SPS Commerce (NASDAQ:SPSC) will be announcing its earnings results after the market closes on Monday, February 5th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
SPS Commerce (NASDAQ:SPSC) opened at $51.85 on Friday. The firm has a market cap of $906.00 and a price-to-earnings ratio of 105.82. SPS Commerce has a 1-year low of $45.02 and a 1-year high of $69.11.
SPS Commerce declared that its board has authorized a stock repurchase program on Thursday, November 2nd that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the software maker to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.
Several research analysts have recently weighed in on SPSC shares. Oppenheimer reaffirmed a “buy” rating and issued a $62.00 price target on shares of SPS Commerce in a report on Thursday, January 25th. ValuEngine cut shares of SPS Commerce from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. BidaskClub cut shares of SPS Commerce from a “sell” rating to a “strong sell” rating in a report on Thursday, December 7th. Zacks Investment Research raised shares of SPS Commerce from a “hold” rating to a “strong-buy” rating and set a $56.00 price target on the stock in a report on Wednesday, November 1st. Finally, Stifel Nicolaus decreased their price target on shares of SPS Commerce from $75.00 to $68.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $68.00.
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About SPS Commerce
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions, providing network-proven fulfillment, sourcing and item assortment management solutions, along with retail performance analytics. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that manages the way suppliers, retailers, distributors and logistics firms orchestrate the sourcing, set up of new vendors and items, and fulfillment of products that customers buy from retailers and suppliers.
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