Sprout Social Inc [NASDAQ: SPT] stock went on a downward path that fall over -40.15% on Friday, amounting to a one-week price decrease of less than -43.92%.
Over the last 12 months, SPT stock dropped by -32.12%. The one-year Sprout Social Inc stock forecast points to a potential upside of 41.61. The average equity rating for SPT stock is currently 2.07, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $1.63 billion, with 49.24 million shares outstanding and 48.14 million shares in the current float. Compared to the average trading volume of 638.03K shares, SPT stock reached a trading volume of 13456628 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $49.36 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 2.07. 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.
William Blair have made an estimate for Sprout Social Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on May 03, 2024. While these analysts kept the previous recommendation, Robert W. Baird dropped their target price from $72 to $45. The new note on the price target was released on May 03, 2024, representing the official price target for Sprout Social Inc stock. Previously, the target price had yet another drop from $66 to $40, while Piper Sandler kept a Neutral rating on SPT stock.
The Average True Range (ATR) for Sprout Social Inc is set at 3.54, with the Price to Sales ratio for SPT stock in the period of the last 12 months amounting to 4.59. The Price to Book ratio for the last quarter was 11.06, with the Price to Cash per share for the same quarter was set at 1.74. Price to Free Cash Flow for SPT in the course of the last twelve months was 248.78 with Quick ratio for the last quarter at 0.89.
SPT Stock Performance Analysis:
Sprout Social Inc [SPT] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -43.92. With this latest performance, SPT shares dropped by -48.55% in over the last four-week period, additionally sinking by -32.40% over the last 6 months – not to mention a drop of -32.12% in the past year of trading.
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 10.98, with the RSI for the last a single of trading hit 6.45, and the three-weeks RSI is set at 16.09 for Sprout Social Inc [SPT]. The present Moving Average for the last 50 days of trading for this stock 56.06, while it was recorded at 45.87 for the last single week of trading, and 54.46 for the last 200 days.
Insight into Sprout Social Inc Fundamentals:
Sprout Social Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.89 and a Current Ratio set at 0.89.
Sprout Social Inc [SPT] Institutonal Ownership Details
The top three institutional holders of SPT stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in SPT stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in SPT stock with ownership which is approximately 5.8386%.
