Sprout Social (SPT) to Release Quarterly Earnings on Thursday

Sprout Social (NASDAQ:SPT) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Sprout Social Stock Up 2.3 %

Shares of NASDAQ:SPT opened at $27.59 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of -21.06 and a beta of 0.99. The company has a 50 day moving average of $28.36 and a 200-day moving average of $32.90. Sprout Social has a one year low of $25.05 and a one year high of $68.41.

Insider Buying and Selling at Sprout Social

In related news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction that occurred on Monday, October 7th. The stock was sold at an average price of $28.23, for a total transaction of $564,600.00. Following the sale, the insider now owns 7,417 shares of the company’s stock, valued at $209,381.91. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Sprout Social news, insider Justyn Russell Howard sold 20,000 shares of the stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.23, for a total transaction of $564,600.00. Following the sale, the insider now directly owns 7,417 shares in the company, valued at $209,381.91. This represents a 0.00 % 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, CFO Preto Joseph Del sold 1,500 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.27, for a total transaction of $42,405.00. Following the completion of the transaction, the chief financial officer now directly owns 158,614 shares in the company, valued at approximately $4,484,017.78. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 66,382 shares of company stock valued at $1,910,341 in the last quarter. Company insiders own 10.97% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on SPT. Oppenheimer cut their target price on shares of Sprout Social from $43.00 to $40.00 and set an “outperform” rating on the stock in a report on Thursday, October 24th. Robert W. Baird raised their target price on shares of Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Needham & Company LLC reissued a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Friday, August 2nd. KeyCorp cut Sprout Social from a “sector weight” rating to an “underweight” rating and set a $28.00 price objective for the company. in a report on Thursday, August 22nd. Finally, Barclays dropped their target price on Sprout Social from $48.00 to $38.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $48.00.

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.