Sprout Social, Inc. designs, develops, and operates a web-based social media management tool in Americas, EMEA, and the Asia Pacific. The company offers cloud software that brings together social messaging, data, and workflows in a unified system of record, intelligence, and action. It provides various integrated tools in a range of functions comprising social engagement/response, publishing, reporting and analytics, social listening and business intelligence, reputation management, employee advocacy, and automation and workflows. The company's tools serves a range of use-cases within its customers' organizations, including social and community management, public relations, marketing, customer service, sales and customer acquisition, recruiting and hiring, product development, and business strategy. It also offers professional services, which primarily consist of consulting and training services. The company serves approximately 26,000 customers across small-and-medium-sized businesses, mid-market companies, enterprises, and marketing agencies, as well as government, non-profit, and educational institutions. Sprout Social, Inc. was incorporated in 2010 and is headquartered in Chicago, Illinois.
IPO Year: 2019
Exchange: NASDAQ
Website: sproutsocial.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/19/2024 | $28.00 | Sector Perform | Scotiabank |
| 8/22/2024 | $28.00 | Sector Weight → Underweight | KeyBanc Capital Markets |
| 5/3/2024 | Outperform → Mkt Perform | William Blair | |
| 5/3/2024 | $80.00 → $44.00 | Buy → Neutral | Goldman |
| 5/3/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 5/3/2024 | $72.00 → $45.00 | Outperform → Neutral | Robert W. Baird |
| 5/3/2024 | $66.00 → $40.00 | Overweight → Neutral | Piper Sandler |
| 5/3/2024 | Buy → Neutral | BTIG Research | |
| 4/18/2024 | $76.00 | Outperform | Oppenheimer |
| 3/21/2024 | $83.00 | Overweight | KeyBanc Capital Markets |
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4 - Sprout Social, Inc. (0001517375) (Issuer)
4 - Sprout Social, Inc. (0001517375) (Issuer)
4 - Sprout Social, Inc. (0001517375) (Issuer)
Analysts' ratings for Sprout Social (NASDAQ:SPT) over the last quarter vary from bullish to bearish, as provided by 14 analysts. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 5 4 5 0 0 Last 30D 1 0 0 0 0 1M Ago 0 1 1 0 0 2M Ago 1 0 0 0 0 3M Ago 3 3 4 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $48.07, along with a high estimate of $55.00 and a low estimate of $38.00. Highlighting a 26.05% decrease, the curren
Needham analyst Scott Berg reiterates Sprout Social (NASDAQ:SPT) with a Buy and maintains $55 price target.
Barclays analyst Raimo Lenschow maintains Sprout Social (NASDAQ:SPT) with a Overweight and lowers the price target from $50 to $48.
Sprout Social (NASDAQ:SPT) underwent analysis by 16 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 4 6 0 0 Last 30D 0 0 1 0 0 1M Ago 1 0 0 0 0 2M Ago 3 3 4 0 0 3M Ago 2 1 1 0 0 Analysts have set 12-month price targets for Sprout Social, revealing an average target of $53.81, a high estimate of $76.00, and a low estimate of $38.00. A decline of 20.33% from the prior average price target i
Baird analyst Rob Oliver maintains Sprout Social (NASDAQ:SPT) with a Neutral and lowers the price target from $45 to $38.
In the preceding three months, 16 analysts have released ratings for Sprout Social (NASDAQ:SPT), presenting a wide array of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 6 5 5 0 0 Last 30D 1 0 0 0 0 1M Ago 1 0 0 0 0 2M Ago 4 4 5 0 0 3M Ago 0 1 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $56.62, with a high estimate of $83.00 and a low estimate of $40.00. A negative s
Needham analyst Scott Berg reiterates Sprout Social (NASDAQ:SPT) with a Buy and maintains $55 price target.
