After finishing at $57.93 in the prior trading day, Sprout Social Inc (NASDAQ: SPT) closed at $56.19, down -3.00%. In other words, the price has decreased by -$1.74 from its previous closing price. On the day, 530424 shares were traded. SPT stock price reached its highest trading level at $58.36 during the session, while it also had its lowest trading level at $55.85.
Ratios:
Our goal is to gain a better understanding of SPT by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 32.14 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 721.62. 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, Jefferies on February 07, 2024, initiated with a Buy rating and assigned the stock a target price of $76.
On January 02, 2024, Cantor Fitzgerald Upgraded its rating to Overweight which previously was Neutral and also upped its target price recommendation from $48 to $74.
On October 11, 2023, Stephens started tracking the stock assigning a Overweight rating and target price of $78.Stephens initiated its Overweight rating on October 11, 2023, with a $78 target price.
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 Mar 07 ’24 when Howard Justyn Russell sold 40,000 shares for $58.36 per share. The transaction valued at 2,334,530 led to the insider holds 0 shares of the business.
Howard Justyn Russell sold 20,000 shares of SPT for $1,184,288 on Mar 06 ’24. The Chairman and CEO now owns 0 shares after completing the transaction at $59.21 per share. On Mar 04 ’24, another insider, Barretto Ryan Paul, who serves as the President of the company, sold 28,755 shares for $64.02 each. As a result, the insider received 1,840,981 and left with 430,163 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 3.16B and an Enterprise Value of 3.14B. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.47 while its Price-to-Book (P/B) ratio in mrq is 21.91. Its current Enterprise Value per Revenue stands at 9.40 whereas that against EBITDA is -57.24.
Stock Price History:
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 61.41, while the 200-Day Moving Average is calculated to be 53.28.
Shares Statistics:
The stock has traded on average 595.82K shares per day over the past 3-months and 508.54k shares per day over the last 10 days, according to various share statistics. A total of 49.24M shares are outstanding, with a floating share count of 48.01M. Insiders hold about 14.64% of the company’s shares, while institutions hold 107.30% stake in the company. Shares short for SPT as of Feb 29, 2024 were 8.69M with a Short Ratio of 14.59, compared to 9.1M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.45% and a Short% of Float of 17.86%.
Earnings Estimates
Its stock is currently analyzed by 12 different market analysts. 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
11 analysts predict $97.32M 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 12 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 $425.76M. In the same quarter a year ago, actual revenue was $333.64M, up 27.60% from the average estimate. Based on 11 analysts’ estimates, the company’s revenue will be $541.29M 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.
