Should I buy or sell Sprout Social stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPT shares. View SPT analyst ratings or view top-rated stocks .

What is Sprout Social's stock price target for 2024?

12 brokers have issued 1 year target prices for Sprout Social's shares. Their SPT share price targets range from $60.00 to $83.00. On average, they anticipate the company's stock price to reach $72.57 in the next twelve months. This suggests a possible upside of 42.4% from the stock's current price. View analysts price targets for SPT or view top-rated stocks among Wall Street analysts .

How have SPT shares performed in 2024?

Sprout Social's stock was trading at $61.44 on January 1st, 2024. Since then, SPT shares have decreased by 17.0% and is now trading at $50.98. View the best growth stocks for 2024 here .

When is Sprout Social's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024. View our SPT earnings forecast .

How can I listen to Sprout Social's earnings call?

Sprout Social will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link .

How were Sprout Social's earnings last quarter?

Sprout Social, Inc. (NASDAQ:SPT) posted its quarterly earnings results on Tuesday, February, 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.02. The business had revenue of $93.58 million for the quarter, compared to analyst estimates of $90.76 million. Sprout Social had a negative trailing twelve-month return on equity of 41.25% and a negative net margin of 19.91%.

What ETFs hold Sprout Social's stock?

ETFs with the largest weight of Sprout Social (NASDAQ:SPT) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD) , WisdomTree Cloud Computing Fund (WCLD) , Global X Social Media Index ETF (SOCL) , Nuveen Small Cap Select ETF (NSCS) , Franklin Exponential Data ETF (XDAT) , Franklin Disruptive Commerce ETF (BUYZ) and Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR) . Ranger Equity Bear ETF (HDGE) .

What guidance has Sprout Social issued on next quarter's earnings?

Sprout Social issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 0.000-0.010 for the period, compared to the consensus estimate of 0.030. The company issued revenue guidance of $97.2 million-$97.3 million, compared to the consensus revenue estimate of $97.0 million.

What is Justyn Howard's approval rating as Sprout Social's CEO?

239 employees have rated Sprout Social Chief Executive Officer Justyn Howard on Glassdoor.com . Justyn Howard has an approval rating of 99% among the company's employees. This puts Justyn Howard in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

When did Sprout Social IPO?

Sprout Social (SPT) raised $150 million in an initial public offering on Friday, December 13th 2019. The company issued 8,800,000 shares at $16.00-$18.00 per share. Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and KeyBanc Capital Markets, William Blair, Canaccord Genuity and Stifel were co-managers.

Who are Sprout Social's major shareholders?

Sprout Social's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.14%), Allspring Global Investments Holdings LLC (0.59%), Moody National Bank Trust Division (0.13%), WoodTrust Financial Corp (0.04%), Los Angeles Capital Management LLC (0.03%) and Diversified Trust Co (0.03%). Insiders that own company stock include Aaron Edward Frederick Rankin , Aaron Edward Frederick Rankin , Jamie Cannon Gilpin , Justyn Russell Howard , Karen Walker , Preto Joseph Del , Ryan Paul Barretto , Steven A Collins, Steven A Collins and William Thomas Stanley . View institutional ownership trends .

How do I buy shares of Sprout Social?

Shares of SPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

Top-Rated StocksTop-Rated

NASDAQ:SPT

Sprout Social (SPT) Stock Price, News & Analysis

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$50.98

-1.76 (-3.34%)

(As of 04/19/2024 ET)

Compare

Today's Range: $50.30
▼
$52.75
50-Day Range: $50.98
▼
$65.62
52-Week Range: $37.00
▼
$68.41

Volume: 574,983 shs
Average Volume: 531,920 shs
Market Capitalization: $2.87 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $72.57

Get Sprout Social alerts:

Sprout Social MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.92 Rating Score
Upside/Downside: 42.4% Upside
$72.57 Price Target
Short Interest: Bearish
15.59% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.23
Based on 21 Articles This Week
Insider Trading: Selling Shares
$8.17 M Sold Last Quarter
Proj. Earnings Growth: Growing
From ($1.17) to ($1.11) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.02 out of 5 stars

