Short interest for SPS Commerce gives investors a sense of the degree to which investors are betting on the decline of SPS Commerce's stock. Short interest data is updated every two weeks.

SPS Commerce Stock (NASDAQ:SPSC), Short Interest Report

SPS Commerce

SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.

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SPSC

U.S. stocks traded mixed, with the Nasdaq Composite gaining around 100 points on Friday.

Shares of  SPS Commerce, Inc. (NASDAQ: SPSC) rose sharply during Friday’s session following upbeat results.

SPS Commerce Posts Upbeat Results, Joins Masonite International, Impinj And Other Big Stocks Moving Higher On Friday

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BTDR

The most overbought stocks in the information technology sector presents an opportunity to go short on these overvalued companies.

Top 5 Tech Stocks That May Crash In Q2

SPS Commerce Inc

SPS Commerce's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NYSE">SPSC</a>) short percent of float has fallen 3.39% since its last report. The company recently reported that it has 609 thousand shares sold short, which is 2.28% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.86 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SPS Commerce Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714680911_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SPS Commerce has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SPS Commerce's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SPS Commerce's peer group average for short interest as a percentage of float is 5.87%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About SPS Commerce?

4 analysts have shared their evaluations of SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) during the recent three months, expressing a mix of bullish and bearish perspectives.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
In the assessment of 12-month price targets, analysts unveil insights for SPS Commerce, presenting an average target of $201.0, a high estimate of $216.00, and a low estimate of $178.00. This current average reflects an increase of 16.86% from the previous average price target of $172.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1714143620_0.png" alt="price target chart" />
<h2>Decoding Analyst Ratings: A Detailed Look</h2>
The perception of SPS Commerce by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joe Vruwink</td>
<td>Baird</td>
<td>Raises</td>
<td>Neutral</td>
<td>$178.00</td>
<td>$172.00</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$205.00</td>
<td>-</td>
</tr>
<tr>
<td>George Kurosawa</td>
<td>Citigroup</td>
<td>Announces</td>
<td>Buy</td>
<td>$216.00</td>
<td>-</td>
</tr>
<tr>
<td>Scott Berg</td>
<td>Needham</td>
<td>Maintains</td>
<td>Buy</td>
<td>$205.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to SPS Commerce. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of SPS Commerce compared to the broader market.</li>
<li>Price Targets: Analysts navigate through adjustments in price targets, providing estimates for SPS Commerce's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of SPS Commerce's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/SPSC/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on SPS Commerce analyst ratings.</a>
<h2>Unveiling the Story Behind SPS Commerce</h2>
SPS Commerce Inc is a provider of cloud-based supply chain management services for retailers, grocers, distributors, suppliers, and logistics firms to increase supply chain performance, optimize inventory levels and sell-through, reduce operational costs, improve order visibility, and satisfy consumer demands for a seamless omnichannel experience. Its solutions are delivered through the SPS Commerce platform and provide integrations and retail performance analytics to its customers. Its products are; Fulfillment, Analytics, and Other products like Assortment and Community also it provides one-time services such as professional services and testing and certification. The group derives revenue from recurring monthly fees and set-up fees.
<h3>Financial Insights: SPS Commerce</h3>
Market Capitalization Perspectives: The company's market capitalization falls below industry averages, signaling a relatively smaller size compared to peers. This positioning may be influenced by factors such as perceived growth potential or operational scale.
Revenue Growth: Over the 3 months period, SPS Commerce showcased positive performance, achieving a revenue growth rate of 18.81% as of 31 December, 2023. This reflects a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: SPS Commerce's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 13.11%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): SPS Commerce's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 2.94% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.36%, the company showcases effective utilization of assets.
Debt Management: With a below-average debt-to-equity ratio of 0.02, SPS Commerce adopts a prudent financial strategy, indicating a balanced approach to debt management.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Key Takeaways From SPS Commerce Analyst Ratings

Baird analyst Joe Vruwink maintains SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Neutral and raises the price target from $172 to $178.

