Sprout Social Inc (NASDAQ:SPT) price on current trading day, rose 1.25% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $32.43.
A look at the stock’s price movement, the close in the last trading session was $32.03, moving within a range at $32.3401 and $33.48. The beta value (5-Year monthly) was 0.983. Turning to its 52-week performance, $68.41 and $25.05 were the 52-week high and 52-week low respectively. Overall, SPT moved 10.64% over the past month.
Sprout Social Inc’s market cap currently stands at around $1.86 billion, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 106.74M for the company’s revenue for the quarter, with a low and high estimate of 106.5M and 107.1M respectively. The average forecast suggests up to a 14.06% 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 405.54M, representing a 21.55% 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 Hold. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in Hold 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 6.60% and 11.55% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 62.53, while 7-day volatility ratio is 5.16% and 5.04% in the 30-day chart. Further, Sprout Social Inc (SPT) has a beta value of 1.02, and an average true range (ATR) of 1.46. Analysts have given the company’s stock an average 52-week price target of $34, forecast between a low of $28 and high of $90. Looking at the price targets, the low is 13.66% off current price level while to achieve the yearly target high, price needs to move -177.52%. Nonetheless, investors will most likely welcome a -4.84% jump to $34 which is the analysts’ median price.
If we refocus on Sprout Social Inc (NASDAQ:SPT), historical trading data shows that trading volumes averaged 0.48 over the past 10 days and 506.11K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.88 million shares.
The 14.05% of Sprout Social Inc’s shares are in the hands of company insiders while institutional holders own 96.92% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 5.26 million on 2024-11-15, giving us a short ratio of 10.1. The data shows that as of 2024-11-15 short interest in Sprout Social Inc (SPT) stood at 1170.0 of shares outstanding, with shares short rising to 5.11 million registered in 2024-10-15. Current price change has pushed the stock -47.22% 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.
