Sprout Social (SPT) Projected to Post Quarterly Earnings on Tuesday

Sprout Social (NASDAQ:SPT) is expected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect Sprout Social to post earnings of $0.15 per share and revenue of $106.74 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Sprout Social Stock Down 1.9 %

Sprout Social stock opened at $28.41 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.96 and a current ratio of 0.96. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of -23.67 and a beta of 1.06. Sprout Social has a fifty-two week low of $25.05 and a fifty-two week high of $65.53. The stock’s fifty day moving average is $32.14 and its two-hundred day moving average is $30.61.

Analyst Upgrades and Downgrades

A number of analysts recently commented on SPT shares. Scotiabank started coverage on Sprout Social in a research note on Monday, November 18th. They set a “sector perform” rating and a $28.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $55.00 price target on shares of Sprout Social in a research note on Wednesday, January 15th. Piper Sandler decreased their price target 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. Oppenheimer decreased their price target on Sprout Social from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, December 3rd. Finally, Morgan Stanley raised their price objective on Sprout Social from $36.00 to $37.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.58.

Insiders Place Their Bets

In other news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $31.67, for a total value of $1,266,800.00. Following the completion of the transaction, the insider now owns 27,136 shares in the company, valued at approximately $859,397.12. This trade represents a 59.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Ryan Paul Barretto sold 13,465 shares of Sprout Social stock in a transaction that occurred on Tuesday, December 3rd. The stock was sold at an average price of $31.45, for a total value of $423,474.25. Following the completion of the transaction, the chief executive officer now owns 546,343 shares of the company’s stock, valued at approximately $17,182,487.35. The trade was a 2.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 120,265 shares of company stock worth $3,837,006 in the last three months. 10.97% of the stock is owned by insiders.

About Sprout Social

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.