Baird Maintains Neutral on SPS Commerce, Raises Price Target to $178

WIIM

SPS Commerce shares are trading higher after the company reported better-than-expected Q1 financial results.

Needham analyst Scott Berg reiterates SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Buy and maintains $205 price target.

Reiteration

Needham Reiterates Buy on SPS Commerce, Maintains $205 Price Target

SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) reported quarterly earnings of $0.86 per share which beat the analyst consensus estimate of $0.74 by 16.22 percent. The company reported quarterly sales of $149.576 million which beat the analyst consensus estimate of $146.564 million by 2.05 percent. This is a 18.84 percent increase over sales of $125.868 million the same period last year.

Earnings

Earnings Beats

SPS Commerce Q1 2024 Adj EPS $0.86 Beats $0.74 Estimate, Sales $149.576M Beat $146.564M Estimate

SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) has outperformed the market over the past 15 years by 11.42% on an annualized basis producing an average annual return of 24.03%. Currently, SPS Commerce has a market capitalization of $6.38 billion. 
Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 15 years ago, it would be worth $2,528.24 today based on a price of $171.92 for SPSC at the time of writing.
<h3>SPS Commerce's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712763022_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In SPS Commerce 15 Years Ago Would Be Worth This Much Today

SPS Commerce Acquired SAP B1 SPS Integration Technology From Vision33, An Expert In EDI System Automation

SPS Commerce's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NYSE">SPSC</a>) short percent of float has fallen 11.94% since its last report. The company recently reported that it has 634 thousand shares sold short, which is 2.36% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.37 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>SPS Commerce Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1712584826_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for SPS Commerce has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing SPS Commerce's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, SPS Commerce's peer group average for short interest as a percentage of float is 5.43%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) has outperformed the market over the past 10 years by 8.87% on an annualized basis producing an average annual return of 19.61%. Currently, SPS Commerce has a market capitalization of $6.84 billion. 
Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 10 years ago, it would be worth $590.83 today based on a price of $184.90 for SPSC at the time of writing.
<h3>SPS Commerce's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1711724412_0_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In SPS Commerce 10 Years Ago Would Be Worth This Much Today

Citigroup analyst George Kurosawa initiates coverage on SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) with a Buy rating and announces Price Target of $216.

Initiation

Citigroup Initiates Coverage On SPS Commerce with Buy Rating, Announces Price Target of $216

SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) has outperformed the market over the past 10 years by 8.07% on an annualized basis producing an average annual return of 18.62%. Currently, SPS Commerce has a market capitalization of $6.82 billion. 
Buying $1000 In SPSC: If an investor had bought $1000 of SPSC stock 10 years ago, it would be worth $5,721.91 today based on a price of $184.59 for SPSC at the time of writing.
<h3>SPS Commerce's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1710187225_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 10 Years Ago Would Be Worth $5,700 Today

SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) has outperformed the market over the past 10 years by 8.46% on an annualized basis producing an average annual return of 18.84%. Currently, SPS Commerce has a market capitalization of $6.85 billion. 
Buying $100 In SPSC: If an investor had bought $100 of SPSC stock 10 years ago, it would be worth $566.88 today based on a price of $186.68 for SPSC at the time of writing.
<h3>SPS Commerce's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1708549218_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

