FY2025 EPS Estimates for Sprout Social Raised by Analyst

Sprout Social, Inc. (NASDAQ:SPT) – Analysts at Cantor Fitzgerald increased their FY2025 earnings estimates for shares of Sprout Social in a research report issued to clients and investors on Thursday, August 7th. Cantor Fitzgerald analyst M. Vanvliet now anticipates that the company will earn ($0.77) per share for the year, up from their previous forecast of ($0.79). Cantor Fitzgerald currently has a “Neutral” rating and a $24.00 target price on the stock. The consensus estimate for Sprout Social’s current full-year earnings is ($0.99) per share.

Other analysts also recently issued research reports about the stock. Barclays cut their price objective on shares of Sprout Social from $34.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, April 21st. Needham & Company LLC restated a “buy” rating and set a $32.00 price target on shares of Sprout Social in a report on Wednesday, May 28th. The Goldman Sachs Group reduced their price target on shares of Sprout Social from $24.00 to $21.00 and set a “neutral” rating on the stock in a research report on Thursday, August 7th. Morgan Stanley decreased their price objective on Sprout Social from $30.00 to $22.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. Finally, Canaccord Genuity Group decreased their price objective on Sprout Social from $30.00 to $25.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.42.

Sprout Social Stock Down 4.1%

SPT opened at $13.37 on Monday. The company has a market cap of $777.87 million, a PE ratio of -14.07 and a beta of 0.99. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 0.08. Sprout Social has a twelve month low of $13.33 and a twelve month high of $36.30. The company has a 50-day moving average price of $19.49 and a 200 day moving average price of $22.85.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings results on Wednesday, August 6th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.03. Sprout Social had a negative net margin of 12.70% and a negative return on equity of 25.95%. The firm had revenue of $111.78 million during the quarter, compared to the consensus estimate of $110.93 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The company’s revenue for the quarter was up 12.5% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Sprout Social by 11.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,976 shares of the company’s stock valued at $373,000 after acquiring an additional 1,703 shares in the last quarter. Brighton Jones LLC boosted its holdings in shares of Sprout Social by 391.7% in the fourth quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock valued at $1,105,000 after acquiring an additional 28,667 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Sprout Social in the fourth quarter valued at about $1,184,000. Barclays PLC boosted its holdings in shares of Sprout Social by 8.9% in the fourth quarter. Barclays PLC now owns 98,284 shares of the company’s stock valued at $3,018,000 after acquiring an additional 8,050 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Sprout Social by 9.6% in the first quarter. Rhumbline Advisers now owns 76,976 shares of the company’s stock valued at $1,693,000 after acquiring an additional 6,774 shares in the last quarter.

Insider Buying and Selling

In related news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Tuesday, July 8th. The shares were sold at an average price of $21.12, for a total transaction of $844,800.00. Following the sale, the insider directly owned 7,417 shares in the company, valued at $156,647.04. This trade represents a 84.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Karen Walker sold 5,000 shares of Sprout Social stock in a transaction on Monday, July 14th. The stock was sold at an average price of $19.05, for a total transaction of $95,250.00. Following the sale, the director owned 28,963 shares in the company, valued at $551,745.15. This represents a 14.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 112,375 shares of company stock worth $2,389,535 in the last ninety days. 10.12% of the stock is owned by corporate 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.