Citigroup Has Lowered Expectations for SPS Commerce (NASDAQ:SPSC) Stock Price

SPS Commerce (NASDAQ:SPSC) had its price target decreased by Citigroup from $145.00 to $110.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the software maker’s stock. Citigroup’s target price indicates a potential upside of 33.75% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Stifel Nicolaus reissued a “hold” rating and issued a $80.00 target price (down previously from $150.00) on shares of SPS Commerce in a research note on Friday. Robert W. Baird set a $104.00 target price on SPS Commerce in a research note on Friday. Needham & Company LLC reissued a “buy” rating and issued a $110.00 target price (down previously from $160.00) on shares of SPS Commerce in a research note on Friday. Northland Securities set a $109.00 target price on SPS Commerce in a research note on Friday. Finally, Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Tuesday, October 14th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, SPS Commerce currently has a consensus rating of “Hold” and an average price target of $110.80.

SPS Commerce Trading Down 20.8%

SPSC opened at $82.24 on Friday. The stock has a 50-day moving average price of $107.99 and a 200-day moving average price of $125.17. SPS Commerce has a 12-month low of $73.05 and a 12-month high of $201.06. The stock has a market capitalization of $3.12 billion, a P/E ratio of 37.72 and a beta of 0.69.

SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings data on Thursday, October 30th. The software maker reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.14. SPS Commerce had a return on equity of 12.10% and a net margin of 11.79%.The firm had revenue of $189.90 million during the quarter, compared to analysts’ expectations of $192.68 million. During the same period in the prior year, the business earned $0.92 EPS. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. SPS Commerce has set its FY 2025 guidance at 4.100-4.15 EPS. Q4 2025 guidance at 0.980-1.020 EPS. On average, equities research analysts predict that SPS Commerce will post 2.73 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Nordea Investment Management AB raised its position in SPS Commerce by 505.3% during the 2nd quarter. Nordea Investment Management AB now owns 1,330,237 shares of the software maker’s stock valued at $177,587,000 after purchasing an additional 1,110,476 shares during the last quarter. Conestoga Capital Advisors LLC raised its position in shares of SPS Commerce by 2.5% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,281,511 shares of the software maker’s stock worth $133,457,000 after acquiring an additional 30,769 shares in the last quarter. Geode Capital Management LLC raised its position in shares of SPS Commerce by 1.2% in the 2nd quarter. Geode Capital Management LLC now owns 975,890 shares of the software maker’s stock worth $132,824,000 after acquiring an additional 12,046 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in shares of SPS Commerce by 34.1% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 887,615 shares of the software maker’s stock worth $117,813,000 after acquiring an additional 225,848 shares in the last quarter. Finally, Geneva Capital Management LLC raised its position in shares of SPS Commerce by 7.5% in the 2nd quarter. Geneva Capital Management LLC now owns 619,031 shares of the software maker’s stock worth $84,244,000 after acquiring an additional 43,330 shares in the last quarter. Institutional investors 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.