In yesterday’s Wall Street session, Squarespace Inc. (NYSE:SQSP) shares traded at $27.54, up 14.56% from the previous session.
As of this writing, 13 analysts cover Squarespace Inc. (NYSE:SQSP). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $35.00 and a low of $20.00, we find $25.00. Given the previous closing price of $24.04, this indicates a potential upside of 3.99 percent. SQSP stock price is now 20.83% away from the 50-day moving average and 27.17% away from the 200-day moving average. The market capitalization of the company currently stands at $3.69B.
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There are 9 analysts who have given it a hold rating, whereas 3 have given it a buy rating. Brokers who have rated the stock have averaged $25.67 as their price target over the next twelve months.
, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, O’Connor Courtenay, General Counsel and Secretary sold 21,801 shares of the company’s stock on Feb 24. The stock was sold for $504,475 at an average price of $23.14. Upon completion of the transaction, the General Counsel and Secretary now directly owns 38,216 shares in the company, valued at $1.05 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 02, General Counsel and Secretary O’Connor Courtenay sold 7,028 shares of the business’s stock. A total of $177,316 was realized by selling the stock at an average price of $25.23. This leaves the insider owning 38,216 shares of the company worth $1.05 million. Insiders disposed of 12,998,994 shares of company stock worth roughly $357.99 million over the past 1 year. A total of 10.00% 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 WELLINGTON MANAGEMENT GROUP LLP during the first quarter worth $14,152,000. POLAR ASSET MANAGEMENT PARTNERS INC. invested $3,077,000 in shares of SQSP during the first quarter. In the first quarter, JANE STREET GROUP, LLC acquired a new stake in Squarespace Inc. valued at approximately $3,023,000. BALYASNY ASSET MANAGEMENT LLC acquired a new stake in SQSP for approximately $2,989,000. TWO SIGMA INVESTMENTS, LP purchased a new stake in SQSP valued at around $1,873,000 in the second quarter. In total, there are 187 active investors with 79.90% ownership of the company’s stock.
Tuesday morning saw Squarespace Inc. (NYSE: SQSP) opened at $26.13. During the past 12 months, Squarespace Inc. has had a low of $14.43 and a high of $30.69. The fifty day moving average price for SQSP is $22.79 and a two-hundred day moving average price translates $21.66 for the stock.
The latest earnings results from Squarespace Inc. (NYSE: SQSP) was released for Sep, 2022. According to the Software – Infrastructure Company, earnings per share came in at $0.07, missing analysts’ expectations of $0.11 by -0.04. 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 $222.11M 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.
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