SPS Commerce, Inc. (NASDAQ:SPSC) has received an average rating of “Hold” from the eleven research firms that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $68.17.
Several research firms recently commented on SPSC. ValuEngine raised shares of SPS Commerce from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. BidaskClub raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Canaccord Genuity cut their target price on shares of SPS Commerce from $62.00 to $57.00 and set a “hold” rating for the company in a research note on Wednesday, February 7th. Zacks Investment Research lowered shares of SPS Commerce from a “hold” rating to a “sell” rating in a research note on Friday, February 9th. Finally, Oppenheimer reissued a “buy” rating and set a $62.00 target price on shares of SPS Commerce in a research note on Thursday, January 25th.
SPS Commerce (NASDAQ SPSC) traded up $0.09 during mid-day trading on Friday, reaching $62.59. 183,792 shares of the company traded hands, compared to its average volume of 144,231. SPS Commerce has a fifty-two week low of $45.02 and a fifty-two week high of $64.85. The firm has a market capitalization of $1,080.58, a price-to-earnings ratio of -447.07, a PEG ratio of 3.36 and a beta of 0.91.
SPS Commerce (NASDAQ:SPSC) last released its earnings results on Tuesday, February 6th. The software maker reported $0.25 EPS for the quarter, beating the consensus estimate of $0.21 by $0.04. SPS Commerce had a negative net margin of 1.11% and a positive return on equity of 2.81%. The business had revenue of $58.20 million during the quarter, compared to analyst estimates of $57.47 million. During the same period in the prior year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 13.9% on a year-over-year basis. sell-side analysts predict that SPS Commerce will post 0.87 earnings per share for the current year.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. lifted its position in shares of SPS Commerce by 1.8% in the 4th quarter. BlackRock Inc. now owns 2,120,517 shares of the software maker’s stock valued at $103,037,000 after acquiring an additional 37,925 shares in the last quarter. Ruane Cunniff & Goldfarb Inc. increased its stake in SPS Commerce by 50.3% in the 3rd quarter. Ruane Cunniff & Goldfarb Inc. now owns 765,318 shares of the software maker’s stock valued at $43,401,000 after buying an additional 256,117 shares during the period. Banbury Partners LLC increased its stake in SPS Commerce by 5.9% in the 3rd quarter. Banbury Partners LLC now owns 511,882 shares of the software maker’s stock valued at $29,029,000 after buying an additional 28,689 shares during the period. Wells Fargo & Company MN increased its stake in SPS Commerce by 56.4% in the 4th quarter. Wells Fargo & Company MN now owns 484,882 shares of the software maker’s stock valued at $23,561,000 after buying an additional 174,924 shares during the period. Finally, Conestoga Capital Advisors LLC increased its stake in SPS Commerce by 17.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 415,646 shares of the software maker’s stock valued at $20,196,000 after buying an additional 61,980 shares during the period. Institutional investors and hedge funds own 98.26% of the company’s stock.
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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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