In a report released today, Gil Luria from D.A. Davidson maintained a Buy rating on SPS Commerce (SPSC – Research Report), with a price target of $225.00. The company’s shares closed yesterday at $193.52.
Luria covers the Technology sector, focusing on stocks such as Adobe, Appian, and Microsoft. According to TipRanks, Luria has an average return of 13.4% and a 56.16% success rate on recommended stocks.
SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $206.25, representing a 6.58% upside. In a report released today, Citi also maintained a Buy rating on the stock with a $222.00 price target.
The company has a one-year high of $218.74 and a one-year low of $151.64. Currently, SPS Commerce has an average volume of 195.1K.
Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPSC in relation to earlier this year. Most recently, in February 2024, Sven Wehrwein, a Director at SPSC sold 5,408.00 shares for a total of $1,055,859.56.
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SPS Commerce (SPSC) Company Description:
SPS Commerce, Inc. provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions. The company was founded by Gary W. Anderson and Roger Anderson on January 28, 1987 and is headquartered in Minneapolis, MN.
