SPS Commerce, Inc. (SPSC) was initiated yesterday with coverage from the research analysts at Barrington Research. Barrington begins this new coverage of SPS Commerce with an initial price target set at $18.50 and rates performance of SPSC as “outperform.” Barrington noted that SPS Commerce has a compounded annual growth rate of roughly 20% over the span of three years and expects revenue to keep growing along this rate.
SPSC has trended with a high amount of volatility through most of 2011 so far. There has been little definitive direction as whipsaw price action is one way to characterize SPSC’s trending behavior. Shares of the company have largely ignored support and resistance theories of common moving averages as well.
SPS Commerce is slated to release their next earnings report on July 28th, 2011, and is estimated to post EPS of 4 cents. Their last earnings report was released on April 28th, 2011 and announced EPS of 6 cents with revenue totaling $12.6 million which was up 23.5 % year to year. SPSC is currently trading between its 50 & 200-day moving averages and 2011 is currently an up down year for the company.
SPS Commerce, Inc. is a leading provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to thousands of customers worldwide. The company has market capitalization of $191,495,360 and 11,872,000 shares outstanding. SPSC has a 52-week high of $18.50 with the low being $8.45 dollars.
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