Sprout Social (NASDAQ:SPT) Stock Price Up 5.4% – Still a Buy?

Sprout Social, Inc. (NASDAQ:SPT) was up 5.4% during trading on Friday . The stock traded as high as $11.66 and last traded at $11.64. 244,207 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,492,691 shares. The stock had previously closed at $11.04.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on SPT shares. KeyCorp raised their price target on shares of Sprout Social from $6.00 to $7.00 and gave the stock an “underweight” rating in a research note on Friday, August 7th. Morgan Stanley boosted their price objective on shares of Sprout Social from $10.00 to $11.00 and gave the stock an “equal weight” rating in a research report on Thursday, August 13th. Barclays boosted their price objective on shares of Sprout Social from $9.00 to $12.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Sprout Social from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 15th. Finally, Zacks Research raised shares of Sprout Social from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.43.

Sprout Social Trading Up 4.1%

The company has a market cap of $696.18 million, a P/E ratio of -22.98 and a beta of 0.97. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.14. The business has a 50 day moving average price of $8.64 and a 200-day moving average price of $7.21.

Sprout Social (NASDAQ:SPT) last released its earnings results on Thursday, August 6th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.10. Sprout Social had a negative net margin of 6.13% and a negative return on equity of 8.80%. The business had revenue of $123.85 million during the quarter, compared to analysts’ expectations of $122.19 million. Sprout Social has set its FY 2026 guidance at 1.110-1.150 EPS and its Q3 2026 guidance at 0.290-0.300 EPS. Analysts forecast that Sprout Social, Inc. will post -0.02 earnings per share for the current fiscal year.

Insider Buying and Selling at Sprout Social

In other news, insider Justyn Russell Howard sold 40,000 shares of the business’s stock in a transaction dated Friday, July 10th. The shares were sold at an average price of $8.28, for a total transaction of $331,200.00. Following the transaction, the insider directly owned 7,417 shares in the company, valued at $61,412.76. The trade was a 84.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 9.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Sprout Social

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Sprout Social by 4.2% during the fourth quarter. Vanguard Group Inc. now owns 6,822,928 shares of the company’s stock worth $76,894,000 after buying an additional 274,527 shares during the last quarter. Haveli Investment Management LLC acquired a new stake in shares of Sprout Social in the second quarter valued at approximately $16,405,033,000. State Street Corp boosted its stake in shares of Sprout Social by 8.2% during the 4th quarter. State Street Corp now owns 1,546,142 shares of the company’s stock worth $17,425,000 after acquiring an additional 117,757 shares during the period. LB Partners LLC boosted its stake in shares of Sprout Social by 144.7% during the 1st quarter. LB Partners LLC now owns 1,510,979 shares of the company’s stock worth $8,613,000 after acquiring an additional 893,502 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Sprout Social by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 1,254,451 shares of the company’s stock worth $14,141,000 after acquiring an additional 123,983 shares during the last quarter.

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.