SPS Commerce (SPSC) Receives a Buy from D.A. Davidson

D.A. Davidson analyst Gil Luria maintained a Buy rating on SPS Commerce (SPSC – Research Report) today. The company’s shares closed last Friday at $165.49.

Luria covers the Technology sector, focusing on stocks such as Adobe, Microsoft, and Appian. According to TipRanks, Luria has an average return of 11.4% and a 50.37% success rate on recommended stocks.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for SPS Commerce with a $201.33 average price target.

Based on SPS Commerce’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $144.97 million and a net profit of $19.01 million. In comparison, last year the company earned a revenue of $122.02 million and had a net profit of $15.92 million

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.