Sprout Social Inc (NASDAQ:SPT) price on Friday, April 11, fall -0.91% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $19.66.
A look at the stock’s price movement, the close in the last trading session was $19.84, moving within a range at $18.92 and $20.57. The beta value (5-Year monthly) was 1.112. Turning to its 52-week performance, $56.73 and $18.72 were the 52-week high and 52-week low respectively. Overall, SPT moved -16.59% over the past month.
Sprout Social Inc’s market cap currently stands at around $1.15 billion, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-24.
Analysts have a consensus estimate of 107.63M for the company’s revenue for the quarter, with a low and high estimate of 107.3M and 108M respectively. The average forecast suggests up to a 11.20% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 450.21M, representing a 10.92% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that SPT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 3 analyst(s) rate the stock as a Hold, 4 recommend SPT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
SPT’s current price about -13.25% and -25.28% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 30.65, while 7-day volatility ratio is 11.98% and 6.37% in the 30-day chart. Further, Sprout Social Inc (SPT) has a beta value of 1.21, and an average true range (ATR) of 1.58. Analysts have given the company’s stock an average 52-week price target of $54.5, forecast between a low of $28 and high of $150. Looking at the price targets, the low is -42.42% off current price level while to achieve the yearly target high, price needs to move -662.97%. Nonetheless, investors will most likely welcome a -177.21% jump to $54.5 which is the analysts’ median price.
If we refocus on Sprout Social Inc (NASDAQ:SPT), historical trading data shows that trading volumes averaged 1.09 over the past 10 days and 721.66K over the past 3 months. The company’s latest data on shares outstanding shows there are 51.28 million shares.
The 14.30% of Sprout Social Inc’s shares are in the hands of company insiders while institutional holders own 92.95% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 3.47 million on 2025-03-14, giving us a short ratio of 4.44. The data shows that as of 2025-03-14 short interest in Sprout Social Inc (SPT) stood at 764.0 of shares outstanding, with shares short falling to 4.98 million registered in 2025-02-14. Current price change has pushed the stock -35.98% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the SPT stock continues to rise going into the next quarter.
