At the last check on Monday, Sprout Social Inc.’s (NASDAQ:SPT) stock was down -$6.57, moving down -12.31 percent to $46.81. The average number of shares traded per day over the past five days has been 894,820 shares. 1 time new highs have been achieved over the past 5 days, with a -$8.87 fall in that time frame. In the last twenty days, the average volume was 729,060, while in the previous 50 days, it was 724,022.
Since last month, SPT stock retreated -1.04%. Shares of the company fell to $44.58 on 08/04/23, the lowest level in the past month. A 52-week high of $74.07 was reached on 02/02/23 after having rallying from a 52-week low of $37.00. Since the beginning of this year, SPT’s stock price has dropped by -17.09% or -$9.65, and marked a new high 8 times. However, the stock has declined by -36.80% since its 52-week high.
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SPT stock investors should be aware that Sprout Social Inc. (SPT) stock had its last reported insider trading activity 3 days ago on Aug 02. Del Preto Joseph, the CFO and Treasurer of the company, disposed of 492 shares for $53.66 on Aug 02. It resulted in a $26,399 divestment by the insider. Rankin Aaron Edward Frederick sold 18,000 shares at an average price of $55.24 on Jul 17. The insider now owns 0 shares following the transaction. On Jul 06, CFO and Treasurer Del Preto Joseph sold 1,500 shares at $46.55 apiece. The transaction was valued at $69,825.
Valuation Metrics
The stock’s beta is 0.92. Besides these, the trailing price-to-sales (P/S) ratio of 9.44, the price-to-book (PB) ratio of 17.87, and the price-to-cash flow ratio of 219.05 may also be considered.
Financial Health
In the three months ended June 29, Sprout Social Inc.’s quick ratio stood at 1.70, while its current ratio was 1.70, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 76.90% percent. In the year ended June 29, EBITDA margin amounted to -18.42%, whereas operating margins totaled -19.90%. Based on annual data, SPT earned $193.97 million in gross profit and brought in $253.83 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -36.60%. Return on equity (ROE) for the past 12 months was -35.70%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. SPT’s revenue rose 23.64% to $69.66 million during the quarter, while net income inched up to $75.21 million. While analysts expected Sprout Social Inc. to report -$0.02 quarterly earnings, the actual figure was $0.07 per share. During the quarter, the company generated -$5.53 million in EBITDA. The liabilities of Sprout Social Inc. were 164.86 million at the end of its most recent quarter ended June 29. The value of shareholders’ equity is $55.4 million.
Technical Picture
This quick technical analysis looks at Sprout Social Inc.’s (SPT) price momentum. With a historical volatility rate of 85.30%, the RSI 9-day stood at 31.99% on 04 August.
With respect to its five-day moving average, the current Sprout Social Inc. price is down by -15.93% percent or -$8.87. At present, SPT shares trade -1.43% below its 20-day simple moving average and -18.75% percent below its 100-day simple moving average. However, the stock is currently trading approximately +3.42% above its SMA50 and -22.22% below its SMA200.
Stochastic coefficient K was 21.22% and Stochastic coefficient D was 38.33%, while ATR was 3.26. Given the Stochastic reading of 15.83% for the 14-day period, the RSI (14) reading has been calculated as 38.78%. As of today, the MACD Oscillator reading stands at -3.15, while the 14-day reading stands at -3.06.
Analyst Ratings
Goldman launched its rating on Sprout Social Inc. (NASDAQ: SPT) to a Buy in a note to investors on July 06, 2023. Sprout Social Inc. (SPT) has been rated Buy by analysts. According to 0 brokerage firms, SPT is a sell, and 2 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Sprout Social Inc. stock as buy, with 9 recommending it as overweight.
With a median target price of $60.50, the current consensus forecast for the stock is $44.00 – $75.00. Based on these forecasts, analysts predict Sprout Social Inc. (SPT) will achieve an average price target of $61.00.
