SPS Commerce (NASDAQ:SPSC) Announces Earnings Results, Misses Expectations By $0.21 EPS

SPS Commerce (NASDAQ:SPSC) issued its quarterly earnings results on Monday. The software maker reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21), Zacks reports. SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. SPS Commerce updated its Q1 2025 guidance to 0.820-0.840 EPS and its FY 2025 guidance to 3.780-3.840 EPS.

SPS Commerce Stock Down 13.8 %

Shares of SPSC opened at $152.72 on Wednesday. The company has a 50-day simple moving average of $187.58 and a 200-day simple moving average of $189.54. The company has a market capitalization of $5.74 billion, a PE ratio of 73.07 and a beta of 0.88. SPS Commerce has a 52-week low of $148.00 and a 52-week high of $218.61.

Analysts Set New Price Targets

SPSC has been the subject of a number of analyst reports. Northland Securities restated a “market perform” rating and set a $181.00 price objective (down previously from $209.00) on shares of SPS Commerce in a research report on Tuesday. Citigroup cut their price objective on shares of SPS Commerce from $237.00 to $233.00 and set a “buy” rating for the company in a research report on Monday, January 27th. Piper Sandler cut their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday. Needham & Company LLC cut their price objective on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Stifel Nicolaus cut their price objective on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $207.11.

Insider Activity

In related news, EVP Dan Juckniess sold 5,831 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $200.31, for a total value of $1,168,007.61. Following the sale, the executive vice president now directly owns 23,833 shares of the company’s stock, valued at approximately $4,773,988.23. This represents a 19.66 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kimberly K. Nelson sold 9,290 shares of the stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $181.09, for a total transaction of $1,682,326.10. Following the completion of the sale, the chief financial officer now directly owns 147,002 shares in the company, valued at approximately $26,620,592.18. The trade was a 5.94 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,230 shares of company stock worth $6,379,187 in the last 90 days. 1.00% of the stock is currently owned by corporate insiders.

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.