Computer And Technology Sector

423rd out of 584 stocks

Prepackaged Software Industry

155th out of 197 stocks

4.5

Analyst's Opinion

Consensus Rating
Sprout Social has received a consensus rating of Moderate Buy. The company's average rating score is 2.92, and is based on 11 buy ratings, 1 hold rating, and no sell ratings.
Amount of Analyst Coverage
Sprout Social has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

0.0

Short Interest

Percentage of Shares Shorted
15.59% of the outstanding shares of Sprout Social have been sold short.
Short Interest Ratio / Days to Cover
Sprout Social has a short interest ratio ("days to cover") of 15.5, which indicates bearish sentiment.
Change versus previous month
Short interest in Sprout Social has recently increased by 0.69%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Sprout Social does not currently pay a dividend.
Dividend Growth
Sprout Social does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SPT.

1.8

News and Social Media Coverage

News Sentiment
Sprout Social has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 21 news articles for Sprout Social this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for SPT on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
Only 6 people have added Sprout Social to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Sprout Social insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $8,171,958.00 in company stock.
Percentage Held by Insiders
11.93% of the stock of Sprout Social is held by insiders. A high percentage of insider ownership can be a sign of company health.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Sprout Social are expected to grow in the coming year, from ($1.17) to ($1.11) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sprout Social is -42.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sprout Social is -42.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Sprout Social has a P/B Ratio of 19.91. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Sprout Social Stock (NASDAQ:SPT)

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. It offers integrated tools, such as social engagement/response; publishing; reporting and analytics; social listening and business intelligence; reputation management; social commerce; employee advocacy; and automation and workflows. In addition, the company provides smart inbox, social customer relationship management, social monitoring and alerts, customer service tools, and automation; and centralized content planning, creation, and publishing, automated scheduling, content performance reporting, suggested content, message approval workflows, publishing permissions and governance, and content and asset libraries. Further, it offers social media; content performance, customer service and team, custom report builder, and reporting API; and market research, brand health, competitive insights, consumer trends, and product feedback; and social commerce, reputation management, employee advocacy, mobile applications, and chat bot creation and management. Additionally, the company offers professional services consisting of consulting and training services. It serves social and community management; public relations; marketing; influencer marketing; customer service and care; commerce, sales and customer acquisition; recruiting and hiring, product development, and business strategy; and small-and-medium-sized businesses, mid-market companies, enterprises, marketing agencies, government, non-profit, and educational institutions. Sprout Social, Inc. was incorporated in 2010 and is headquartered in Chicago, Illinois.

SPT Stock Price History

30 days | 90 days | 365 days | Advanced Chart

SPT Stock News Headlines

April 10, 2024 | insidertrades.com

Sprout Social, Inc. (NASDAQ:SPT) CEO Justyn Russell Howard Sells 20,000 Shares

April 9, 2024 | insidertrades.com

Sprout Social, Inc. (NASDAQ:SPT) President Sells $318,920.00 in Stock

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 9, 2024 | insidertrades.com

Sprout Social, Inc. (NASDAQ:SPT) Director Sells $1,252,900.00 in Stock

April 3, 2024 | insidertrades.com

Preto Joseph Del Sells 1,500 Shares of Sprout Social, Inc. (NASDAQ:SPT) Stock

April 20, 2024 | americanbankingnews.com

Sprout Social (NASDAQ:SPT) Coverage Initiated at Oppenheimer

April 19, 2024 | msn.com

Oppenheimer Initiates Coverage of Sprout Social (SPT) with Outperform Recommendation

April 19, 2024 | americanbankingnews.com

Sprout Social (NASDAQ:SPT) Price Target Cut to $65.00

April 20, 2024 | Altimetry (Ad)

Secret Bull Market Starts in This Unusual Sector

April 17, 2024 | finance.yahoo.com

Sales And Marketing Software Stocks Q4 Highlights: Sprout Social (NASDAQ:SPT)

