SPS Commerce (NASDAQ:SPSC) Stock Rating Lowered by BidaskClub

SPS Commerce (NASDAQ:SPSC) was downgraded by equities researchers at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, June 27th, BidAskClub reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Investment Research lowered shares of W. R. Grace & Co from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. JMP Securities raised their price target on shares of SPS Commerce from $98.00 to $120.00 and gave the company a “market outperform” rating in a report on Friday, April 26th. ValuEngine upgraded shares of Zynerba Pharmaceuticals from a “sell” rating to a “hold” rating in a research note on Monday, April 1st. Oppenheimer increased their price objective on shares of SPS Commerce from $112.00 to $120.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, Northland Securities reiterated a “hold” rating on shares of Lendingtree in a research note on Friday, April 26th. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $110.58.

Shares of NASDAQ SPSC traded down $1.81 on Thursday, hitting $100.60. The company’s stock had a trading volume of 85,245 shares, compared to its average volume of 124,126. SPS Commerce has a 12-month low of $75.67 and a 12-month high of $115.00. The stock has a market cap of $1.83 billion, a P/E ratio of 82.46, a price-to-earnings-growth ratio of 4.26 and a beta of 0.67. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.82 and a quick ratio of 4.82. The company has a 50 day simple moving average of $104.27.

SPS Commerce (NASDAQ:SPSC) last announced its quarterly earnings results on Thursday, April 25th. The software maker reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.30. SPS Commerce had a net margin of 10.71% and a return on equity of 8.67%. The company had revenue of $66.93 million for the quarter, compared to the consensus estimate of $66.16 million. During the same quarter in the prior year, the firm earned $0.39 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that SPS Commerce will post 1.6 earnings per share for the current fiscal year.

In related news, Director Sven Wehrwein sold 2,644 shares of SPS Commerce stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $105.00, for a total value of $277,620.00. Following the sale, the director now directly owns 9,235 shares in the company, valued at approximately $969,675. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Archie C. Black sold 2,635 shares of SPS Commerce stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $109.00, for a total transaction of $287,215.00. Following the completion of the sale, the chief executive officer now owns 73,344 shares in the company, valued at $7,994,496. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,949 shares of company stock worth $4,100,372. Insiders own 3.34% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. Public Employees Retirement System of Ohio acquired a new position in SPS Commerce during the 4th quarter valued at about $55,000. O Shaughnessy Asset Management LLC acquired a new position in SPS Commerce during the 4th quarter valued at about $74,000. Meeder Asset Management Inc. increased its stake in SPS Commerce by 378.9% during the 1st quarter. Meeder Asset Management Inc. now owns 704 shares of the software maker’s stock valued at $75,000 after buying an additional 557 shares during the period. Pearl River Capital LLC acquired a new position in SPS Commerce during the 1st quarter valued at about $78,000. Finally, Penserra Capital Management LLC acquired a new position in SPS Commerce during the 1st quarter valued at about $90,000. Hedge funds and other institutional investors own 95.27% of the company’s stock.

About SPS Commerce

SPS Commerce, Inc provides cloud-based supply chain management solutions worldwide. It offers solutions through the SPS Commerce platform, a cloud-based platform that enhances the way retailers, suppliers, grocers, distributors, and logistics firms manage and fulfill orders, administer sell-through performance, and source new items.

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Analyst Recommendations for SPS Commerce (NASDAQ:SPSC)

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