SPS Commerce (NASDAQ:SPSC) Hits New 1-Year Low – Should You Sell?

SPS Commerce, Inc. (NASDAQ:SPSC) shares hit a new 52-week low during mid-day trading 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.

Analyst Upgrades and Downgrades

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

SPS Commerce Trading Down 2.1 %

The stock’s 50-day moving average is $181.95 and its 200-day moving average is $187.15. The company has a market cap of $5.39 billion, a price-to-earnings ratio of 70.36 and a beta of 0.88.

SPS Commerce (NASDAQ:SPSC) last released its earnings results on Monday, February 10th. The software maker reported $0.66 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.21). SPS Commerce had a net margin of 12.08% and a return on equity of 12.27%. As a group, analysts predict that SPS Commerce, Inc. will post 2.73 EPS for the current year.

Insider Activity at SPS Commerce

In other news, 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 value of $1,682,326.10. Following the completion of the sale, the chief financial officer now owns 147,002 shares in the company, valued at $26,620,592.18. This represents a 5.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 transaction of $1,168,007.61. Following the completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Insiders have sold 34,230 shares of company stock worth $6,379,187 in the last quarter. Company insiders own 1.00% of the company’s stock.

Institutional Trading of SPS Commerce

Several institutional investors and hedge funds have recently made changes to their positions in SPSC. Exchange Traded Concepts LLC raised its holdings in shares of SPS Commerce by 63.1% in the third quarter. Exchange Traded Concepts LLC now owns 659 shares of the software maker’s stock valued at $128,000 after purchasing an additional 255 shares during the last quarter. Creative Planning raised its holdings in shares of SPS Commerce by 13.6% in the third quarter. Creative Planning now owns 10,069 shares of the software maker’s stock valued at $1,955,000 after purchasing an additional 1,204 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of SPS Commerce by 140.8% in the third quarter. Blue Trust Inc. now owns 171 shares of the software maker’s stock valued at $32,000 after purchasing an additional 100 shares during the last quarter. Signaturefd LLC raised its holdings in shares of SPS Commerce by 26.0% in the third quarter. Signaturefd LLC now owns 334 shares of the software maker’s stock valued at $65,000 after purchasing an additional 69 shares during the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of SPS Commerce by 9,418.6% in the third quarter. International Assets Investment Management LLC now owns 9,709 shares of the software maker’s stock valued at $1,885,000 after purchasing an additional 9,607 shares during the last quarter. Hedge funds and other institutional investors own 98.96% of the company’s stock.

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.