Barclays Issues Pessimistic Forecast for Sprout Social (NASDAQ:SPT) Stock Price

Sprout Social (NASDAQ:SPT) had its price objective decreased by analysts at Barclays from $38.00 to $34.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 24.77% from the company’s current price.

SPT has been the subject of a number of other reports. Oppenheimer reduced their target price on shares of Sprout Social from $40.00 to $38.00 and set an “outperform” rating for the company in a report on Tuesday, December 3rd. Jefferies Financial Group raised their target price on Sprout Social from $34.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, February 3rd. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Wednesday, January 15th. Morgan Stanley increased their price objective on Sprout Social from $36.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Finally, Piper Sandler lowered their target price on Sprout Social from $40.00 to $29.00 and set a “neutral” rating on the stock in a research note on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $39.25.

Sprout Social Price Performance

Shares of NASDAQ:SPT opened at $27.25 on Wednesday. The stock’s 50 day moving average price is $31.83 and its 200 day moving average price is $30.55. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.96 and a quick ratio of 0.96. The stock has a market cap of $1.56 billion, a price-to-earnings ratio of -22.71 and a beta of 1.06. Sprout Social has a 12 month low of $25.05 and a 12 month high of $65.32.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Tuesday, February 25th. The company reported ($0.20) earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.35). Sprout Social had a negative net margin of 17.24% and a negative return on equity of 40.94%. Equities research analysts anticipate that Sprout Social will post -0.99 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, Director Karen Walker sold 5,000 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $30.26, for a total transaction of $151,300.00. Following the sale, the director now directly owns 30,665 shares in the company, valued at $927,922.90. This represents a 14.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $30.99, for a total transaction of $520,632.00. Following the transaction, the chief executive officer now owns 153,375 shares of the company’s stock, valued at approximately $4,753,091.25. This represents a 9.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 120,265 shares of company stock worth $3,837,006. 10.97% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP increased its position in Sprout Social by 100.9% during the 3rd quarter. Quarry LP now owns 1,573 shares of the company’s stock worth $46,000 after purchasing an additional 790 shares in the last quarter. US Bancorp DE grew its stake in shares of Sprout Social by 2,392.6% during the fourth quarter. US Bancorp DE now owns 1,695 shares of the company’s stock worth $52,000 after buying an additional 1,627 shares during the last quarter. KBC Group NV increased its holdings in shares of Sprout Social by 77.1% during the fourth quarter. KBC Group NV now owns 2,525 shares of the company’s stock worth $78,000 after buying an additional 1,099 shares in the last quarter. Assetmark Inc. lifted its stake in shares of Sprout Social by 27.5% in the 3rd quarter. Assetmark Inc. now owns 3,717 shares of the company’s stock valued at $108,000 after acquiring an additional 801 shares during the last quarter. Finally, Yarbrough Capital LLC acquired a new stake in shares of Sprout Social during the 4th quarter valued at $206,000.

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.