Sprout Social (SPT) to Release Earnings on Tuesday

Sprout Social (NASDAQ:SPTGet Rating) is set to release its earnings data after the market closes on Tuesday, August 2nd. Analysts expect Sprout Social to post earnings of ($0.06) per share for the quarter. Sprout Social has set its Q2 guidance at $(0.06) EPS and its FY22 guidance at $(0.13)-$(0.12) EPS.Persons that wish to register for the company’s earnings conference call can do so using this link.

Sprout Social (NASDAQ:SPTGet Rating) last issued its earnings results on Tuesday, May 3rd. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.01). Sprout Social had a negative net margin of 15.69% and a negative return on equity of 21.90%. The business had revenue of $57.43 million for the quarter, compared to analysts’ expectations of $56.25 million. During the same quarter in the prior year, the business posted ($0.12) earnings per share. The business’s revenue for the quarter was up 40.7% on a year-over-year basis. On average, analysts expect Sprout Social to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Sprout Social Trading Down 0.2 %

Shares of SPT opened at $54.24 on Tuesday. The business’s fifty day simple moving average is $54.60 and its two-hundred day simple moving average is $62.21. The company has a market cap of $2.95 billion, a price-to-earnings ratio of -91.93 and a beta of 1.31. Sprout Social has a 12 month low of $38.39 and a 12 month high of $145.42.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley lowered their price target on Sprout Social from $70.00 to $66.00 and set an “equal weight” rating on the stock in a report on Thursday, July 14th. Barclays lowered their price target on Sprout Social from $91.00 to $79.00 in a report on Wednesday, May 4th. Cantor Fitzgerald lowered their price target on Sprout Social from $99.00 to $80.00 in a report on Wednesday, May 4th. Finally, Piper Sandler lowered their price target on Sprout Social from $98.00 to $76.00 and set an “overweight” rating on the stock in a report on Friday, July 15th. One research analyst has rated the stock with a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $101.73.

Insider Buying and Selling at Sprout Social

In other Sprout Social news, President Ryan Paul Barretto sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $58.31, for a total transaction of $333,416.58. Following the sale, the president now directly owns 352,407 shares of the company’s stock, valued at $20,548,852.17. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Sprout Social news, President Ryan Paul Barretto sold 5,718 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The stock was sold at an average price of $58.31, for a total transaction of $333,416.58. Following the sale, the president now directly owns 352,407 shares of the company’s stock, valued at $20,548,852.17. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Justyn Russell Howard sold 20,000 shares of the firm’s stock in a transaction dated Thursday, July 7th. The shares were sold at an average price of $64.42, for a total value of $1,288,400.00. Following the sale, the chief executive officer now directly owns 250,642 shares in the company, valued at $16,146,357.64. The disclosure for this sale can be found here. Insiders have sold a total of 76,407 shares of company stock valued at $4,328,707 over the last ninety days. 13.33% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPT. Raymond James & Associates grew its position in shares of Sprout Social by 5.9% during the first quarter. Raymond James & Associates now owns 25,822 shares of the company’s stock valued at $2,069,000 after purchasing an additional 1,428 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Sprout Social by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 434,219 shares of the company’s stock valued at $34,789,000 after purchasing an additional 13,742 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Sprout Social by 105.9% during the first quarter. PNC Financial Services Group Inc. now owns 2,668 shares of the company’s stock valued at $213,000 after purchasing an additional 1,372 shares in the last quarter. MetLife Investment Management LLC grew its position in shares of Sprout Social by 56.3% during the first quarter. MetLife Investment Management LLC now owns 24,479 shares of the company’s stock valued at $1,961,000 after purchasing an additional 8,816 shares in the last quarter. Finally, Rhumbline Advisers grew its position in shares of Sprout Social by 2.8% during the first quarter. Rhumbline Advisers now owns 46,537 shares of the company’s stock valued at $3,729,000 after purchasing an additional 1,257 shares in the last quarter. Hedge funds and other institutional investors own 83.30% of the company’s stock.

About Sprout Social

(Get Rating)

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. It provides cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action.

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Earnings History for Sprout Social (NASDAQ:SPT)

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