Sprout Social (NASDAQ:SPT) Stock Price Up 6.3% – Should You Buy?

Sprout Social, Inc. (NASDAQ:SPT)’s share price was up 6.3% during trading on Wednesday . The company traded as high as $8.96 and last traded at $9.0170. 142,906 shares changed hands during mid-day trading, a decline of 91% from the average daily volume of 1,551,129 shares. The stock had previously closed at $8.48.

Wall Street Analysts Forecast Growth

SPT has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Sprout Social in a research report on Tuesday, April 21st. Barclays increased their price objective on shares of Sprout Social from $8.00 to $9.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Four investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $11.88.

Sprout Social Stock Up 2.2%

The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $520.85 million, a P/E ratio of -13.13 and a beta of 0.99. The firm’s fifty day moving average is $7.20 and its 200-day moving average is $7.36.

Sprout Social (NASDAQ:SPT) last posted its earnings results 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 the consensus estimate 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 research analysts predict that Sprout Social, Inc. will post -0.31 EPS for the current year.

Insiders Place Their Bets

In other Sprout Social news, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction that occurred on Friday, July 10th. The stock was sold at an average price of $8.28, for a total transaction of $331,200.00. Following the completion of the sale, the insider directly owned 7,417 shares of the company’s stock, valued at approximately $61,412.76. The trade was a 84.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 9.60% of the company’s stock.

Institutional Investors Weigh In On Sprout Social

Several large investors have recently modified their holdings of SPT. Brighton Jones LLC boosted its stake in Sprout Social by 391.7% in the 4th quarter. Brighton Jones LLC now owns 35,985 shares of the company’s stock worth $1,105,000 after purchasing an additional 28,667 shares during the period. AQR Capital Management LLC bought a new position in shares of Sprout Social in the first quarter worth $365,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Sprout Social by 2.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,127 shares of the company’s stock worth $1,168,000 after buying an additional 1,265 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Sprout Social by 23.0% during the first quarter. Goldman Sachs Group Inc. now owns 325,750 shares of the company’s stock worth $7,163,000 after buying an additional 60,947 shares in the last quarter. Finally, Empowered Funds LLC bought a new position in Sprout Social in the 1st quarter worth about $325,000.

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.