<h3>Gainers</h3>
<ul>
<li>Cleanspark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) shares rose 29.3% to $13.58 during Friday's regular session. The company's market cap stands at $2.6 billion. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Meta Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MMAT#NASDAQ">MMAT</a>) shares increased by 24.11% to $3.5. The market value of their outstanding shares is at $19.7 million. </li>
<li>Cloudflare (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>) stock rose 23.64% to $111.66. The company's market cap stands at $37.4 billion. The company's, Q4 earnings came out yesterday. </li>
<li>Aeva Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEVA#NYSE">AEVA</a>) stock rose 20.57% to $1.06. The market value of their outstanding shares is at $277.6 million. </li>
<li>SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) shares rose 15.63% to $212.5. The market value of their outstanding shares is at $7.7 billion. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>) shares increased by 14.8% to $5.86. The company's market cap stands at $392.8 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>EMCORE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EMKR#NASDAQ">EMKR</a>) stock fell 34.8% to $0.41 during Friday's regular session. The company's market cap stands at $31.6 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>MicroAlgo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MLGO#NASDAQ">MLGO</a>) shares declined by 33.76% to $0.69. The company's market cap stands at $41.0 million. </li>
<li>Lantronix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LTRX#NASDAQ">LTRX</a>) shares fell 30.99% to $4.01. The company's market cap stands at $149.4 million. The company's, Q2 earnings came out yesterday. </li>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock declined by 24.99% to $21.53. The market value of their outstanding shares is at $127.9 million. </li>
<li>eGain (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGAN#NASDAQ">EGAN</a>) stock fell 23.55% to $5.83. The company's market cap stands at $183.6 million. As per the news, the Q2 earnings report came out yesterday. </li>
<li>CCSC Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CCTG#NASDAQ">CCTG</a>) shares fell 17.27% to $3.93. The company's market cap stands at $44.7 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AEVA

CCTG

EGAN

EMKR

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

IREN

LTRX

MLGO

MMAT

12 Information Technology Stocks Moving In Friday's Intraday Session

SPS Commerce shares are trading higher after the company reported better-than-expected Q4 financial results.

U.S. stocks traded mixed, with the Nasdaq Composite gaining around 100 points on Friday.
Shares of SPS Commerce, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/spsc#NASDAQ">SPSC</a>) rose sharply during Friday&rsquo;s session <a href="https://www.benzinga.com/quote/SPSC/earnings">following upbeat results</a>.
SPS Commerce posted adjusted earnings of 75 cents per share, beating market estimates of 69 cents per share. The company&rsquo;s quarterly sales came in at $144.97 million versus expectations of $143.09 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
SPS Commerce shares jumped 10.2% to $202.57 on Friday.
Here are some other big stocks recording gains in today&rsquo;s session.
<ul>
<li>Masonite International Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/door#NYSE">DOOR</a>) gained 34.5% to $129.99 after Owens Corning announced it will acquire the company for $3.9 billion.</li>
<li>Cloudflare, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/net#NYSE">NET</a>) jumped 23.5% to $111.49 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance.</li>
<li>CleanSpark, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) shares rose 22% to $12.81 after the company reported a year-over-year increase in first-quarter GAAP EPS and better-than-expected sales results.</li>
<li>Centessa Pharmaceuticals plc (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cnta#NASDAQ">CNTA</a>) gained 20.5% to $8.99. Centessa Pharmaceuticals will present additional 52-weeks continuous treatment data from third year ongoing Phase 2a study of SerpinPC for treatment of hemophilia at 17th Annual Congress of European Association for Haemophilia and Allied Disorders.</li>
<li>IGM Biosciences, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/igms#NASDAQ">IGMS</a>) climbed 19.2% to $15.44.</li>
<li>Natural Grocers by Vitamin Cottage, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ngvc#NYSE">NGVC</a>) rose 18.2% to $17.51 following quarterly results.</li>
<li>Soho House &amp; Co Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/shco#NYSE">SHCO</a>) surged 15.7% to $5.79. Soho House announced its board evaluated certain strategic transactions in the fall of 2023.</li>
<li>Matrix Service Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mtrx#NASDAQ">MTRX</a>) gained 13.1% to $12.82.</li>
<li>Central Garden &amp; Pet Company (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cent#NASDAQ">CENT</a>) gained 10.4% to $43.03. Central Garden &amp; Pet reported better-than-expected first-quarter financial results.</li>
<li>Impinj, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pi#NASDAQ">PI</a>) rose 10.2% to $117.18 after the company reported better-than-expected fourth-quarter financial results and issued first-quarter guidance above estimates.</li>
<li>Blue Owl Capital Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/owl#NYSE">OWL</a>) gained 8.8% to $17.83 following upbeat results.</li>
<li>Ocular Therapeutix, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ocul#NASDAQ">OCUL</a>) shares surged 8.2% to $5.44. B of A Securities analyst Tazeen Ahmad initiated coverage on Ocular Therapeutix with a Buy rating and announced a price target of $15.</li>
<li>Mueller Water Products, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mwa#NYSE">MWA</a>) rose 8% to $14.99 following upbeat results.</li>
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<li>Lumentum Holdings Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lite#NASDAQ">LITE</a>) gained 7.4% to $49.10. Lumentum Holdings recently posted upbeat earnings.</li>
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<li>C3.ai, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ai#NYSE">AI</a>) gained 7% to $28.74.</li>
<li>Arvinas, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/arvn#NYSE">ARVN</a>) climbed 6.6% to $51.49.</li>
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&nbsp;
Now Read This: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/02/37032577/top-5-health-care-stocks-that-are-preparing-to-pump-in-february"> Top 5 Health Care Stocks That Are Preparing To Pump In February</a>

