Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
Sprout Social Inc (NASDAQ: SPT) closed the day trading at $52.16 down -1.49% from the previous closing price of $52.95. In other words, the price has decreased by -$1.49 from its previous closing price. On the day, 0.83 million shares were traded. SPT stock price reached its highest trading level at $53.5 during the session, while it also had its lowest trading level at $52.02.
Ratios:
For a better understanding of SPT, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 30.03 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 674.27. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 0.93. In the meantime, Its Debt-to-Equity ratio is 0.51 whereas as Long-Term Debt/Eq ratio is at 0.49.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, KeyBanc Capital Markets on March 21, 2024, initiated with a Overweight rating and assigned the stock a target price of $83.
On February 07, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $76.
Cantor Fitzgerald Upgraded its Neutral to Overweight on January 02, 2024, whereas the target price for the stock was revised from $48 to $74.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Apr 08 ’24 when Howard Justyn Russell sold 20,000 shares for $56.52 per share. The transaction valued at 1,130,325 led to the insider holds 0 shares of the business.
Rankin Aaron Edward Frederick sold 22,000 shares of SPT for $1,252,800 on Apr 04 ’24. The Director now owns 0 shares after completing the transaction at $56.95 per share. On Apr 04 ’24, another insider, Barretto Ryan Paul, who serves as the President of the company, sold 5,600 shares for $56.95 each. As a result, the insider received 318,936 and left with 198,175 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SPT now has a Market Capitalization of 2949001216 and an Enterprise Value of 2913635584. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.85 while its Price-to-Book (P/B) ratio in mrq is 20.34. Its current Enterprise Value per Revenue stands at 8.733 whereas that against EBITDA is -49.953.
Stock Price History:
The Beta on a monthly basis for SPT is 1.07, which has changed by -0.003819704 over the last 52 weeks, in comparison to a change of 0.2160933 over the same period for the S&P500. Over the past 52 weeks, SPT has reached a high of $68.41, while it has fallen to a 52-week low of $37.00. The 50-Day Moving Average of the stock is -12.50%, while the 200-Day Moving Average is calculated to be -4.38%.
Shares Statistics:
Over the past 3-months, SPT traded about 589.50K shares per day on average, while over the past 10 days, SPT traded about 633150 shares per day. A total of 49.24M shares are outstanding, with a floating share count of 48.14M. Insiders hold about 14.97% of the company’s shares, while institutions hold 106.59% stake in the company. Shares short for SPT as of 1711584000 were 8768874 with a Short Ratio of 14.88, compared to 1709164800 on 8691394. Therefore, it implies a Short% of Shares Outstanding of 8768874 and a Short% of Float of 20.0.
Earnings Estimates
Investors are eagerly awaiting the insights provided by 12 analysts currently analyzing and rating the stock of Sprout Social Inc (SPT).On average, analysts expect EPS of $0.01 for the current quarter, with a high estimate of $0.02 and a low estimate of $0, while EPS last year was $0.06. The consensus estimate for the next quarter is $0.04, with high estimates of $0.07 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.24 and $0.22 for the fiscal current year, implying an average EPS of $0.23. EPS for the following year is $0.53, with 11 analysts recommending between $0.79 and $0.41.
Revenue Estimates
12 analysts predict $97.31M in revenue for the current quarter. It ranges from a high estimate of $97.5M to a low estimate of $97.2M. As of the current estimate, Sprout Social Inc’s year-ago sales were $75.21M, an estimated increase of 29.40% from the year-ago figure.
A total of 13 analysts have provided revenue estimates for SPT’s current fiscal year. The highest revenue estimate was $427.43M, while the lowest revenue estimate was $425.28M, resulting in an average revenue estimate of $425.74M. In the same quarter a year ago, actual revenue was $333.64M, up 27.60% from the average estimate. Based on 12 analysts’ estimates, the company’s revenue will be $541.09M in the next fiscal year. The high estimate is $549.4M and the low estimate is $528.66M. The average revenue growth estimate for next year is up 27.10% from the average revenue estimate for this year.
