPS Commerce Stock Performance

NASDAQ SPSC opened at $184.68 on Monday. The company’s 50-day simple moving average is $189.93 and its two-hundred day simple moving average is $191.02. SPS Commerce has a one year low of $160.58 and a one year high of $218.74. The company has a market capitalization of $6.94 billion, a price-to-earnings ratio of 88.36 and a beta of 0.88.

Insider Activity at SPS Commerce

In other news, EVP Dan Juckniess sold 5,831 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the transaction, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This trade represents a 19.66 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Chadwick Collins sold 6,839 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $169.69, for a total transaction of $1,160,509.91. Following the sale, the chief executive officer now directly owns 54,446 shares of the company’s stock, valued at approximately $9,238,941.74. This represents a 11.16 % decrease in their position. The disclosure for this sale can be found here. 1.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

SPSC has been the subject of a number of analyst reports. Stifel Nicolaus lowered their target price on SPS Commerce from $250.00 to $225.00 and set a “buy” rating for the company in a report on Friday, January 3rd. Robert W. Baird increased their price objective on shares of SPS Commerce from $186.00 to $188.00 and gave the company a “neutral” rating in a research report on Monday, October 28th. Piper Sandler began coverage on SPS Commerce in a research report on Monday, November 25th. They issued a “neutral” rating and a $198.00 target price on the stock. Citigroup decreased their price objective on shares of 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 restated a “buy” rating and issued a $230.00 target price on shares of SPS Commerce in a research note on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $219.22.

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.