BDRX: 110% | Biodexa Pharmaceuticals Presents Phase 2 Clinical Trial Results Of Its Newly-Licensed eRapa In Familial Adenomatous Polyposis Scheduled For Presentation At The 2024 Digestive Disease Week Annual Meeting; Reports Overall 83% Non-Progression Rate At 6 Months MMAT: 95% | Meta Materials shares are trading higher after the company announced that lawyers concluded that it has meritorious claims for market manipulation against several parties. SPT: -11% | Sprout Social shares are trading lower after the company said there is no process in place to sell or take the Company private.
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CHICAGO, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, announced that TrustRadius has recognized their product with a 2025 Buyer's Choice Award. TrustRadius Buyer's Choice Awards are based on vetted, unbiased customer reviews from January 1 to September 26, 2024. During the evaluation process, reviewers are asked if products and their support teams live up to expectations, and if they would buy the product again. These answers shape whether or not a product is chosen as best in the three key areas: capabilities, value for price, and customer relationship. "This recognition reflects our commitmen
CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its third quarter ended September 30, 2024. "The Sprout team delivered a solid third quarter, driving 20% revenue growth and 31% growth in cRPO as we executed our strategy across key company metrics. Sprout continues to focus on product leadership and expanding our competitive position within the Enterprise segment as these customers leverage the power of Social to drive their digital strategies," said Ryan Barretto, CEO. Third Quarter 2024 Financial Highlights Re
CHICAGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending September 30, 2024 after market close on Thursday, November 7, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, November 7, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913184. The live webcast of the conference call can be a
CHICAGO, Sept. 24, 2024 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, has been recognized by G2's 2024 Fall Reports with 173 leader badges spanning all business segments, from small business to mid-market and enterprise, and across every region including EMEA, APAC, and the Middle East. The company earns these additional recognitions after being named G2's #1 Best Software Product for 2024. Sprout Social has maintained their #1 position in the Grid® Report for Social Customer Service, Social Media Analytics, Social Media Suites and Social Media Listening Tools. The company has been recognized in an increasing
CHICAGO, Sept. 23, 2024 (GLOBE NEWSWIRE) -- Sprout Social (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced their publishing, engagement, customer care, advocacy, and AI-powered business intelligence solutions have been added to the National Association of State Procurement Officials (NASPO) ValuePoint Cloud Solutions Contract held by Carahsoft Technology Corp., The Trusted Government IT Solutions Provider®. The contract enables Carahsoft and its reseller partners to provide Sprout Social's products to participating state and local government agencies. NASPO ValuePoint Cloud Solutions Contract is a cooperative purchasing program fa
CHICAGO, Sept. 16, 2024 (GLOBE NEWSWIRE) -- Sprout Social, an industry-leading provider of cloud-based social media management software, today announced a new integration with Salesforce's Agentforce assistant for Service Cloud. The integration enables Salesforce Service Cloud and Sprout Social customers to gather customer insights from social and take accelerated action to enhance customer experiences. These updates will be featured at Dreamforce 2024, where Sprout Social will be exhibiting and speaking on how to leverage AI, social data and Salesforce to drive revenue, grow and retain a loyal customer base and strengthen brand equity. Exceptional customer care starts with meeting cu
CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Mike Wolff to Chief Revenue Officer, effective September 2, 2024. As Chief Revenue Officer, Wolff will oversee Sprout's global Sales, Success and Partnerships organization. He will focus on the continued global growth and expansion of Sprout's innovative offerings. Wolff brings more than 20 years of experience leading global sales and technology organizations. He recently served as Chief Revenue Officer of Salesforce.org, where he led the company's global sales and solu
CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its second quarter ended June 30, 2024. "We're pleased to share that we're tracking ahead of the plan outlined last quarter," said Ryan Barretto, President and incoming CEO. "Through the dedication and hard work of our teams and strong customer success, we further extended our product leadership, continued to improve our competitive position, and generated record pipeline. We're building momentum for a stronger second half of the year." Second Quarter 2024 Fina
