How to Buy Sprout Social Stock
Sprout Social Inc
Sprout Social, Inc. designs, develops, and operates a web-based social media management platform in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.
Sprout Social stock last closed at $51.36, down 2.13% from the previous day, and has increased 2.33% in one year. It has underperformed other stocks in the Software - Application industry by 0.25 percentage points. Sprout Social stock is currently +38.81% from its 52-week low of $37.00, and -24.92% from its 52-week high of $68.41.
There are currently 56.25M SPT shares outstanding. The market cap of SPT is $2.89B. In the last 24 hours, 432,659 SPT shares were traded.
How to Buy Sprout Social Stock
Wondering how to invest in Sprout Social stock? Here's how.
- Choose where to buy Sprout Social stock: You need to choose a stock brokerage, but don't worry - we've analyzed dozens of stock brokerages and apps to help you choose where to buy Sprout Social stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've selected.
- Put funds into your brokerage account: Select your payment method and add your information.
- Analyze Sprout Social stock: The Sprout Social ticker symbol is SPT. Is Sprout Social stock a good investment? Should you buy shares of SPT? How do SPT's underlying business fundamentals look? Do top analysts think Sprout Social is a good buy? Why has SPT's stock price moved recently? (Hint: Our stock research website can help you evaluate if SPT is a good stock to buy).
- Execute your SPT purchase: Decide if you will purchase SPT shares at the current market price or use a limit order to buy SPT stock at a specific price.
- Get the latest news on your SPT investment: Create a watchlist to monitor your investment in Sprout Social stock.
Step 1: Choose where to buy Sprout Social stock
You will need an online brokerage account in order to access the NASDAQ market and buy SPT stock.
Our favorite brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've selected your brokerage, you need to fill out some personal information so you are able to buy SPT stock today.
How to Open a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to create a new trading account.
- Send your info by clicking the "Create Account" button. Get started with eToro today
Step 3: Put funds into your brokerage account
Now that you've filled out your info on the greatest app to buy stocks, you need to deposit funds:
Check out this video walkthrough to see the process of depositing money into your new investment account.
Step 4: Analyze Sprout Social stock
Once you have selected the best place to buy Sprout Social stock, it's important to analyze their stock before you invest, so you truly understand the risk as well as the opportunity.
Sprout Social quick stats
SPT Due Diligence Checks
WallStreetZen was designed to help part-time investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on SPT's stock page.
Is SPT stock overvalued?
Investors use many financial metrics, analyses, models, and charts to gauge SPT's intrinsic value.
Using relative valuations methods:
- SPT could be overvalued based on its P/B ratio of 20.04x, relative to Software - Application industry P/B ratio of 6.49x
You can do additional valuation analysis on SPT's stock here.
A quick look at SPT Financials
Passed Financial Due Diligence Checks:
- There are more short-term assets than short-term liabilities on the SPT balance sheet.
- There are more short-term assets than long-term liabilities on the SPT balance sheet.
- Total SPT debt is lower than 5 years ago, relative to shareholder equity.
Failed Financial Due Diligence Checks:
- SPT earnings of -$63.02M is not enough to cover its interest payments.
- SPT has a relatively high debt to equity ratio of 1.75.
- SPT's operating cash flow of $6.46M allows it to safely service it's debt of $74.03M.
- SPT profit margin has gone down from -19.8% to -19.9% in the past year.
Is SPT stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 11 sell side analysts who give forecasts on SPT, the consensus analyst rating on SPT is a Strong Buy
Please keep in mind that analyst forecasts are not recommendations, nor are they investment advice.
Most Recent SPT Analyst Upgrades/Downgrades
Brett Knoblauch, a bottom 3% analyst from Cantor Fitzgerald reiterates SPT with a strong buy rating and maintains their SPT price target from $74.00 to $74.00, on Feb 21, 2024.
David Hynes, a top 10% analyst from Canaccord Genuity reiterates SPT with a strong buy rating and maintains their SPT price target from $70.00 to $70.00, on Feb 21, 2024.
Clarke Jeffries, a bottom 10% analyst from Piper Sandler maintains SPT with a strong buy rating and raises their SPT price target from $62.00 to $66.00, on Feb 21, 2024.
Surinder Thind, a top 16% analyst from Jefferies initiates coverage on SPT with a strong buy rating and announces their SPT price target of $76.00, on Feb 7, 2024.
Christopher Merwin, a bottom 9% analyst from Goldman Sachs maintains SPT with a strong buy rating and raises their SPT price target from $65.00 to $81.00, on Jan 24, 2024.
You can dive deeper into what analysts are saying on the Sprout Social stock forecast page.
SPT Technical Indicators
SPT Performance Metrics
Last year, SPT revenue was $333.64M. Over the last 5 year, SPT's revenue has gone up by 33.46% per year. This was faster than the Software - Application industry average of 27.57%.
Dive into SPT's earnings and revenue performance here.
Are SPT insiders buying or selling the stock?
Over the past year, insiders at SPT have sold more shares than they have bought.
Justyn Russell Howard, Chairman and CEO of SPT, was the latest SPT insider to sell. They sold $191,935.52 worth of SPT stock on Apr 8, 2024.
Dig into more about who owns SPT shares here.
Does SPT stock generate passive income?
No, Sprout Social doesn't provide an income stream by paying out dividends.
What do other traders have to say about SPT?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Execute your SPT purchase
You have two primary options:
- Market order: A market order is an order to buy or sell a security at the best price on the market.
Market orders are mostly the best for newer investors. - Limit order: A limit order is an order to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at a specific dollar amount limit, place a limit order.
Hit the Open button and your broker will execute the order.
If you require additional help buying stocks on eToro, click the how to video below:
Step 6: Get the latest news on your SPT investment
Now that you own some SPT shares, you'll want to stay up-to-date on your new investment.
Start a watchlist to track the most important metrics related to your SPT stock.
SPT Feed
How to Buy Stock in Sprout Social
To reiterate, here are the 6 steps to buy Sprout Social stock:
- Choose where to buy Sprout Social stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Analyze Sprout Social stock
- Execute your SPT purchase
- Get the latest news on your SPT investment
If you need a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you would like to keep track of your investment in Sprout Social, hit the button below to create your watchlist.
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