Sprout Social Inc. [SPT] is 82.06% higher this YTD. Is it still time to buy?

Sprout Social Inc. [NASDAQ: SPT] price surged by 0.59 percent to reach at $0.17. The company report on July 6, 2020 that Sprout Social to Announce Second Quarter 2020 Financial Results on August 5, 2020.

Sprout Social, Inc. (“Sprout Social” or the “Company”) (SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ended June 30, 2020 after market close on Wednesday, August 5, 2020.

The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Wednesday, August 5, 2020. The conference call can be accessed by dialing (877) 658-9099 from the United States and Canada or (602) 563-8734 internationally with conference ID 2484995. The live webcast of the conference call can be accessed from Sprout Social’s investor relations website at http://investors.sproutsocial.com.

A sum of 1218577 shares traded at recent session while its average daily volume was at 526.96K shares. Sprout Social Inc. shares reached a high of $29.695 and dropped to a low of $27.83 until finishing in the latest session at $29.22.

The one-year SPT stock forecast points to a potential upside of 13.14. The average equity rating for SPT stock is currently 1.40, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Sprout Social Inc. [SPT]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for SPT shares is $33.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on SPT stock is a recommendation set at 1.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

BTIG Research have made an estimate for Sprout Social Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on June 09, 2020. While these analysts kept the previous recommendation, Robert W. Baird raised their target price to Outperform. The new note on the price target was released on June 02, 2020, representing the official price target for Sprout Social Inc. stock.

The Average True Range (ATR) for Sprout Social Inc. is set at 1.71, with the Price to Sales ratio for SPT stock in the period of the last 12 months amounting to 13.15. The Price to Book ratio for the last quarter was 8.91, with the Price to Cash per share for the same quarter was set at 2.78.

SPT Stock Performance Analysis:

Sprout Social Inc. [SPT] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 7.03. With this latest performance, SPT shares gained by 5.60% in over the last four-week period, additionally plugging by 34.53% over the last 6 months .

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for SPT stock in for the last two-week period is set at 53.42, with the RSI for the last a single of trading hit 59.84, and the three-weeks RSI is set at 56.48 for Sprout Social Inc. [SPT]. The present Moving Average for the last 50 days of trading for this stock 27.94, while it was recorded at 28.67 for the last single week of trading.

Insight into Sprout Social Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Sprout Social Inc. [SPT] shares currently have an operating margin of -46.02 and a Gross Margin at +72.59. Sprout Social Inc.’s Net Margin is presently recorded at -45.57.

Return on Total Capital for SPT is now -54.21, given the latest momentum, and Return on Invested Capital for the company is -54.41. Return on Equity for this stock declined to -60.84, with Return on Assets sitting at -35.81. When it comes to the capital structure of this company, Sprout Social Inc. [SPT] has a Total Debt to Total Equity ratio set at 16.02. Additionally, SPT Total Debt to Total Capital is recorded at 13.81, with Total Debt to Total Assets ending up at 10.83. Long-Term Debt to Equity for the company is recorded at 14.20, with the Long-Term Debt to Total Capital now at 12.24.

Reflecting on the efficiency of the workforce at the company, Sprout Social Inc. [SPT] managed to generate an average of -$154,990 per employee. Receivables Turnover for the company is 9.49 with a Total Asset Turnover recorded at a value of 0.79.Sprout Social Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.40 and a Current Ratio set at 3.40.

Sprout Social Inc. [SPT] Insider Position Details

There are presently around $985 million, or 85.50% of SPT stock, in the hands of institutional investors. The top three institutional holders of SPT stocks are: GOLDMAN SACHS GROUP INC with ownership of 10,378,809, which is approximately 0% of the company’s market cap and around 1.10% of the total institutional ownership; NEA MANAGEMENT COMPANY, LLC, holding 9,046,080 shares of the stock with an approximate value of $264.33 million in SPT stocks shares; and GREENSPRING ASSOCIATES, LLC, currently with $88.38 million in SPT stock with ownership of nearly 0% of the company’s market capitalization.

Positions in Sprout Social Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 51 institutional holders increased their position in Sprout Social Inc. [NASDAQ:SPT] by around 5,983,437 shares. Additionally, 43 investors decreased positions by around 4,550,598 shares, while 5 investors held positions by with 23,175,507 shares. The mentioned changes placed institutional holdings at 33,709,542 shares, according to the latest SEC report filing. SPT stock had 38 new institutional investments in for a total of 4,370,040 shares, while 26 institutional investors sold positions of 3,161,600 shares during the same period.

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