SPS Commerce (NASDAQ:SPSC) Cut to Sell (D+) at Weiss Ratings

Weiss Ratings cut shares of SPS Commerce (NASDAQ:SPSC) from a hold (c-) rating to a sell (d+) rating in a research note published on Saturday morning,Weiss Ratings reports.

Other equities research analysts have also recently issued reports about the company. Loop Capital cut SPS Commerce from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $175.00 to $120.00 in a research note on Thursday, July 31st. Needham & Company LLC reaffirmed a “buy” rating and set a $160.00 price objective on shares of SPS Commerce in a research note on Wednesday, September 24th. Cantor Fitzgerald decreased their price objective on SPS Commerce from $170.00 to $135.00 and set an “overweight” rating for the company in a research note on Wednesday, September 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $140.00 price objective (down from $170.00) on shares of SPS Commerce in a research note on Tuesday, October 14th. Finally, Stifel Nicolaus decreased their price objective on SPS Commerce from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Thursday, July 31st. Five analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $153.70.

SPS Commerce Stock Performance

Shares of SPSC opened at $111.00 on Friday. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 50.92 and a beta of 0.69. The business’s fifty day moving average price is $109.05 and its two-hundred day moving average price is $126.02. SPS Commerce has a 52 week low of $102.05 and a 52 week high of $201.06.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Wednesday, July 30th. The software maker reported $1.00 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.10. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $187.40 million for the quarter, compared to analyst estimates of $185.88 million. During the same period last year, the company earned $0.80 EPS. The business’s quarterly revenue was up 22.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 3.990-4.040 EPS. Q3 2025 guidance at 0.960-1.000 EPS. As a group, research analysts forecast that SPS Commerce will post 2.73 EPS for the current year.

Institutional Trading of SPS Commerce

Several hedge funds have recently added to or reduced their stakes in the business. Hardy Reed LLC raised its stake in SPS Commerce by 2.8% during the 2nd quarter. Hardy Reed LLC now owns 2,746 shares of the software maker’s stock worth $374,000 after buying an additional 75 shares during the period. Journey Strategic Wealth LLC raised its stake in shares of SPS Commerce by 4.3% in the 1st quarter. Journey Strategic Wealth LLC now owns 1,919 shares of the software maker’s stock valued at $255,000 after purchasing an additional 79 shares during the period. UMB Bank n.a. raised its stake in shares of SPS Commerce by 60.6% in the 2nd quarter. UMB Bank n.a. now owns 212 shares of the software maker’s stock valued at $29,000 after purchasing an additional 80 shares during the period. Alliance Wealth Advisors LLC UT raised its stake in shares of SPS Commerce by 1.0% in the 1st quarter. Alliance Wealth Advisors LLC UT now owns 9,269 shares of the software maker’s stock valued at $1,230,000 after purchasing an additional 90 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its stake in shares of SPS Commerce by 41.1% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 316 shares of the software maker’s stock valued at $43,000 after purchasing an additional 92 shares during the period. Institutional investors and hedge funds own 98.96% of the company’s stock.

SPS Commerce Company Profile

SPS Commerce, Inc provides cloud-based supply chain management solutions in the United States and internationally. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, grocers, suppliers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.