DA Davidson Comments on SPS Commerce, Inc.’s Q1 2024 Earnings (NASDAQ:SPSC)

SPS Commerce, Inc. (NASDAQ:SPSCFree Report) – Analysts at DA Davidson issued their Q1 2024 earnings per share (EPS) estimates for shares of SPS Commerce in a report released on Friday, February 9th. DA Davidson analyst G. Luria anticipates that the software maker will post earnings per share of $0.52 for the quarter. DA Davidson currently has a “Buy” rating and a $200.00 price objective on the stock. The consensus estimate for SPS Commerce’s current full-year earnings is $2.21 per share. DA Davidson also issued estimates for SPS Commerce’s FY2024 earnings at $2.35 EPS.

A number of other equities analysts have also recently weighed in on SPSC. Northland Securities raised SPS Commerce from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $175.00 to $177.00 in a report on Friday, October 27th. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, SPS Commerce has a consensus rating of “Moderate Buy” and a consensus price target of $196.40.

View Our Latest Analysis on SPSC

SPS Commerce Trading Down 4.7 %

Shares of NASDAQ SPSC opened at $201.14 on Monday. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 114.28 and a beta of 0.82. SPS Commerce has a 1-year low of $137.52 and a 1-year high of $218.74. The stock’s 50-day moving average is $186.13 and its 200 day moving average is $176.79.

Insider Transactions at SPS Commerce

In other news, Director Marty M. Reaume sold 3,285 shares of SPS Commerce stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $190.61, for a total value of $626,153.85. Following the sale, the director now directly owns 7,383 shares in the company, valued at approximately $1,407,273.63. The sale was disclosed in a filing with the SEC, which is available through this link. In other SPS Commerce news, Director Archie C. Black sold 20,075 shares of SPS Commerce stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $172.94, for a total transaction of $3,471,770.50. Following the completion of the transaction, the director now owns 60,043 shares in the company, valued at $10,383,836.42. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marty M. Reaume sold 3,285 shares of SPS Commerce stock in a transaction on Tuesday, December 19th. The shares were sold at an average price of $190.61, for a total value of $626,153.85. Following the transaction, the director now owns 7,383 shares of the company’s stock, valued at approximately $1,407,273.63. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,029 shares of company stock worth $11,033,854. 1.20% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SPSC. International Assets Investment Management LLC purchased a new position in SPS Commerce during the third quarter valued at $25,000. McGlone Suttner Wealth Management Inc. purchased a new position in SPS Commerce during the fourth quarter valued at $26,000. NBC Securities Inc. purchased a new position in shares of SPS Commerce in the third quarter worth $35,000. Huntington National Bank raised its stake in shares of SPS Commerce by 66.1% in the second quarter. Huntington National Bank now owns 201 shares of the software maker’s stock worth $39,000 after purchasing an additional 80 shares during the last quarter. Finally, RiverPark Advisors LLC purchased a new position in shares of SPS Commerce in the third quarter worth $42,000. Hedge funds and other institutional investors own 98.96% of the company’s stock.

SPS Commerce Company Profile

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SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill omnichannel orders, optimize sell-through performance, and automate new trading relationships.

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