Sprout Social Inc (NASDAQ: SPT)’s stock price has gone decline by -1.87 in comparison to its previous close of 28.82, however, the company has experienced a -45.65% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-05-03 that Sprout Social (NASDAQ: SPT ) stock is falling on Friday after the social media management company announced earnings results for the first quarter of 2024. Holding back Sprout Social stock this morning is its revenue of $96.78 million.
Is It Worth Investing in Sprout Social Inc (NASDAQ: SPT) Right Now?
The stock has a 36-month beta value of 1.07. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for SPT is 48.14M, and at present, short sellers hold a 18.23% of that float. On May 07, 2024, the average trading volume of SPT was 841.71K shares.
SPT’s Market Performance
The stock of Sprout Social Inc (SPT) has seen a -45.65% decrease in the past week, with a -49.41% drop in the past month, and a -52.31% fall in the past quarter. The volatility ratio for the week is 9.71%, and the volatility levels for the past 30 days are at 5.04% for SPT. The simple moving average for the last 20 days is -45.40% for SPT’s stock, with a simple moving average of -48.07% for the last 200 days.
Analysts’ Opinion of SPT
Robert W. Baird, on the other hand, stated in their research note that they expect to see SPT reach a price target of $45, previously predicting the price at $72. The rating they have provided for SPT stocks is “Neutral” according to the report published on May 03rd, 2024.
Piper Sandler gave a rating of “Neutral” to SPT, setting the target price at $40 in the report published on May 03rd of the current year.
SPT Trading at -49.56% from the 50-Day Moving Average
After a stumble in the market that brought SPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -58.66% of loss for the given period.
Volatility was left at 5.04%, however, over the last 30 days, the volatility rate increased by 9.71%, as shares sank -50.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -55.69% lower at present.
During the last 5 trading sessions, SPT fell by -45.65%, which changed the moving average for the period of 200-days by -46.34% in comparison to the 20-day moving average, which settled at $50.35. In addition, Sprout Social Inc saw -53.97% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SPT starting from Howard Justyn Russell, who sale 20,000 shares at the price of $56.52 back on Apr 08 ’24. After this action, Howard Justyn Russell now owns 0 shares of Sprout Social Inc, valued at $1,130,325 using the latest closing price.
Rankin Aaron Edward Frederick, the Director of Sprout Social Inc, sale 22,000 shares at $56.95 during a trade that took place back on Apr 04 ’24, which means that Rankin Aaron Edward Frederick is holding 0 shares at $1,252,800 based on the most recent closing price.
Stock Fundamentals for SPT
Current profitability levels for the company are sitting at:
- -0.2 for the present operating margin
- 0.77 for the gross margin
The net margin for Sprout Social Inc stands at -0.2. The total capital return value is set at -0.34. Equity return is now at value -47.75, with -19.94 for asset returns.
Based on Sprout Social Inc (SPT), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at 0.19. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -42.04.
Currently, EBITDA for the company is -54.79 million with net debt to EBITDA at 0.18. When we switch over and look at the enterprise to sales, we see a ratio of 4.47. The receivables turnover for the company is 7.05for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.89.
Conclusion
To sum up, Sprout Social Inc (SPT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
