Equities research analysts at Northland Securities hoisted their price target on shares of SPS Commerce (NASDAQ:SPSC) to $66.00 in a research note issued to investors on Friday, AnalystRatingsNetwork.com reports. Northland Securities’ price target points to a potential upside of 16.03% from the stock’s previous close.
Shares of SPS Commerce (NASDAQ: SPSC) opened at 56.005 on Friday. SPS Commerce has a one year low of $29.09 and a one year high of $59.60. The stock’s 50-day moving average is currently $55.23. The company has a market cap of $840.9 million and a P/E ratio of 720.00.
SPS Commerce (NASDAQ:SPSC) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.13 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.12 by $0.01. The company had revenue of $25.70 million for the quarter, compared to the consensus estimate of $24.57 million. During the same quarter in the prior year, the company posted $0.11 earnings per share. The company’s quarterly revenue was up 44.4% on a year-over-year basis. SPS Commerce has set its Q3 guidance at $0.11-0.13 EPS and its FY13 guidance at $0.49-0.51 EPS. On average, analysts predict that SPS Commerce will post $0.51 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Stifel Nicolaus raised their price target on shares of SPS Commerce from $46.00 to $60.00 in a research note to investors on Friday, June 28th. They now have a “buy” rating on the stock. Analysts at TheStreet downgraded shares of SPS Commerce from a “buy” rating to a “hold” rating in a research note to investors on Thursday, May 30th.
One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $51.86.
SPS Commerce, Inc is a provider of on-demand supply chain management solutions, providing integration, collaboration, connectivity, visibility and data analytics.