SPS Commerce, Inc. (NASDAQ:SPSC) to Post Q2 2024 Earnings of $0.54 Per Share, DA Davidson Forecasts

SPS Commerce, Inc. (NASDAQ:SPSC) – Investment analysts at DA Davidson issued their Q2 2024 earnings estimates for shares of SPS Commerce in a research report issued to clients and investors on Friday, April 26th. DA Davidson analyst G. Luria forecasts that the software maker will post earnings of $0.54 per share for the quarter. The consensus estimate for SPS Commerce’s current full-year earnings is $2.13 per share. DA Davidson also issued estimates for SPS Commerce’s FY2025 earnings at $2.71 EPS.

A number of other brokerages have also commented on SPSC. Robert W. Baird increased their price objective on shares of SPS Commerce from $172.00 to $178.00 and gave the stock a “neutral” rating in a report on Friday, April 26th. Needham & Company LLC reissued a “buy” rating and set a $205.00 price objective on shares of SPS Commerce in a report on Friday, April 26th. StockNews.com lowered shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note on Friday, March 15th. Finally, Citigroup began coverage on shares of SPS Commerce in a research note on Wednesday, March 13th. They issued a “buy” rating and a $216.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $196.57.

SPS Commerce Stock Down 4.7 %

Shares of SPS Commerce stock opened at $173.87 on Monday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 95.01 and a beta of 0.79. The company has a 50-day simple moving average of $178.51 and a 200 day simple moving average of $179.35. SPS Commerce has a 12-month low of $145.17 and a 12-month high of $218.74.

SPS Commerce (NASDAQ:SPSC) last announced its earnings results on Thursday, February 8th. The software maker reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.07. The business had revenue of $144.97 million during the quarter, compared to analysts’ expectations of $143.05 million. SPS Commerce had a net margin of 12.23% and a return on equity of 12.06%.

Insider Activity

In other news, CFO Kimberly K. Nelson sold 12,907 shares of SPS Commerce stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total value of $2,315,644.87. Following the sale, the chief financial officer now directly owns 157,251 shares in the company, valued at $28,212,401.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Sven Wehrwein sold 2,408 shares of the firm’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $197.03, for a total value of $474,448.24. Following the completion of the transaction, the director now directly owns 15,747 shares of the company’s stock, valued at $3,102,631.41. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Kimberly K. Nelson sold 12,907 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $179.41, for a total transaction of $2,315,644.87. Following the completion of the transaction, the chief financial officer now directly owns 157,251 shares of the company’s stock, valued at $28,212,401.91. The disclosure for this sale can be found here. Insiders have sold 66,688 shares of company stock worth $12,122,275 over the last ninety days. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On SPS Commerce

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. McGlone Suttner Wealth Management Inc. acquired a new position in SPS Commerce in the fourth quarter valued at about $26,000. NBC Securities Inc. bought a new position in shares of SPS Commerce during the 3rd quarter worth approximately $35,000. RiverPark Advisors LLC bought a new position in shares of SPS Commerce in the 3rd quarter worth $42,000. CVA Family Office LLC bought a new position in shares of SPS Commerce in the 4th quarter worth $44,000. Finally, UMB Bank n.a. lifted its holdings in shares of SPS Commerce by 224.7% in the 1st quarter. UMB Bank n.a. now owns 237 shares of the software maker’s stock worth $44,000 after purchasing an additional 164 shares in the last quarter. 98.96% of the stock is owned by institutional investors.

About SPS Commerce

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