FY2027 EPS Estimates for Squarespace, Inc. Lifted by Analyst (NYSE:SQSP)

Squarespace, Inc. (NYSE:SQSPFree Report) – B. Riley raised their FY2027 earnings estimates for Squarespace in a research note issued on Tuesday, April 23rd. B. Riley analyst N. Khan now anticipates that the company will post earnings per share of $1.58 for the year, up from their prior forecast of $1.49. B. Riley has a “Buy” rating and a $43.00 price target on the stock. The consensus estimate for Squarespace’s current full-year earnings is $0.50 per share.

A number of other brokerages have also recently issued reports on SQSP. Citigroup increased their target price on shares of Squarespace from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Raymond James started coverage on shares of Squarespace in a report on Wednesday, March 27th. They issued an “outperform” rating and a $40.00 target price for the company. Mizuho raised their price objective on shares of Squarespace from $32.00 to $34.00 and gave the stock a “neutral” rating in a research note on Thursday, February 29th. Robert W. Baird raised shares of Squarespace from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $30.00 to $39.00 in a research note on Monday, March 4th. Finally, JMP Securities raised their price objective on shares of Squarespace from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat, Squarespace has an average rating of “Moderate Buy” and a consensus price target of $38.54.

Check Out Our Latest Research Report on SQSP

Squarespace Trading Down 1.7 %

Shares of Squarespace stock opened at $35.69 on Thursday. Squarespace has a 12-month low of $25.59 and a 12-month high of $37.89. The stock has a market cap of $4.87 billion, a PE ratio of -713.80, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. The company has a 50-day moving average of $34.30 and a two-hundred day moving average of $31.64.

Squarespace (NYSE:SQSPGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The company had revenue of $270.72 million for the quarter, compared to analysts’ expectations of $263.41 million. During the same period in the prior year, the firm posted ($0.07) EPS. The firm’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Insider Activity at Squarespace

In related news, Director Jonathan D. Klein sold 47,247 shares of Squarespace stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $37.65, for a total transaction of $1,778,849.55. Following the transaction, the director now owns 604,133 shares in the company, valued at approximately $22,745,607.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Squarespace news, Director Jonathan D. Klein sold 47,247 shares of the business’s stock in a transaction on Thursday, April 11th. The shares were sold at an average price of $37.65, for a total value of $1,778,849.55. Following the transaction, the director now owns 604,133 shares in the company, valued at approximately $22,745,607.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Jonathan D. Klein sold 700 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $37.50, for a total transaction of $26,250.00. Following the completion of the transaction, the director now owns 651,380 shares in the company, valued at approximately $24,426,750. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 401,032 shares of company stock worth $13,576,924. 47.14% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Squarespace

A number of institutional investors have recently added to or reduced their stakes in the company. Sunbelt Securities Inc. raised its stake in shares of Squarespace by 195.2% in the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock valued at $72,000 after purchasing an additional 1,638 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Squarespace by 3,201.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock valued at $100,000 after purchasing an additional 3,201 shares in the last quarter. Amalgamated Bank raised its stake in shares of Squarespace by 12.4% in the 3rd quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock valued at $148,000 after purchasing an additional 565 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Squarespace in the 4th quarter valued at about $244,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Squarespace in the 3rd quarter valued at about $250,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

About Squarespace

(Get Free Report)

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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