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.
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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