SPS Commerce (NASDAQ: SPSC) recently received a number of ratings updates from brokerages and research firms:
- 9/29/2016 – SPS Commerce is now covered by analysts at Pacific Crest. They set an “overweight” rating and a $85.00 price target on the stock.
- 9/28/2016 – SPS Commerce was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “SPS Commerce is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics to its customers worldwide. The Company delivers its solutions over the Internet using a Software-as-a-Service model to improve the way suppliers, retailers, distributors and other customers manage and fulfill orders. The Company’s delivery model also enables it to offer greater functionality, integration and reliability with less cost and risk than traditional solutions. The Company provides its solutions through SPSCommerce.net, a hosted software. SPSCommerce.net uses pre-built integrations to eliminate the need for on-premise software and support staff, which enables its supplier customers to shorten supply cycle times, optimize inventory levels, reduce costs and satisfy retailer requirements. SPS Commerce is headquartered in Minneapolis. “
- 9/26/2016 – SPS Commerce had its price target raised by analysts at Needham & Company LLC from $70.00 to $83.00. They now have a “buy” rating on the stock.
- 9/26/2016 – SPS Commerce is now covered by analysts at First Analysis. They set an “overweight” rating and a $86.00 price target on the stock.
Shares of SPS Commerce Inc. (NASDAQ:SPSC) traded down 0.06% on Wednesday, reaching $72.52. The company’s stock had a trading volume of 5,623 shares. SPS Commerce Inc. has a 12-month low of $38.35 and a 12-month high of $78.29. The firm has a 50 day moving average price of $68.55 and a 200-day moving average price of $57.89. The stock has a market cap of $1.23 billion, a PE ratio of 259.00 and a beta of 1.17.
SPS Commerce (NASDAQ:SPSC) last posted its quarterly earnings results on Wednesday, July 27th. The company reported $0.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.03. SPS Commerce had a return on equity of 3.84% and a net margin of 2.73%. The company had revenue of $474 million for the quarter, compared to analysts’ expectations of $47.06 million. During the same period last year, the firm earned $0.18 earnings per share. SPS Commerce’s quarterly revenue was up 22.2% on a year-over-year basis. Equities research analysts expect that SPS Commerce Inc. will post $0.98 EPS for the current year.
In other SPS Commerce news, Director Michael A. Smerklo sold 581 shares of the firm’s stock in a transaction on Tuesday, August 2nd. The stock was sold at an average price of $65.74, for a total value of $38,194.94. Following the sale, the director now directly owns 1,340 shares in the company, valued at $88,091.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael A. Smerklo sold 580 shares of the firm’s stock in a transaction on Friday, September 2nd. The shares were sold at an average price of $67.40, for a total value of $39,092.00. Following the completion of the sale, the director now owns 760 shares in the company, valued at $51,224. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.
SPS Commerce, Inc is a provider of cloud-based supply chain management solutions. The Company provides integrations and retail performance analytics across the world. The Company provides its solutions through the SPS Commerce platform, a cloud-based product suite that enables suppliers, retailers, distributors and other customers to place, manage and fulfill orders.
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