SPS Commerce (NASDAQ:SPSC) Price Target Lowered to $76.00 at Citigroup

SPS Commerce (NASDAQ:SPSC) had its price target dropped by equities researchers at Citigroup from $84.00 to $76.00 in a note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the software maker’s stock. Citigroup’s price objective suggests a potential upside of 32.19% from the company’s previous close.

SPSC has been the topic of several other reports. Robert W. Baird set a $86.00 price target on SPS Commerce in a research note on Friday, February 13th. Rothschild & Co Redburn set a $60.00 price target on SPS Commerce and gave the company a “neutral” rating in a research note on Thursday, April 16th. Wall Street Zen lowered SPS Commerce from a “buy” rating to a “hold” rating in a research note on Monday. Craig Hallum lowered SPS Commerce from a “buy” rating to a “hold” rating and set a $70.00 price target on the stock. in a research note on Friday, February 13th. Finally, DA Davidson dropped their price target on SPS Commerce from $65.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.45.

SPS Commerce Stock Down 2.4%

SPSC traded down $1.43 during trading on Monday, hitting $57.50. The company’s stock had a trading volume of 438,291 shares, compared to its average volume of 724,705. SPS Commerce has a twelve month low of $50.55 and a twelve month high of $153.16. The stock’s fifty day moving average price is $57.17 and its 200-day moving average price is $76.76. The firm has a market capitalization of $2.13 billion, a P/E ratio of 23.96 and a beta of 0.58.

SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings results on Thursday, April 30th. The software maker reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.13. SPS Commerce had a return on equity of 12.43% and a net margin of 11.92%.The firm had revenue of $192.12 million for the quarter, compared to analyst estimates of $192.51 million. During the same period in the previous year, the firm earned $1.00 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. SPS Commerce has set its FY 2026 guidance at 4.730-4.760 EPS and its Q2 2026 guidance at 1.060-1.090 EPS. Equities research analysts expect that SPS Commerce will post 3.29 EPS for the current fiscal year.

Insider Transactions at SPS Commerce

In other news, CEO Chadwick Collins sold 13,384 shares of the business’s stock in a transaction that occurred on Friday, February 20th. The stock was sold at an average price of $58.66, for a total transaction of $785,105.44. Following the completion of the sale, the chief executive officer owned 72,241 shares in the company, valued at $4,237,657.06. The trade was a 15.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Marty M. Reaume sold 1,000 shares of SPS Commerce stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of $57.90, for a total value of $57,900.00. Following the transaction, the director owned 9,158 shares of the company’s stock, valued at $530,248.20. This trade represents a 9.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 24,102 shares of company stock worth $1,425,328. Insiders own 0.98% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

A number of hedge funds have recently added to or reduced their stakes in SPSC. Salomon & Ludwin LLC bought a new stake in SPS Commerce during the third quarter worth $28,000. NewEdge Advisors LLC grew its holdings in SPS Commerce by 545.7% during 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 stake in SPS Commerce during the third quarter worth $32,000. Global Retirement Partners LLC grew its holdings in 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 buying an additional 426 shares in the last quarter. Finally, Summit Securities Group LLC bought a new stake in SPS Commerce during the fourth quarter worth $45,000. Institutional investors and hedge funds own 98.96% of the company’s stock.

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.