Stifel Nicolaus Sticks to Its Buy Rating for SPS Commerce (SPSC)

Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on SPS Commerce (SPSC – Research Report) today and set a price target of $200.00. The company’s shares closed yesterday at $169.43.

Parker Lane covers the Technology sector, focusing on stocks such as Salesforce, Intapp, and Adobe. According to TipRanks, Parker Lane has an average return of -4.0% and a 39.90% success rate on recommended stocks.

SPS Commerce has an analyst consensus of Strong Buy, with a price target consensus of $200.67, a 18.44% upside from current levels. In a report released today, Loop Capital Markets also reiterated a Buy rating on the stock with a $205.00 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.