Tomorrow Is Not Likely To Be Same For Sprout Social Inc (SPT)

Sprout Social Inc (SPT) concluded trading on Thursday at a closing price of $59.71, with 0.44 million shares of worth about $26.53 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 25.65% during that period and on March 28, 2024 the price saw a loss of about -0.60%. Currently the company’s common shares owned by public are about 49.24M shares, out of which, 48.03M shares are available for trading.

Stock saw a price change of 0.08% in past 5 days and over the past one month there was a price change of -1.21%. Year-to-date (YTD), SPT shares are showing a performance of -2.82% which increased to 4.48% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $37.00 but also hit the highest price of $68.41 during that period. The average intraday trading volume for Sprout Social Inc shares is 587.03K. The stock is currently trading 1.46% above its 20-day simple moving average (SMA20), while that difference is down -2.53% for SMA50 and it goes to 10.57% higher than SMA200.

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Sprout Social Inc (NASDAQ: SPT) currently have 49.24M outstanding shares and institutions hold larger chunk of about 107.30% of that.

The stock has a current market capitalization of $3.36B and its 3Y-monthly beta is at 1.04. It has posted earnings per share of -$1.19 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.51. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for SPT, volatility over the week remained 3.85% while standing at 3.96% over the month.

Analysts are in expectations that Sprout Social Inc (SPT) stock would likely to be making an EPS of $0.01 in the current quarter, while forecast for next quarter EPS is $0.04 and it is $0.53 for next year. For the current quarter EPS, analysts have given the company a lowest target $0 which is $0.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.06 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 62.50% while it is estimated to increase by 135.36% in next year.

Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by KeyBanc Capital Markets on March 21, 2024 offering an Overweight rating for the stock and assigned a target price of $83 to it. Coverage by Jefferies stated Sprout Social Inc (SPT) stock as a Buy in their note to investors on February 07, 2024, suggesting a price target of $76 for the stock. On January 02, 2024, Cantor Fitzgerald Upgrade their recommendations, while on October 11, 2023, Stephens Initiated their ratings for the stock with a price target of $78. Stock get a Buy rating from Goldman on July 06, 2023.

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