The stock of Squarespace Inc. (NYSE:SQSP) last traded at $20.63, up 2.69% from the previous session.
SQSP stock price is now -3.40% away from the 50-day moving average and -9.04% away from the 200-day moving average. The market capitalization of the company currently stands at $2.88B.
With the price target enhanced from $22 to $30, Piper Sandler Upgraded its rating from Neutral to Overweight for Squarespace Inc. (NYSE: SQSP)., while ‘JMP Securities’ rates the stock as ‘Mkt Perform’.
In other news, Index Ventures Growth I Parall, 10% Owner sold 487,513 shares of the company’s stock on Oct 26. The stock was sold for $10,366,113 at an average price of $21.26. Upon completion of the transaction, the 10% Owner now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 26, 10% Owner Index Ventures Growth I Parall sold 24,015 shares of the business’s stock. A total of $539,009 was realized by selling the stock at an average price of $22.44. This leaves the insider owning 387,744 shares of the company worth $8.0 million. Insiders disposed of 9,680,723 shares of company stock worth roughly $199.71 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SQSP stock. A new stake in Squarespace Inc. shares was purchased by FIRST TRUST ADVISORS LP during the first quarter worth $22,676,000. FIRST EAGLE INVESTMENT MANAGEMENT, LLC invested $1,700,000 in shares of SQSP during the first quarter. In the first quarter, LANDSCAPE CAPITAL MANAGEMENT, L.L.C. acquired a new stake in Squarespace Inc. valued at approximately $1,488,000. WEISS MULTI-STRATEGY ADVISERS LLC acquired a new stake in SQSP for approximately $1,453,000. HOLOCENE ADVISORS, LP purchased a new stake in SQSP valued at around $1,106,000 in the second quarter. In total, there are 168 active investors with 79.90% ownership of the company’s stock.
With an opening price of $20.08 on Wednesday morning, Squarespace Inc. (NYSE: SQSP) set off the trading day. During the past 12 months, Squarespace Inc. has had a low of $14.43 and a high of $37.49. The fifty day moving average price for SQSP is $21.36 and a two-hundred day moving average price translates $22.68 for the stock.
The latest earnings results from Squarespace Inc. (NYSE: SQSP) was released for Jun, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.45, beating analysts’ expectations of $0.15 by 0.3. This compares to $0.02 EPS in the same period last year. The net profit margin was -4.10% and return on equity was 66.70% for SQSP. The company reported revenue of $217.7 million for the quarter, compared to $200.96 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 8.33 percent. For the current quarter, analysts expect SQSP to generate $215.66M in revenue.
Squarespace Inc.(SQSP) Company Profile
Squarespace, Inc. operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. Its suite of integrated products enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, and scheduling, as well as tools for managing a social media presence. It serves small and medium-sized businesses, and independent creators, such as restaurants, photographers, wedding planners, artists, musicians, and bloggers. Squarespace, Inc. was founded in 2003 and is headquartered in New York, New York.