SPS Commerce, Inc. (NASDAQ:SPSC) Given Average Recommendation of “Hold” by Analysts

Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $99.2222.

A number of equities research analysts have issued reports on SPSC shares. Morgan Stanley set a $100.00 target price on shares of SPS Commerce and gave the company an “equal weight” rating in a report on Tuesday, November 11th. Weiss Ratings reiterated a “sell (d+)” rating on shares of SPS Commerce in a research report on Thursday, January 22nd. Stifel Nicolaus reissued a “hold” rating and set a $80.00 price objective (down previously from $150.00) on shares of SPS Commerce in a report on Friday, October 31st. DA Davidson cut their target price on SPS Commerce from $125.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, October 31st. Finally, Northland Securities set a $109.00 price target on SPS Commerce in a research report on Friday, October 31st.

Insider Buying and Selling

In related news, Director Marty M. Reaume sold 1,732 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $92.26, for a total transaction of $159,794.32. Following the sale, the director owned 9,158 shares of the company’s stock, valued at approximately $844,917.08. This represents a 15.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.98% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in SPSC. Salomon & Ludwin LLC bought a new position in shares of SPS Commerce during the 3rd quarter valued at about $28,000. NewEdge Advisors LLC boosted its stake in SPS Commerce by 545.7% in the first quarter. NewEdge Advisors LLC now owns 226 shares of the software maker’s stock worth $30,000 after buying an additional 191 shares in the last quarter. Advisory Services Network LLC bought a new position in SPS Commerce during the third quarter valued at approximately $32,000. Global Retirement Partners LLC raised its stake in shares of SPS Commerce by 2,130.0% during the fourth quarter. Global Retirement Partners LLC now owns 446 shares of the software maker’s stock worth $40,000 after acquiring an additional 426 shares in the last quarter. Finally, Pilgrim Partners Asia Pte Ltd bought a new stake in shares of SPS Commerce in the 3rd quarter worth approximately $48,000. Institutional investors own 98.96% of the company’s stock.

SPS Commerce Stock Down 0.9%

NASDAQ SPSC opened at $74.83 on Wednesday. The firm has a market cap of $2.82 billion, a P/E ratio of 33.56 and a beta of 0.56. The company’s 50 day moving average is $88.46 and its 200-day moving average is $97.94. SPS Commerce has a 12-month low of $73.05 and a 12-month high of $172.00.

SPS Commerce Company Profile

SPS Commerce, Inc is a leading provider of cloud-based supply chain management solutions that enable seamless collaboration between retailers, suppliers and logistics providers. Through its robust network, SPS Commerce connects trading partners with electronic data interchange (EDI) capabilities, helping businesses automate order processing, inventory management and fulfillment workflows. The company’s platform ensures data accuracy, accelerates order-to-cash cycles and reduces manual intervention, supporting a wide range of industries including retail, grocery, consumer goods and automotive.

The company offers a suite of services encompassing EDI, retail-ready compliance, order management and data analytics.