April 17, 2024 | investing.com

Sprout Social names Ryan Barretto as new CEO from October

April 17, 2024 | americanbankingnews.com

Sprout Social (NASDAQ:SPT) Receives "Buy" Rating from Needham & Company LLC

April 16, 2024 | finanznachrichten.de

Sprout Social, Inc: Sprout Social Announces CEO Succession Plan

April 16, 2024 | markets.businessinsider.com

Buy Rating Affirmed Amid Leadership Transition at Sprout Social

April 16, 2024 | markets.businessinsider.com

Expert Ratings For Sprout Social

April 16, 2024 | americanbankingnews.com

Sprout Social, Inc. (NASDAQ:SPT) Given Average Recommendation of "Moderate Buy" by Brokerages

April 15, 2024 | marketwatch.com

Sprout Social Taps Ryan Barretto as Next CEO

April 15, 2024 | globenewswire.com

Sprout Social Announces CEO Succession Plan

April 11, 2024 | investing.com

Sprout Social CEO sells over $1.1m in company stock

April 8, 2024 | globenewswire.com

Sprout Social to Announce First Quarter 2024 Financial Results on May 2, 2024

March 26, 2024 | finance.yahoo.com

Braze (BRZE) Q4 Earnings Report Preview: What To Look For

March 26, 2024 | msn.com

5 'Strong Buy' AI Software Stocks to Consider Now

March 25, 2024 | finance.yahoo.com

Sprout Social, Inc. (SPT)

March 21, 2024 | markets.businessinsider.com

The Analyst Verdict: Sprout Social In The Eyes Of 13 Experts

March 19, 2024 | globenewswire.com

Sprout Social Launches New Mentorship Network for Marketers

March 14, 2024 | globenewswire.com

Sprout Social Names Crystal Boysen as Chief People Officer

March 8, 2024 | markets.businessinsider.com

Cramer Says Sprout Social Is In A 'Hot Spot,' But This Energy Stock Is 'Too Down And Out'

See More Headlines

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Company Calendar

Last Earnings: 2/20/2024
Today: 4/20/2024
Next Earnings (Confirmed): 5/02/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Computer and Technology
Industry: Prepackaged software
Sub-Industry: N/A
Current Symbol: NASDAQ:SPT
CUSIP: N/A
CIK: 1517375
Web: www.sproutsocial.com
Phone: 866-878-3231
Fax: N/A
Employees: 1,383
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $72.57
High Stock Price Target: $83.00
Low Stock Price Target: $60.00
Potential Upside/Downside: +42.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.92
Research Coverage: 12 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.20)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-66,430,000.00
Net Margins: -19.91%
Pretax Margin: -19.72%
Return on Equity: -41.25%
Return on Assets: -16.81%

Debt

Debt-to-Equity Ratio: 0.38
Current Ratio: 1.08
Quick Ratio: 1.08

Sales & Book Value

Annual Sales: $333.64 million
Price / Sales: 8.59
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $2.56 per share
Price / Book: 19.91

Miscellaneous

Outstanding Shares: 56,250,000
Free Float: 49,539,000
Market Cap: $2.87 billion
Optionable: Optionable
Beta: 1.05

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Key Executives

Mr. Justyn Russell Howard (Age 44)
Co-Founder, Chairman & CEO
Comp: $892.4k
Mr. Ryan Paul Barretto (Age 44)
President
Comp: $780.5k
Mr. Aaron Edward-Frederick Rankin (Age 42)
Co-Founder & Director
Comp: $489.6k
Mr. Joseph M. Del Preto II (Age 49)
CFO & Treasurer
Comp: $614.46k
Ms. Rachael Pfenning
Senior Vice President of Operations
Mr. Alan Boyce
Chief Technology Officer
Mr. Jason Rechel
Head of Investor Relations
Ms. Heidi N. Jonas Esq.
J.D., General Counsel & Secretary
Ms. Kristin Johnson
Vice President of Content & Communications
Mr. Scott Morris
Chief Marketing Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SPT Stock Analysis - Frequently Asked Questions

