Sprout Social Inc (NASDAQ:SPT) price on current trading day, rose 3.08% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $28.09.
A look at the stock’s price movement, the close in the last trading session was $27.25. Turning to its 52-week performance, $65.32 and $25.05 were the 52-week high and 52-week low respectively. Overall, SPT moved -16.00% over the past month.
Sprout Social Inc’s market cap currently stands at around $1.61 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 107.62M 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 11.19% 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 450.13M, representing a 10.89% 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 50% Sell. On the other hand, the stock is on average a 50% Buy 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 -10.34% and -12.26% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 33.23, while 7-day volatility ratio is 5.61% and 5.08% in the 30-day chart. Further, Sprout Social Inc (SPT) has a beta value of 1.10, and an average true range (ATR) of 1.52. Analysts have given the company’s stock an average 52-week price target of $34, forecast between a low of $34 and high of $34. Looking at the price targets, the low is -21.04% off current price level while to achieve the yearly target high, price needs to move -21.04%. Nonetheless, investors will most likely welcome a -21.04% 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 550.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 54.22 million shares.
The 13.79% of Sprout Social Inc’s shares are in the hands of company insiders while institutional holders own 94.46% of the company’s shares. Current price change has pushed the stock -8.53% 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.
