Sprout Social (NASDAQ:SPT) Updates FY 2021 After-Hours Earnings Guidance


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Sprout Social (NASDAQ:SPT) updated its FY 2021
After-Hours earnings guidance on Tuesday. The company provided earnings per share guidance of -0.4–0.37 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.4. The company issued revenue guidance of $172-173 million, compared to the consensus revenue estimate of $167.49 million.Sprout Social also updated its Q1 2021
After-Hours guidance to -0.11–0.1 EPS.

Several analysts have issued reports on the company. Needham & Company LLC boosted their price target on Sprout Social from $46.00 to $52.00 and gave the company a buy rating in a report on Tuesday, November 10th. BTIG Research upped their price objective on Sprout Social from $55.00 to $71.00 and gave the stock a buy rating in a research note on Tuesday, January 19th. KeyCorp upped their price objective on Sprout Social from $33.00 to $55.00 and gave the stock an overweight rating in a research note on Tuesday, November 10th. Canaccord Genuity upped their price objective on Sprout Social from $34.00 to $50.00 and gave the stock a buy rating in a research note on Tuesday, November 10th. Finally, Morgan Stanley lowered Sprout Social from an overweight rating to an equal weight rating and upped their price objective for the stock from $34.00 to $51.00 in a research note on Tuesday, November 17th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $45.50.

Shares of NASDAQ:SPT traded down $2.54 during mid-day trading on Tuesday, reaching $67.65. The stock had a trading volume of 783,217 shares, compared to its average volume of 517,666. The company has a market cap of $3.58 billion and a P/E ratio of -43.60. Sprout Social has a 1 year low of $10.54 and a 1 year high of $82.47. The business’s 50 day moving average price is $64.83 and its 200 day moving average price is $52.41.

In other Sprout Social news, CFO Preto Joseph Del sold 2,619 shares of the company’s stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $64.88, for a total transaction of $169,920.72. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Jamie Cannon Gilpin sold 1,278 shares of the company’s stock in a transaction that occurred on Wednesday, February 17th. The shares were sold at an average price of $77.97, for a total value of $99,645.66. The disclosure for this sale can be found here. Insiders sold 145,073 shares of company stock worth $8,142,582 over the last quarter.

Sprout Social Company Profile

Sprout Social, Inc designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows.

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