Should I buy or sell Sprout Social stock right now?: 12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sprout Social in the last year. There are currently 1 hold rating and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SPT shares.
View SPT analyst ratings or view top-rated stocks.
What is Sprout Social's stock price target for 2024?: 12 brokers have issued 1 year target prices for Sprout Social's shares. Their SPT share price targets range from $60.00 to $83.00. On average, they anticipate the company's stock price to reach $72.57 in the next twelve months. This suggests a possible upside of 42.4% from the stock's current price.
View analysts price targets for SPT or view top-rated stocks among Wall Street analysts.
How have SPT shares performed in 2024?: Sprout Social's stock was trading at $61.44 on January 1st, 2024. Since then, SPT shares have decreased by 17.0% and is now trading at $50.98.
View the best growth stocks for 2024 here.
When is Sprout Social's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 2nd 2024.
View our SPT earnings forecast.
How can I listen to Sprout Social's earnings call?: Sprout Social will be holding an earnings conference call on Thursday, May 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.
How were Sprout Social's earnings last quarter?: Sprout Social, Inc. (NASDAQ:SPT) posted its quarterly earnings results on Tuesday, February, 20th. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.30) by $0.02. The business had revenue of $93.58 million for the quarter, compared to analyst estimates of $90.76 million. Sprout Social had a negative trailing twelve-month return on equity of 41.25% and a negative net margin of 19.91%.

What ETFs hold Sprout Social's stock?: ETFs with the largest weight of Sprout Social (NASDAQ:SPT) stock in their portfolio include SmartETFs Advertising & Marketing Technology ETF (MRAD), WisdomTree Cloud Computing Fund (WCLD), Global X Social Media Index ETF (SOCL), Nuveen Small Cap Select ETF (NSCS), Franklin Exponential Data ETF (XDAT), Franklin Disruptive Commerce ETF (BUYZ) and Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).Ranger Equity Bear ETF (HDGE).
What guidance has Sprout Social issued on next quarter's earnings?: Sprout Social issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 20th. The company provided earnings per share (EPS) guidance of 0.000-0.010 for the period, compared to the consensus estimate of 0.030. The company issued revenue guidance of $97.2 million-$97.3 million, compared to the consensus revenue estimate of $97.0 million.
What is Justyn Howard's approval rating as Sprout Social's CEO?: 239 employees have rated Sprout Social Chief Executive Officer Justyn Howard on Glassdoor.com. Justyn Howard has an approval rating of 99% among the company's employees. This puts Justyn Howard in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.
When did Sprout Social IPO?: Sprout Social (SPT) raised $150 million in an initial public offering on Friday, December 13th 2019. The company issued 8,800,000 shares at $16.00-$18.00 per share. Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and KeyBanc Capital Markets, William Blair, Canaccord Genuity and Stifel were co-managers.
Who are Sprout Social's major shareholders?: Sprout Social's stock is owned by many different institutional and retail investors. Top institutional investors include Wasatch Advisors LP (3.14%), Allspring Global Investments Holdings LLC (0.59%), Moody National Bank Trust Division (0.13%), WoodTrust Financial Corp (0.04%), Los Angeles Capital Management LLC (0.03%) and Diversified Trust Co (0.03%). Insiders that own company stock include Aaron Edward Frederick Rankin, Aaron Edward Frederick Rankin, Jamie Cannon Gilpin, Justyn Russell Howard, Karen Walker, Preto Joseph Del, Ryan Paul Barretto, Steven A Collins, Steven A Collins and William Thomas Stanley.
View institutional ownership trends.
How do I buy shares of Sprout Social?: Shares of SPT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SPT) was last updated on 4/20/2024 by MarketBeat.com Staff

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Sprout Social (SPT) Stock Price, News & Analysis

Sprout Social MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sprout Social Stock (NASDAQ:SPT)

SPT Stock Price History

SPT Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SPT Stock Analysis - Frequently Asked Questions

Overall MarketRank^™