Robert W. Baird Keeps Their Buy Rating on SPS Commerce (SPSC)

Robert W. Baird analyst Joseph Vruwink maintained a Buy rating on SPS Commerce (SPSCResearch Report) on April 28 and set a price target of $156.00. The company’s shares closed last Friday at $119.63.

According to TipRanks.com, Vruwink is a 1-star analyst with an average return of -1.8% and a 36.9% success rate. Vruwink covers the Technology sector, focusing on stocks such as Manhattan Associates, Instructure Holdings, and Bentley Systems.

Currently, the analyst consensus on SPS Commerce is a Strong Buy with an average price target of $173.20, implying a 42.6% upside from current levels. In a report released yesterday, JMP Securities also maintained a Buy rating on the stock with a $160.00 price target.

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SPS Commerce’s market cap is currently $4.41B and has a P/E ratio of 100.99.

Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SPSC in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

SPS Commerce, Inc. provides cloud-based supply chain management services. The firm serves retailers, suppliers, grocers, distributors and logistics firms to orchestrate the management of item data, order fulfillment, inventory control and sales analytics across all channels. Its SPS Commerce cloud services platform offers Trading Partner Community, Fulfillment, Assortment, Analytics, Sourcing, and Other Trading Partner Solutions. The company was founded by Gary W. Anderson and Roger Anderson on January 28, 1987 and is headquartered in Minneapolis, MN.

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