CHICAGO, July 11, 2024 (GLOBE NEWSWIRE) -- Sprout Social, an industry-leading provider of cloud-based social media management software, has been recognized by G2's 2024 Summer Reports as a leader in 211 categories spanning all business segments, from small business to mid-market and enterprise, and across every region including EMEA, APAC, and the Middle East. The company earns these recognitions after being named G2's #1 Best Software Product for 2024. Sprout Social ranked #1 in 88 of these reports, including the Grid® Report for Social Customer Service, Social Media Analytics, Social Media Suites, Social Media Listening Tools as well as the Enterprise Results Index for Social Media Mana
CHICAGO, July 08, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending June 30, 2024 after market close on Thursday, August 1, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, August 1, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I19131681. The live webcast of the conference call can be accessed
CHICAGO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its third quarter ended September 30, 2024. "The Sprout team delivered a solid third quarter, driving 20% revenue growth and 31% growth in cRPO as we executed our strategy across key company metrics. Sprout continues to focus on product leadership and expanding our competitive position within the Enterprise segment as these customers leverage the power of Social to drive their digital strategies," said Ryan Barretto, CEO. Third Quarter 2024 Financial Highlights Re
CHICAGO, Oct. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending September 30, 2024 after market close on Thursday, November 7, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, November 7, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913184. The live webcast of the conference call can be a
CHICAGO, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its second quarter ended June 30, 2024. "We're pleased to share that we're tracking ahead of the plan outlined last quarter," said Ryan Barretto, President and incoming CEO. "Through the dedication and hard work of our teams and strong customer success, we further extended our product leadership, continued to improve our competitive position, and generated record pipeline. We're building momentum for a stronger second half of the year." Second Quarter 2024 Fina
CHICAGO, July 08, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the second quarter ending June 30, 2024 after market close on Thursday, August 1, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, August 1, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I19131681. The live webcast of the conference call can be accessed
CHICAGO, May 02, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its first quarter ended March 31, 2024. "As partners in this company's success to date and strategic direction moving forward, Ryan and I had an opportunity to re-draw our roles to best position us to accelerate beyond our $1B target." said Justyn Howard, Sprout Social's CEO and co-founder. "We've always embraced change as a catalyst for growth. As a founder, shareholder, board member and soon to be Executive Chairman, I am thrilled to be succeeded by one
CHICAGO, April 08, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the first quarter ending March 31, 2024 after market close on Thursday, May 2, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, May 2, 2024. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I1913153. The live webcast of the conference call can be accessed from S
CHICAGO, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its fourth quarter ended December 31, 2023. "We're pleased to share incredibly strong fourth quarter results," said Justyn Howard, Sprout Social's CEO and co-founder. "We're building an enduring software company centered on amazing products, amazing people and overdelivering for our customers every day. We delivered step change growth in current & total contract value bookings and were recently named the #1 best software product by G2, which we believe posit
CHICAGO, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the fourth quarter ending December 31, 2023 after market close on Tuesday, February 20, 2024. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Tuesday, February 20, 2024. Online registration for this event conference call can be found at https://conferencingportals.com/event/LOdFIxuX. The live webcast of the conference call can be ac
CHICAGO, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its third quarter ended September 30, 2023. "We're pleased to share incredibly strong third quarter results," said Justyn Howard, Sprout Social's CEO and co-founder. "We're building an enduring software company centered on amazing products, amazing people and overdelivering for our customers every day. Our fantastic business results and outlook reflect strong execution against these goals." Third Quarter 2023 Financial Highlights Revenue Revenue was $85.5
