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 $49.60, up 1.64% from the previous day, and has decreased 17.02% in one year. It has underperformed other stocks in the Software - Application industry by 0.26 percentage points. Sprout Social stock is currently +34.05% from its 52-week low of $37.00, and -33.04% from its 52-week high of $74.07.
There are currently 55.73M SPT shares outstanding. The market cap of SPT is $2.76B. In the last 24 hours, 914,620 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.
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Get $10 towards your purchase of shares by opening an account with eToro now.
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.
- Enter your personal data to create a new trading account.
- Send your info by clicking the "Create Account" button.
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 18.54x, relative to Software - Application industry P/B ratio of 5.6x
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.
- SPT's operating cash flow of $18.58M allows it to safely service it's debt of $20.08M.
- SPT profit margin has gone up from -18.7% to -17% in the past year.
Failed Financial Due Diligence Checks:
- SPT earnings of -$48.67M is not enough to cover its interest payments.
- SPT has a relatively high debt to equity ratio of 1.18.
Do analysts think it's a good time to buy Sprout Social stock
Out of 9 Equities analysts who research SPT, the consensus analyst rating on Sprout Social is a Strong Buy
Please note that analyst ratings are not stock recommendations, nor are they financial advice.
Latest SPT Analyst Upgrades/Downgrades
Scott Berg, a bottom 28% analyst from Needham reiterates SPT with a buy rating and maintains their SPT price target from $75.00 to $75.00, on Sep 15, 2023.
Elizabeth Porter, a bottom 10% analyst from Morgan Stanley maintains SPT with a hold rating and raises their SPT price target from $52.00 to $55.00, on Aug 7, 2023.
Clarke Jeffries, a bottom 4% analyst from Piper Sandler reiterates SPT with a strong buy rating and maintains their SPT price target from $56.00 to $56.00, on Aug 7, 2023.
Josh Beck, a top 3% analyst from KeyBanc maintains SPT with a strong buy rating and raises their SPT price target from $58.00 to $67.00, on Aug 2, 2023.
KeyBanc's Josh Beck raised their price target on Sprout Social Inc (NASDAQ: SPT) by 15.52% from $58.00 to $67.00 on 2023/08/02. The analyst maintained their Strong Buy rating on the stock.
The analyst’s update arrived following KeyBanc's channel checks on the Software and FinTech sector and before Sprout Social's Q2 2023 earnings report on 2023/08/03.
Their firm's "CIO survey" revealed that front-office and social media management are holding "steady," Beck reported.
Footnotes
Yahoo Finance reports that the current consensus estimate for the company's Q2 is a loss per share of $0.02 which, if achieved, would represent a 50% improvement over Q2 2022's $(0.04).
Christopher Merwin, a bottom 10% analyst from Goldman Sachs initiates coverage on SPT with a strong buy rating and announces their SPT price target of $61.00, on Jul 6, 2023.
You can dive deeper into what analysts are saying on the Sprout Social stock forecast page.
SPT Trading Indicators
How is SPT performing as a company?
Last year, SPT revenue was $289.49M. During the past three year, SPT's revenue has grown by 114.09% per year. This was faster than the Software - Application industry average of 32.17%.
Dive into SPT's earnings and revenue performance here.
Are SPT insiders buying or selling the stock?
In the last 12 months, executives and large shareholders 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 $226,576.68 worth of SPT stock on Sep 6, 2023.
Get more info about who owns SPT stock here.
Can I get consistent income from SPT stock?
No, Sprout Social doesn't provide an income stream by paying out dividends.
Get opinions from other investors
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Step 5: Execute your SPT purchase
There are two main types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are generally the best for newer investors. - Limit order: A limit order enables you to buy or sell a stock at a specific price (or better).
If you want to be certain you're buying or selling at a given dollar amount, place a limit order.
Press the Open button and eToro will execute your order.
If you want additional help with 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 keep up with your new investment.
Create a watchlist to see the latest developments about your SPT stock.
SPT Feed
How to Buy Stock in Sprout Social
To summarize, here are the 6 steps for buying 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 are looking for a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to keep an eye on your new investment in Sprout Social, add SPT to your watchlist by clicking the button below.
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