Guidance

SPS Commerce Sees Q1 Adj. EPS $0.72-$0.73 vs $0.74 Est., Revenue $145.9M-$146.7M vs $146.35M Est.; Sees FY24 Adj. EPS $1.75-$1.78 vs $3.15 Est., Revenue $616.5M-$619M vs $617.49M Est.

SPS Commerce (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPSC#NASDAQ">SPSC</a>) reported its Q4 earnings results on Thursday, February 8, 2024 at 04:05 PM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
SPS Commerce beat estimated earnings by 8.7%, reporting an EPS of $0.75 versus an estimate of $0.69.
Revenue was up $22.95 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company beat on EPS by $0.08 which was followed by a 0.68% drop in the share price the next day.
Here's a look at SPS Commerce's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.67</td>
<td>0.63</td>
<td>0.58</td>
<td>0.54</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.75</td>
<td>0.69</td>
<td>0.67</td>
<td>0.63</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>134.23M</td>
<td>128.82M</td>
<td>123.96M</td>
<td>120.79M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>135.66M</td>
<td>130.42M</td>
<td>125.87M</td>
<td>122.02M</td>
</tr>
</tbody>
</table>

To track all earnings releases for SPS Commerce <a href="https://www.benzinga.com/quote/SPSC/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SPS Commerce: Q4 Earnings Insights

SPS Commerce Non-GAAP EPS of $0.86 beats by $0.12, revenue of $149.58M beats by $2.63M

MXL, COLM and SPSC are among after hour movers

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
SPS Commerce (NASDAQ:<a href="https://investorplace.com/stock-quotes/spsc-stock-quote/">SPSC</a>) just reported results for the first quarter of 2024.<ul><li>SPS Commerce reported earnings per share of 86 cents. This was above the analyst estimate for EPS of 73 cents.</li><li>The company reported revenue of $149.58 million.</li><li>This was 2.06% better than the analyst estimate for revenue of $146.56 million.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/04/spsc-stock-earnings-sps-commerce-for-q1-of-2024/">SPSC Stock Earnings: SPS Commerce Beats EPS, Beats Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

SPSC Stock Earnings: SPS Commerce Beats EPS, Beats Revenue for Q1 2024

William Blair analyst Dylan Becker maintained a Hold rating on SPS Commerce (SPSC – Research Report) today. The company's shares closed yesterday a...

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SPS Commerce, Inc. (SPSC) Q1 2024 Earnings Call Transcript

SPS Commerce (SPSC – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Scott Berg from Needham...

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Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on SPS Commerce (SPSC – Research Report) today and set a price target of $200.00. Th...

Stifel Nicolaus Sticks to Its Buy Rating for SPS Commerce (SPSC)

There's a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ACM Research (ACMR – Research Report), SPS Commerce ...

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SPS Commerce Stock (NASDAQ:SPSC), Short Interest Report

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