Squarespace, Inc. (NYSE:SQSP – Get Free Report) has earned an average recommendation of “Moderate Buy” from the fifteen analysts that are currently covering the stock, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $38.54.
A number of brokerages recently issued reports on SQSP. Barclays boosted their price objective on Squarespace from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Robert W. Baird upgraded Squarespace from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $39.00 in a research note on Monday, March 4th. B. Riley boosted their price objective on Squarespace from $41.00 to $43.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. JMP Securities boosted their price objective on Squarespace from $40.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, March 18th. Finally, Citigroup boosted their price objective on Squarespace from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, February 29th.
Get Our Latest Research Report on SQSP
Insider Transactions at Squarespace
Institutional Trading of Squarespace
Several hedge funds and other institutional investors have recently bought and sold shares of SQSP. SG Americas Securities LLC purchased a new stake in Squarespace in the third quarter worth approximately $405,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Squarespace by 28.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,086 shares of the company’s stock worth $263,000 after buying an additional 2,001 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Squarespace by 102.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 11,344 shares of the company’s stock worth $329,000 after buying an additional 5,739 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Squarespace by 45.4% in the third quarter. Principal Financial Group Inc. now owns 23,528 shares of the company’s stock worth $682,000 after buying an additional 7,349 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd lifted its position in Squarespace by 2.1% in the third quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 102,465 shares of the company’s stock valued at $2,968,000 after purchasing an additional 2,113 shares during the last quarter. Hedge funds and other institutional investors own 92.30% of the company’s stock.
Squarespace Price Performance
NYSE SQSP opened at $36.31 on Wednesday. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of -726.20, a PEG ratio of 3.40 and a beta of 0.51. Squarespace has a one year low of $25.59 and a one year high of $37.89. The business’s fifty day moving average is $34.25 and its 200-day moving average is $31.62.
Squarespace (NYSE:SQSP – Get Free Report) last released its earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The firm had revenue of $270.72 million during the quarter, compared to the consensus estimate of $263.41 million. Squarespace’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.07) EPS. Research analysts expect that Squarespace will post 0.5 EPS for the current fiscal year.
Squarespace 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 in the United States and internationally. It enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, scheduling, and hospitality services, as well as tools for managing a social media presence.
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