CHICAGO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that it will report its financial results for the third quarter ending September 30, 2023 after market close on Thursday, November 2, 2023. The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) on Thursday, November 2, 2023. Online registration for this event conference call can be found at https://conferencingportals.com/event/KXqdWaBd. The live webcast of the conference call can be ac
CHICAGO, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Mike Wolff to Chief Revenue Officer, effective September 2, 2024. As Chief Revenue Officer, Wolff will oversee Sprout's global Sales, Success and Partnerships organization. He will focus on the continued global growth and expansion of Sprout's innovative offerings. Wolff brings more than 20 years of experience leading global sales and technology organizations. He recently served as Chief Revenue Officer of Salesforce.org, where he led the company's global sales and solu
CHICAGO, June 11, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Erika Trautman to chief product officer, effective July 15, 2024. As chief product officer, Trautman will oversee Sprout's global product organization and focus on elevating and expanding Sprout's innovative product offering. Trautman brings more than 15 years of experience in technology to Sprout with a career that has spanned work as a start-up founder to the management of billion-user products. Prior to Sprout, Trautman was the senior vice president and general manag
CHICAGO, March 14, 2024 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Crystal Boysen to chief people officer (CPO), effective March 25, 2024. As CPO, Boysen will oversee Sprout's global people function and have an essential role in building and elevating Sprout's world-class team. Boysen brings more than 15 years of deep, cross-functional HR experience. Prior to Sprout, Boysen was the CPO at Vimeo where she was responsible for driving a people-first organization and culture, and attracting, engaging and retaining talent globally as the
CHICAGO, Nov. 17, 2023 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social", the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced the appointment of Scott Morris to chief marketing officer (CMO), effective December 4, 2023. As CMO, Morris will oversee Sprout's global marketing organization and be a key contributor to Sprout's continued growth. Morris brings more than 25 years of experience leading key strategic marketing initiatives at both B2B and B2C tech companies. Prior to Sprout, Morris held executive leadership positions at Zendesk including SVP Global Marketing and Acting CMO, during which time he led the com
CHICAGO, June 16, 2021 (GLOBE NEWSWIRE) -- Sprout Social, Inc. ("Sprout Social" or the "Company") (NASDAQ:SPT), an industry-leading provider of cloud-based social media management software, today announced that Thomas Stanley, Chief Revenue Officer at Tanium, will be joining their board of directors, effective June 16, 2021. "Thomas has been an exceptional leader in the technology industry for more than two decades and we're excited for him to bring his deep sales, go-to-market strategy and partnership experience to our board," said Justyn Howard, CEO of Sprout Social. "As Sprout continues to accelerate our growth, his perspective and expertise will help us continue to capture the opportu
CHICAGO, Dec. 10, 2020 (GLOBE NEWSWIRE) -- Sprout Social, Inc. (“Sprout Social” or the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced that Raina Moskowitz, Chief Operations, Strategy and People Officer at Etsy, Inc., will be joining their board of directors, effective December 10, 2020. “As Sprout expands our footprint within the industry, we’re excited to have Raina join our board,” said Justyn Howard, CEO of Sprout Social. “She brings deep experience across several disciplines, has a proven track record with world-class companies and is a perfect complement to our board of directors and leadership team.” Raina
Scotiabank initiated coverage of Sprout Social with a rating of Sector Perform and set a new price target of $28.00
KeyBanc Capital Markets downgraded Sprout Social from Sector Weight to Underweight and set a new price target of $28.00
William Blair downgraded Sprout Social from Outperform to Mkt Perform
Goldman downgraded Sprout Social from Buy to Neutral and set a new price target of $44.00 from $80.00 previously
KeyBanc Capital Markets downgraded Sprout Social from Overweight to Sector Weight
Robert W. Baird downgraded Sprout Social from Outperform to Neutral and set a new price target of $45.00 from $72.00 previously
Piper Sandler downgraded Sprout Social from Overweight to Neutral and set a new price target of $40.00 from $66.00 previously
BTIG Research downgraded Sprout Social from Buy to Neutral
Oppenheimer initiated coverage of Sprout Social with a rating of Outperform and set a new price target of $76.00
KeyBanc Capital Markets initiated coverage of Sprout Social with a rating of Overweight and set a new price target of $83.00
10-Q - Sprout Social, Inc. (0001517375) (Filer)
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10-Q - Sprout Social, Inc. (0001517375) (Filer)
8-K - Sprout Social, Inc. (0001517375) (Filer)
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