SPS Commerce (NASDAQ:SPSC) was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Friday.
A number of other equities analysts have also recently issued reports on SPSC. Zacks Investment Research cut SPS Commerce from a “buy” rating to a “hold” rating in a report on Thursday, December 28th. ValuEngine cut SPS Commerce from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Oppenheimer restated a “buy” rating and set a $62.00 price target on shares of SPS Commerce in a report on Thursday, January 25th. Finally, Canaccord Genuity cut their price target on SPS Commerce from $62.00 to $57.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $66.43.
SPS Commerce stock opened at $64.40 on Friday. The company has a market cap of $1,110.96, a price-to-earnings ratio of 143.11, a price-to-earnings-growth ratio of 3.45 and a beta of 0.79. SPS Commerce has a 52-week low of $45.02 and a 52-week high of $65.29.
Large investors have recently modified their holdings of the company. Zions Bancorporation acquired a new position in shares of SPS Commerce during the third quarter worth approximately $117,000. SG Americas Securities LLC acquired a new position in shares of SPS Commerce during the third quarter worth approximately $125,000. Magnetar Financial LLC acquired a new position in shares of SPS Commerce during the third quarter worth approximately $203,000. Trexquant Investment LP acquired a new position in shares of SPS Commerce during the third quarter worth approximately $245,000. Finally, Koch Industries Inc. acquired a new position in shares of SPS Commerce during the fourth quarter worth approximately $240,000. 98.26% of the stock is currently owned by institutional investors.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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