Piper Sandler initiated coverage of SPS Commerce with a rating of Neutral and set a new price target of $198.00

Northland Capital downgraded SPS Commerce from Outperform to Market Perform

Redburn Atlantic initiated coverage of SPS Commerce with a rating of Buy and set a new price target of $220.00

Citigroup initiated coverage of SPS Commerce with a rating of Buy and set a new price target of $216.00

DA Davidson initiated coverage of SPS Commerce with a rating of Buy and set a new price target of $200.00

Northland Capital upgraded SPS Commerce from Market Perform to Outperform and set a new price target of $177.00 from $175.00 previously

Robert W. Baird downgraded SPS Commerce from Outperform to Neutral and set a new price target of $151.00

JMP Securities reiterated coverage of SPS Commerce with a rating of Market Outperform and set a new price target of $160.00 from $180.00 previously

Northland Capital downgraded SPS Commerce from Outperform to Market Perform and set a new price target of $170.00 from $140.00 previously

JMP Securities reiterated coverage of SPS Commerce with a rating of Market Outperform and set a new price target of $180.00 from $130.00 previously

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SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 10 years by 11.3% on an annualized basis producing an average annual return of 22.21%. Currently, SPS Commerce has a market capitalization of $7.63 billion. Buying $1000 In SPSC: If an investor had bought $1000 of SPSC stock 10 years ago, it would be worth $7,574.48 today based on a price of $205.95 for SPSC at the time of writing. SPS Commerce's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content

SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 15 years by 12.09% on an annualized basis producing an average annual return of 25.03%. Currently, SPS Commerce has a market capitalization of $7.04 billion. Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 15 years ago, it would be worth $2,852.65 today based on a price of $190.10 for SPSC at the time of writing. SPS Commerce's Performance Over Last 15 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content

SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 10 years by 8.53% on an annualized basis producing an average annual return of 19.22%. Currently, SPS Commerce has a market capitalization of $6.89 billion. Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 10 years ago, it would be worth $589.27 today based on a price of $186.13 for SPSC at the time of writing. SPS Commerce's Performance Over Last 10 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content eng

SPS Commerce (NASDAQ:SPSC) has outperformed the market over the past 5 years by 15.43% on an annualized basis producing an average annual return of 28.53%. Currently, SPS Commerce has a market capitalization of $6.96 billion. Buying $1000 In SPSC: If an investor had bought $1000 of SPSC stock 5 years ago, it would be worth $3,509.33 today based on a price of $187.87 for SPSC at the time of writing. SPS Commerce's Performance Over Last 5 Years Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time. This article was generated by Benzinga's automated content e

SPS Commerce's (NYSE:SPSC) short percent of float has fallen 16.23% since its last report. The company recently reported that it has 510 thousand shares sold short, which is 1.91% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.09 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest

6 analysts have shared their evaluations of SPS Commerce (NASDAQ:SPSC) during the recent three months, expressing a mix of bullish and bearish perspectives. Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 0 1 0 0 Last 30D 1 0 0 0 0 1M Ago 3 0 1 0 0 2M Ago 0 0 0 0 0 3M Ago 1 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $207.67, a high estimate of $222.00, and a low estimate of $178.00. Observing a 7.88% increase, t

Redburn Atlantic analyst Lachlan Brown initiates coverage on SPS Commerce (NASDAQ:SPSC) with a Buy rating and announces Price Target of $220.

Citigroup analyst George Kurosawa maintains SPS Commerce (NASDAQ:SPSC) with a Buy and raises the price target from $213 to $222.

Needham analyst Scott Berg reiterates SPS Commerce (NASDAQ:SPSC) with a Buy and maintains $205 price target.

For the second quarter of 2024, SPS Commerce anticipates the acquisition will add approximately $600,000 in revenue and expects Adjusted EBITDA to be negatively impacted by approximately $200,000. For fiscal year 2024, the company expects the acquisition will add approximately $2.9 million in revenue and breakeven in Adjusted EBITDA. For fiscal year 2025, the company expects the acquisition will add approximately $5 million in revenue and approximately $1.5 million in Adjusted EBITDA.  

SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, is among Forbes' America's Best Companies in 2024. The awards list was announced on November 12th, 2024, and can be viewed on Forbes.com. America's inaugural Best Companies 2024 were identified through an assessment by Forbes' team of data research partners of more than 60 metrics across 11 primary categories: employee sentiment, customer sentiment, financial strength, DEI, cybersecurity, media sentiment, public trust, sustainability, remote-work policies, workforce stability and accessibility policies/performance. (More on the methodology can be found here.) SPS Commerce was among 300 companies across the

Company delivers 95th consecutive quarter of topline growth Revenue and recurring revenue growth of 21% year-over-year MINNEAPOLIS, Oct. 24, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the third quarter ended September 30, 2024. Financial Highlights Third Quarter 2024 Financial Highlights Revenue was $163.7 million in the third quarter of 2024, compared to $135.7 million in the third quarter of 2023, reflecting 21% growth.Recurring revenue grew 21% from the third quarter of 2023.Net income was $23.5 million or $0.62 per diluted share, compared to net income of $16.8 million or $0.45 pe

MINNEAPOLIS, Oct. 10, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the third quarter ended September 30, 2024, after the market close on Thursday, October 24, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q3 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com

MINNEAPOLIS, Aug. 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at Citi's 2024 Global TMT Conference on Thursday, September 5, 2024, at 1:20 PM E.T. A webcast of the presentation will be available on the company's investor relations website at http://investors.spscommerce.com/events.cfm. About SPS Commerce SPS Commerce is the world's leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and accessible experts

Acquisition expands company's product portfolio with automated invoice deduction management and prevention Company to host conference call today at 8:30 a.m. ET MINNEAPOLIS, Aug. 01, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the acquisition of SupplyPike, an automated invoice deduction management and prevention solution. SupplyPike is a first of its kind SaaS solution that provides ongoing monitoring and management of invoice deductions to recover lost revenue along with the information needed to improve processes and eliminate deductions in the future. "The interdependent nature of the retail supp

Company delivers 94th consecutive quarter of topline growth Revenue and recurring revenue growth of 18% year-over-year Announces new Share Repurchase Program MINNEAPOLIS, July 25, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the second quarter ended June 30, 2024. Financial Highlights Second Quarter 2024 Financial Highlights Revenue was $153.6 million in the second quarter of 2024, compared to $130.4 million in the second quarter of 2023, reflecting 18% growth.Recurring revenue grew 18% from the second quarter of 2023.Net income was $18.0 million or $0.48 per diluted share,

MINNEAPOLIS, July 11, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that it will issue its financial results for the second quarter ended June 30, 2024, after the market close on Thursday, July 25, 2024. SPS Commerce will host a call to discuss the results at 3:30 p.m. Central Time (4:30 p.m. Eastern Time) on the same day. To access the call, please dial 1-833-816-1382, or outside the U.S. 1-412-317-0475 at least 15 minutes prior to the 3:30 p.m. CT start time. Please ask to join the SPS Commerce Q2 2024 conference call. A live webcast of the call will also be available at http://investors.spscommerce.com under t

MINNEAPOLIS, May 29, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced that management will present at the William Blair 44th Annual Growth Stock Conference on Wednesday, June 5, 2024, at 1:20 PM C.T. A webcast of the presentation will be available on the company's investor relations website at http://investors.spscommerce.com/events.cfm. About SPS Commerce SPS Commerce is the world's leading retail network, connecting trading partners around the globe to optimize supply chain operations for all retail partners. We support data-driven partnerships with innovative cloud technology, customer-obsessed service and acce

Acquisition expands company's product portfolio in supply chain performance and optimization Company to host conference call today at 8:30 a.m. ET MINNEAPOLIS, May 09, 2024 (GLOBE NEWSWIRE) -- SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced the acquisition of Traverse Systems, an industry leading SaaS platform that provides retailers and their merchandise suppliers a unified view of supply chain performance to improve collaboration and enhance the consumer experience. Traverse Systems provides scorecarding and vendor performance management solutions for retailers, driving supply chain efficiencies such as increased on-time and in-f

Company delivers 93rd consecutive quarter of topline growth Revenue and recurring revenue growth of 19% year-over-year MINNEAPOLIS, April 25, 2024 (GLOBE NEWSWIRE) --  SPS Commerce, Inc. (NASDAQ:SPSC), a leader in retail supply chain cloud services, today announced financial results for the first quarter ended March 31, 2024. Financial Highlights First Quarter 2024 Financial Highlights Revenue was $149.6 million in the first quarter of 2024, compared to $125.9 million in the first quarter of 2023, reflecting 19% growth.Recurring revenue grew 19% from the first quarter of 2023.Net income was $18.0 million or $0.48 per diluted share, compared to net income of $15.3 million or