Today’s featured asset is Sprout Social Inc. (SPT). Using our AI trading strategy between 2021-02-16 to 2023-02-02 would have potentially yielded a 417.71% return with an average return of 41.77% from 10 positions held for an average of 62 days. Our model suggests that SPT is a strong buy with a target price of 49.25 and an overall accuracy of 0.66 when predicting an upward trend in the next two weeks. The analyst consensus price target is 72.36.
Company Overview:
Sprout Social Inc (Symbol: SPT) is a leading provider of web-based social media management tools. Founded in 2010, the company is headquartered in Chicago, Illinois and operates in the Americas, EMEA, and Asia Pacific. The company offers a comprehensive suite of social media management services, including content creation and engagement, analytics and reporting, and customer service. As of October 12th, 2021, Sprout Social Inc has a market capitalization of 3.41 billion USD, and each share is currently trading at 49.25 USD.
Historic Company Performance:
Sprout Social Inc has seen steady growth since its inception. In the most recent quarter ending September 30th, 2022, the company reported total revenue of 237.43 million USD, a 33% year-over-year increase. Additionally, the company reported gross profit of 141.07 million USD, a 43% year-over-year increase. The company has also seen a positive trend in its earnings, reporting a loss of 0.59 USD per share in the most recent quarter.
Share Price Performance:
Sprout Social Inc has seen significant growth in its share price since its IPO in 2018. As of October 12th 2021, the stock is trading at 49.25 USD, a near-record high. Over the past 12 months, the stock has seen a gain of over 90% in its share price. The company’s share price has also seen a positive trend against its peers, outperforming the Nasdaq Composite Index by over 35%. Additionally, analysts have set an average target price of 72.36 USD for the stock, representing a potential upside of over 40%.
In conclusion, Sprout Social Inc is a leading provider of web-based social media management tools and has seen strong growth since its inception. The company’s stock has seen significant gains over the past 12 months and is currently trading near record highs. Analysts have set an average target price of 72.36 USD for the stock, indicating a potential upside of over 40%.
Symbol: SPT
AssetType: Common Stock
Name: Sprout Social Inc
Description: Sprout Social, Inc. designs, develops, and operates a web-based social media management tool in the Americas, EMEA, and Asia Pacific. The company is headquartered in Chicago, Illinois.
CIK: 1517375
Exchange: NASDAQ
Currency: USD
Country: USA
Sector: TECHNOLOGY
Industry: SERVICES-PREPACKAGED SOFTWARE
Address: 131 SOUTH DEARBORN STREET, SUITE 700, CHICAGO, IL, US
FiscalYearEnd: December
LatestQuarter: 2022-09-30
MarketCapitalization: 3407104000
EBITDA: -44316000
PERatio: None
PEGRatio: None
BookValue: 2.548
DividendPerShare: 0
DividendYield: 0
EPS: -0.594
RevenuePerShareTTM: 4.368
ProfitMargin: -0.203
OperatingMarginTTM: -0.203
ReturnOnAssetsTTM: -0.114
ReturnOnEquityTTM: -0.335
RevenueTTM: 237433000
GrossProfitTTM: 141071000
DilutedEPSTTM: -0.594
QuarterlyEarningsGrowthYOY: 0
QuarterlyRevenueGrowthYOY: 0.33
AnalystTargetPrice: 72.36
TrailingPE: –
ForwardPE: –
PriceToSalesRatioTTM: 13.67
PriceToBookRatio: 25.24
EVToRevenue: 14.22
EVToEBITDA: -78.74
Beta: 0.892
52WeekHigh: 85.99
52WeekLow: 38.39
50DayMovingAverage: 59.75
200DayMovingAverage: 58.1
SharesOutstanding: 47261700
DividendDate: None
ExDividendDate: None
| Date | Symbol | Prediction | Model Accuracy | Price Target | Analyst Target |
|---|---|---|---|---|---|
| 2023-10-12 | SPT | STRONGBUY | 0.66 | 49.25 | 72.36 |
| 2023-09-28 | SPT | WEAKBUY | 0.66 | 51.32 | 72.36 |
More AI Trading NASDAQ Fri, 13 Oct buys
You must be logged in to view this content.
AI Trading NASDAQ Fri, 13 Oct sells
Back-testing and model summaries
Thanks for subscribing and happy investing!
The Third Perspective Team