Sprout Social (NASDAQ:SPT) Issues Q4 2024 Earnings Guidance

Sprout Social (NASDAQ:SPT) updated its fourth quarter 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.150-0.160 for the period, compared to the consensus EPS estimate of 0.160. The company issued revenue guidance of $106.3 million-$107.1 million, compared to the consensus revenue estimate of $107.4 million. Sprout Social also updated its FY 2024 guidance to 0.460-0.470 EPS.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SPT. Barclays lowered their price target on shares of Sprout Social from $48.00 to $38.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Needham & Company LLC reiterated a “buy” rating and set a $55.00 price target on shares of Sprout Social in a research report on Friday. Oppenheimer lowered their price target on shares of Sprout Social from $43.00 to $40.00 and set an “outperform” rating for the company in a research report on Thursday, October 24th. Cantor Fitzgerald reissued an “overweight” rating and set a $46.00 price objective on shares of Sprout Social in a research note on Friday, August 2nd. Finally, Robert W. Baird lifted their price objective on shares of Sprout Social from $38.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $48.00.

Sprout Social Stock Down 13.8 %

Shares of SPT stock traded down $4.29 during trading on Friday, reaching $26.71. The company’s stock had a trading volume of 1,504,473 shares, compared to its average volume of 401,026. The business has a fifty day moving average price of $28.13 and a 200-day moving average price of $32.39. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.98 and a current ratio of 0.98. Sprout Social has a one year low of $25.05 and a one year high of $68.41.

Sprout Social (NASDAQ:SPT) last announced its quarterly earnings data on Thursday, November 7th. The company reported ($0.28) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.06). The business had revenue of $102.64 million during the quarter, compared to the consensus estimate of $102.04 million. Sprout Social had a negative return on equity of 41.65% and a negative net margin of 17.24%. Analysts predict that Sprout Social will post -0.9 EPS for the current year.

Insider Transactions at Sprout Social

In related news, Director Aaron Edward Frederick Rankin sold 1,181 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total transaction of $34,520.63. Following the transaction, the director now directly owns 42,122 shares in the company, valued at approximately $1,231,226.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Aaron Edward Frederick Rankin sold 1,181 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $29.23, for a total value of $34,520.63. Following the completion of the sale, the director now owns 42,122 shares of the company’s stock, valued at approximately $1,231,226.06. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Ryan Paul Barretto sold 16,800 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $28.25, for a total transaction of $474,600.00. Following the completion of the sale, the chief executive officer now directly owns 170,175 shares of the company’s stock, valued at approximately $4,807,443.75. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 62,882 shares of company stock valued at $1,801,351 over the last 90 days. 10.97% of the stock is owned by corporate insiders.

About Sprout Social

Sprout Social, Inc designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company provides cloud software for social messaging, data and workflows in a unified system of record, intelligence, and action.