SPS Commerce (NASDAQ:SPSC) Sets New 12-Month Low – Time to Sell?

SPS Commerce, Inc. (NASDAQ:SPSC)’s stock price reached a new 52-week low on Tuesday . The company traded as low as $144.14 and last traded at $145.01, with a volume of 24443 shares traded. The stock had previously closed at $146.21.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on SPSC shares. Northland Securities reaffirmed a “market perform” rating and set a $181.00 price target (down from $209.00) on shares of SPS Commerce in a research note on Tuesday, February 11th. Stifel Nicolaus lowered their price target on shares of SPS Commerce from $225.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Needham & Company LLC lowered their price target on shares of SPS Commerce from $230.00 to $210.00 and set a “buy” rating on the stock in a research note on Tuesday, February 11th. Robert W. Baird lowered their price objective on shares of SPS Commerce from $188.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Piper Sandler lowered their price objective on shares of SPS Commerce from $198.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $207.11.

SPS Commerce Stock Performance

The firm has a market capitalization of $5.49 billion, a PE ratio of 69.96 and a beta of 0.88. The company’s fifty day moving average price is $183.99 and its two-hundred day moving average price is $187.82.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings data on Monday, February 10th. The software maker reported $0.66 earnings per share for the quarter, missing the consensus estimate of $0.87 by ($0.21). SPS Commerce had a return on equity of 12.60% and a net margin of 12.83%. On average, equities analysts expect that SPS Commerce, Inc. will post 2.38 earnings per share for the current year.

Insider Transactions at SPS Commerce

In other SPS Commerce news, EVP Dan Juckniess sold 9,819 shares of the firm’s stock in a transaction on Thursday, January 30th. The stock was sold at an average price of $184.66, for a total value of $1,813,176.54. Following the sale, the executive vice president now directly owns 22,570 shares in the company, valued at approximately $4,167,776.20. This trade represents a 30.32 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Kimberly K. Nelson sold 9,290 shares of the firm’s stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $184.68, for a total value of $1,715,677.20. Following the completion of the sale, the chief financial officer now owns 156,292 shares in the company, valued at $28,864,006.56. The trade was a 5.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,230 shares of company stock valued at $6,379,187. 1.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On SPS Commerce

Several hedge funds and other institutional investors have recently bought and sold shares of SPSC. Vanguard Group Inc. increased its stake in SPS Commerce by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,630,859 shares of the software maker’s stock worth $852,032,000 after purchasing an additional 67,687 shares in the last quarter. State Street Corp increased its stake in SPS Commerce by 1.1% in the 3rd quarter. State Street Corp now owns 1,444,083 shares of the software maker’s stock worth $280,398,000 after purchasing an additional 16,357 shares in the last quarter. FMR LLC increased its stake in SPS Commerce by 109.7% in the 4th quarter. FMR LLC now owns 1,419,831 shares of the software maker’s stock worth $261,235,000 after purchasing an additional 742,686 shares in the last quarter. Conestoga Capital Advisors LLC increased its stake in SPS Commerce by 1.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,248,581 shares of the software maker’s stock worth $242,437,000 after purchasing an additional 21,170 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in SPS Commerce by 1.5% in the 3rd quarter. Geode Capital Management LLC now owns 937,321 shares of the software maker’s stock worth $182,287,000 after purchasing an additional 14,174 shares in the last quarter. 98.96% of the stock is currently owned by institutional investors.

SPS Commerce Company Profile

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.