Shares of SPS Commerce, Inc. (NASDAQ:SPSC) have been assigned an average rating of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $83.83.
A number of research analysts have weighed in on SPSC shares. Oppenheimer lifted their price target on shares of SPS Commerce from $72.00 to $83.00 and gave the company an “outperform” rating in a research report on Thursday, June 7th. BidaskClub raised shares of SPS Commerce from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, September 18th. Benchmark raised shares of SPS Commerce from a “hold” rating to a “buy” rating in a research report on Friday, July 27th. Needham & Company LLC reissued a “buy” rating and set a $82.00 target price on shares of SPS Commerce in a research report on Friday, July 27th. Finally, Stifel Nicolaus boosted their target price on shares of SPS Commerce from $82.00 to $90.00 and gave the stock a “buy” rating in a research report on Friday, July 27th.
SPSC stock traded up $3.22 during midday trading on Thursday, reaching $98.42. 121,894 shares of the company’s stock traded hands, compared to its average volume of 149,389. The stock has a market cap of $1.70 billion, a price-to-earnings ratio of 234.33, a price-to-earnings-growth ratio of 4.24 and a beta of 0.77. SPS Commerce has a fifty-two week low of $45.02 and a fifty-two week high of $100.68.
In other news, COO James J. Frome sold 3,280 shares of the business’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $90.00, for a total transaction of $295,200.00. Following the transaction, the chief operating officer now directly owns 31,892 shares of the company’s stock, valued at $2,870,280. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Martin J. Leestma sold 5,316 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $99.35, for a total transaction of $528,144.60. Following the transaction, the director now directly owns 20,935 shares in the company, valued at $2,079,892.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,811 shares of company stock worth $4,128,745. Corporate insiders own 2.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. We Are One Seven LLC lifted its position in shares of SPS Commerce by 734.0% during the first quarter. We Are One Seven LLC now owns 2,060 shares of the software maker’s stock worth $132,000 after purchasing an additional 1,813 shares in the last quarter. SG Americas Securities LLC acquired a new stake in SPS Commerce in the first quarter valued at $132,000. NumerixS Investment Technologies Inc acquired a new stake in SPS Commerce in the second quarter valued at $156,000. Macquarie Group Ltd. raised its holdings in SPS Commerce by 223.7% in the second quarter. Macquarie Group Ltd. now owns 2,564 shares of the software maker’s stock valued at $188,000 after acquiring an additional 1,772 shares in the last quarter. Finally, Amalgamated Bank acquired a new stake in SPS Commerce in the second quarter valued at $202,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.
SPS Commerce Company Profile
SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It provides solutions through the SPS Commerce platform, a cloud-based product suite that enhances the way retailers, suppliers, distributors, logistics firms, and other trading partners manage and fulfill orders, manage sell-through performance, and source new items.
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