Added to YB: 2026-07-28
Pitch date: 2026-07-25
SPSC [neutral]
SPS Commerce, Inc.
+4.64%
current return
Author Info
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Company Info
SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States. It offers solutions through SPS Commerce, a cloud-based platform that connects retailers, brands, distributors, manufacturers, and logistics providers, handling the complexity of modern commerce operations.
Market Cap
$2.2B
Pitch Price
$62.74
Price Target
N/A
Dividend
N/A
EV/EBITDA
11.46
P/E
25.39
EV/Sales
2.75
Sector
Software
Category
special_situation
$SPSC: a de-rated EDI network hires a banker while activists push for a sale
SPSC (overview): Dominant cloud EDI network (50k+ retailers/suppliers) hired Morgan Stanley for sale process amid Anson/Irenic activist pressure. Stock -60% to ~$60 on growth reset (18%→6-7% guide). EV $2.06B, 2.7x rev, 9x EBITDA. July 30 Q2 print key catalyst. Risk: process ≠ deal, AI-EDI threat.
Read full article (2 min)