Sprout Social (NASDAQ:SPT) Releases Earnings Results, Misses Expectations By $0.06 EPS

Sprout Social (NASDAQ:SPT) released its earnings results on Thursday. The company reported ($0.28) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06), reports. Sprout Social had a negative net margin of 19.60% and a negative return on equity of 44.38%. The company had revenue of $102.64 million during the quarter, compared to analysts’ expectations of $102.04 million.

Sprout Social Stock Down 13.8 %

Shares of NASDAQ SPT traded down $4.29 during trading on Friday, reaching $26.71. 1,504,473 shares of the stock were exchanged, compared to its average volume of 749,777. The business’s 50-day moving average price is $28.13 and its 200 day moving average price is $32.53. Sprout Social has a twelve month low of $25.05 and a twelve month high of $68.41. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of -20.39 and a beta of 0.99.

Insider Transactions at Sprout Social

In related news, CFO Preto Joseph Del sold 1,500 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $29.81, for a total value of $44,715.00. Following the sale, the chief financial officer now directly owns 162,624 shares of the company’s stock, valued at $4,847,821.44. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Sprout Social news, CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $28.25, for a total transaction of $474,600.00. Following the completion of the sale, the chief executive officer now owns 170,175 shares in the company, valued at $4,807,443.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Preto Joseph Del sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $29.81, for a total transaction of $44,715.00. Following the sale, the chief financial officer now owns 162,624 shares of the company’s stock, valued at approximately $4,847,821.44. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,882 shares of company stock valued at $1,801,351. Corporate insiders own 10.97% of the company’s stock.

Hedge Funds Weigh In On Sprout Social

Several institutional investors have recently modified their holdings of the company. Fidelis Capital Partners LLC purchased a new stake in Sprout Social during the first quarter valued at about $27,000. Arizona State Retirement System lifted its stake in Sprout Social by 3.9% during the second quarter. Arizona State Retirement System now owns 13,934 shares of the company’s stock valued at $497,000 after buying an additional 529 shares in the last quarter. Diversified Trust Co lifted its stake in Sprout Social by 3.8% during the third quarter. Diversified Trust Co now owns 15,770 shares of the company’s stock valued at $458,000 after buying an additional 571 shares in the last quarter. Lazard Asset Management LLC lifted its stake in Sprout Social by 49.0% during the first quarter. Lazard Asset Management LLC now owns 1,863 shares of the company’s stock valued at $111,000 after buying an additional 613 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new stake in Sprout Social during the first quarter valued at about $37,000.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on SPT. Robert W. Baird boosted their target price on shares of Sprout Social from $38.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Barclays lowered their target price on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Oppenheimer lowered their target price on shares of Sprout Social from $43.00 to $40.00 and set an “outperform” rating for the company in a report on Thursday, October 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $46.00 price target on shares of Sprout Social in a research report on Friday, August 2nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target 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.