EVR Research LP Takes Position in Sprout Social, Inc. $SPT

EVR Research LP acquired a new stake in shares of Sprout Social, Inc. (NASDAQ:SPT) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 300,000 shares of the company’s stock, valued at approximately $3,381,000. Sprout Social comprises approximately 1.8% of EVR Research LP’s holdings, making the stock its 21st biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. Quadrant Capital Group LLC bought a new position in shares of Sprout Social during the fourth quarter valued at about $28,000. Quarry LP lifted its position in shares of Sprout Social by 264.2% during the third quarter. Quarry LP now owns 3,784 shares of the company’s stock valued at $49,000 after purchasing an additional 2,745 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Sprout Social during the fourth quarter valued at about $54,000. Russell Investments Group Ltd. lifted its position in shares of Sprout Social by 39.1% during the fourth quarter. Russell Investments Group Ltd. now owns 6,235 shares of the company’s stock valued at $70,000 after purchasing an additional 1,752 shares in the last quarter. Finally, CWM LLC lifted its position in shares of Sprout Social by 147.4% during the fourth quarter. CWM LLC now owns 9,183 shares of the company’s stock valued at $103,000 after purchasing an additional 5,471 shares in the last quarter.

Analyst Upgrades and Downgrades

SPT has been the topic of a number of recent analyst reports. Needham & Company LLC dropped 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. Canaccord Genuity Group reissued a “hold” rating and set a $9.00 price target (down from $16.00) on shares of Sprout Social in a research report on Friday, February 27th. KeyCorp dropped 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. The Goldman Sachs Group dropped 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. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Sprout Social in a research report on Tuesday, April 21st. Four research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $11.88.

Sprout Social Stock Performance

Shares of SPT stock opened at $6.86 on Thursday. The firm has a market cap of $412.05 million, a price-to-earnings ratio of -10.39 and a beta of 1.02. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. Sprout Social, Inc. has a 52 week low of $4.92 and a 52 week high of $21.63. The firm’s 50-day simple moving average is $6.49 and its two-hundred day simple moving average is $7.80.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.16 by $0.07. The business had revenue of $121.50 million for the quarter, compared to analyst estimates of $120.33 million. Sprout Social had a negative net margin of 8.18% and a negative return on equity of 13.90%. Sprout Social has set its Q2 2026 guidance at 0.150-0.160 EPS and its FY 2026 guidance at 0.880-0.970 EPS. As a group, equities analysts forecast that Sprout Social, Inc. will post -0.31 earnings per share for the current 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 dated Friday, April 10th. The shares were sold at an average price of $5.03, for a total value of $201,200.00. Following the sale, the insider owned 7,417 shares of the company’s stock, valued at approximately $37,307.51. The trade was a 84.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 9.60% of the company’s stock.

Sprout Social Profile

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.