Sprout Social (NASDAQ:SPT) Given New $8.00 Price Target at Barclays

Sprout Social (NASDAQ:SPT) had its target price reduced by Barclays from $9.00 to $8.00 in a research report released on Tuesday morning,Benzinga reports. Barclays currently has an overweight rating on the stock.

SPT has been the topic of several other research reports. Canaccord Genuity Group restated a “hold” rating and issued a $9.00 price target (down from $16.00) on shares of Sprout Social in a research report on Friday, February 27th. Needham & Company LLC reduced their price target on shares of Sprout Social from $32.00 to $14.00 and set a “buy” rating on the stock in a research report on Friday, February 27th. Weiss Ratings restated a “sell (e+)” rating on shares of Sprout Social in a research report on Thursday, January 22nd. KeyCorp reduced their price target on shares of Sprout Social from $9.00 to $6.00 and set an “underweight” rating on the stock in a research report on Friday, February 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Sprout Social from $13.00 to $8.00 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Four investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Sprout Social has an average rating of “Hold” and a consensus target price of $13.11.

Sprout Social Trading Up 3.3%

Sprout Social stock opened at $5.97 on Tuesday. The stock has a market cap of $355.57 million, a P/E ratio of -8.07 and a beta of 1.00. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.93 and a quick ratio of 0.93. Sprout Social has a 1 year low of $4.92 and a 1 year high of $25.48. The firm’s 50 day moving average price is $6.11 and its 200-day moving average price is $8.84.

Sprout Social (NASDAQ:SPT) last released its quarterly earnings data on Thursday, February 26th. The company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.04. Sprout Social had a negative net margin of 9.47% and a negative return on equity of 16.10%. The firm had revenue of $120.89 million for the quarter, compared to analysts’ expectations of $118.68 million. Sprout Social has set its FY 2026 guidance at 0.880-0.970 EPS and its Q1 2026 guidance at 0.150-0.160 EPS. On average, equities analysts predict that Sprout Social will post -0.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of Sprout Social stock in a transaction on Friday, April 10th. The shares were sold at an average price of $5.03, for a total transaction of $201,200.00. Following the completion of the transaction, the insider directly owned 7,417 shares of the company’s stock, valued at $37,307.51. The trade was a 84.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 103,855 shares of company stock worth $600,860 over the last ninety days. 9.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SPT. Topline Capital Management LLC purchased a new position in Sprout Social during the third quarter worth $17,555,000. Cubist Systematic Strategies LLC boosted its stake in Sprout Social by 739.6% during the second quarter. Cubist Systematic Strategies LLC now owns 714,089 shares of the company’s stock worth $14,932,000 after buying an additional 629,033 shares during the period. Canada Pension Plan Investment Board boosted its stake in Sprout Social by 20,382.0% during the second quarter. Canada Pension Plan Investment Board now owns 471,087 shares of the company’s stock worth $9,850,000 after buying an additional 468,787 shares during the period. Readystate Asset Management LP purchased a new position in Sprout Social during the fourth quarter worth $4,830,000. Finally, ArrowMark Colorado Holdings LLC boosted its stake in Sprout Social by 9.8% during the third quarter. ArrowMark Colorado Holdings LLC now owns 4,723,921 shares of the company’s stock worth $61,033,000 after buying an additional 421,189 shares during the period.

About Sprout Social

Sprout Social (NASDAQ: SPT) is a Chicago-based software company specializing in social media management solutions for businesses of all sizes. The company provides a cloud-based platform designed to help organizations improve their social media presence through a suite of tools for content scheduling, community engagement, social listening and analytics. Sprout Social’s platform is built to streamline the workflows of marketing, customer care and public relations teams by providing a centralized hub for managing multiple social channels.

The company’s product offerings include publishing and scheduling capabilities that allow users to plan and automate social content across networks such as Facebook, Instagram, Twitter, LinkedIn and Pinterest.