Shares of SPS Commerce (NASDAQ:SPSC) have received an average recommendation of “Hold” from the eleven analysts that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $68.17.
A number of brokerages have weighed in on SPSC. Zacks Investment Research lowered SPS Commerce from a “hold” rating to a “sell” rating in a report on Friday, February 9th. BidaskClub upgraded SPS Commerce from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. ValuEngine upgraded SPS Commerce from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Canaccord Genuity decreased their price objective on SPS Commerce from $62.00 to $57.00 and set a “hold” rating on the stock in a report on Wednesday, February 7th. Finally, Oppenheimer restated a “buy” rating and issued a $62.00 price objective on shares of SPS Commerce in a report on Thursday, January 25th.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Zions Bancorporation purchased a new position in shares of SPS Commerce during the 3rd quarter worth $117,000. SG Americas Securities LLC purchased a new position in shares of SPS Commerce during the 3rd quarter worth $125,000. Magnetar Financial LLC purchased a new position in shares of SPS Commerce during the 3rd quarter worth $203,000. Koch Industries Inc. purchased a new position in shares of SPS Commerce during the 4th quarter worth $240,000. Finally, Trexquant Investment LP purchased a new position in shares of SPS Commerce during the 3rd quarter worth $245,000. Institutional investors and hedge funds own 98.38% of the company’s stock.
SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Tuesday, February 6th. The software maker reported $0.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.04. The firm had revenue of $58.20 million for the quarter, compared to analyst estimates of $57.47 million. SPS Commerce had a positive return on equity of 2.81% and a negative net margin of 1.11%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.29 EPS. analysts forecast that SPS Commerce will post 0.87 earnings per share for the current year.
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About SPS Commerce
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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