Sprout Social, Inc.

SPT

US85209W1099

Software

Market Closed - Nasdaq Other stock markets 04:00:00 2024-05-20 pm EDT			5-day change	1st Jan Change
31.81 ^USD	+6.28%		+13.00%	-48.23%

May. 20	Sprout Social's founders in bid to take social media tools provider private, sources say	RE
May. 20	SPROUT SOCIAL'S FOUNDERS IN TALKS TO TAKE COMPANY PRIV…	RE

Sprout Social, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023

November 02, 2023 at 04:08 pm EDT

Sprout Social, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported revenue was USD 85.53 million compared to USD 65.31 million a year ago. Net loss was USD 23.01 million compared to USD 13.93 million a year ago. Basic loss per share from continuing operations was USD 0.41 compared to USD 0.25 a year ago.
For the nine months, revenue was USD 240.06 million compared to USD 184.17 million a year ago. Net loss was USD 46.35 million compared to USD 38.3 million a year ago. Basic loss per share from continuing operations was USD 0.83 compared to USD 0.7 a year ago.

Latest news about Sprout Social, Inc.

Sprout Social's founders in bid to take social media tools provider private, sources say	May. 20	RE
SPROUT SOCIAL'S FOUNDERS IN TALKS TO TAKE COMPANY PRIV…	May. 20	RE
Sprout Social Insider Sold Shares Worth $569,922, According to a Recent SEC Filing	May. 08	MT
North American Morning Briefing : Stock Futures -2-	May. 06	DJ
Sector Update: Tech Stocks Gain Late Afternoon	May. 03	MT
Sector Update: Tech	May. 03	MT
Top Midday Decliners	May. 03	MT
Sprout Social Shares Plunge After Analyst Downgrades Following Cut in 2024 Revenue Guidance	May. 03	MT
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Higher Earnings, Weaker Jobs Report	May. 03	MT
Oppenheimer Adjusts Sprout Social Price Target to $43 From $76, Maintains Outperform Rating	May. 03	MT
US Jobs Growth Slows in April as US Equity Futures Rise Pre-Bell	May. 03	MT
Morgan Stanley Cuts Price Target on Sprout Social to $49 From $65, Keeps Equalweight Rating	May. 03	MT
Top Premarket Decliners	May. 03	MT
KeyBanc Downgrades Sprout Social to Sector Weight From Overweight, Cites 'Disappointing' Q1 Results, Removes $83 Price Target	May. 03	MT
William Blair Downgrades Sprout Social to Market Perform from Outperform	May. 03	MT
BTIG Downgrades Sprout Social to Neutral From Buy	May. 03	MT
Piper Sandler Downgrades Sprout Social to Neutral From Overweight, Cuts Price Target to $40 From $66	May. 03	MT
Baird Downgrades Sprout Social to Neutral From Outperform, Cuts Price Target to $45 From $72	May. 03	MT
Transcript : Sprout Social, Inc., Q1 2024 Earnings Call, May 02, 2024	May. 02
Earnings Flash (SPT) SPROUT SOCIAL Posts Q1 Revenue $96.8M, vs. Street Est of $97.3M	May. 02	MT
Earnings Flash (SPT) SPROUT SOCIAL Reports Q1 EPS $0.10, vs. Street Est of $0.01	May. 02	MT
Sprout Social, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 02	CI
Sprout Social, Inc. Provides Earnings Guidance for the Second Quarter and Full Year 2024	May. 02	CI
Oppenheimer Initiates Coverage on Sprout Social With Outperform Rating, $76 Price Target	Apr. 18	MT
Morgan Stanley Cuts Price Target on Sprout Social to $65 From $73, Keeps Equalweight Rating	Apr. 17	MT

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Company Profile

Sprout Social, Inc. is engaged in designing, developing, and operating a Web-based social media management tool enabling companies to manage and measure their online presence. The Company provides organizations with a centralized platform to manage their social media efforts across stakeholders and business functions. Its cloud software brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. The Company operates across major networks, including X (formerly known as Twitter), Facebook, Instagram, TikTok, Pinterest, LinkedIn, Google, Reddit, Glassdoor and YouTube, and commerce platforms Facebook Shops, Shopify, and WooCommerce. Its cloud platform allows organizations of all sizes to create stronger relationships through social media, create and publish effective content, measure, and improve performance, and better understand their markets and customers. It also offers a 30-day free trial model to its prospective customers.

Sector

Software

Calendar

2024-05-22 - Annual General Meeting

Related indices

Russell 2000

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Ratings for Sprout Social, Inc.

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

31.81 USD

Average target price

49.36 USD

Spread / Average Target

+55.18%

Consensus

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Quarterly earnings - Rate of surprise

Company calendar

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