Research Analysts Set Expectations for Squarespace, Inc.’s FY2028 Earnings (NYSE:SQSP)

Squarespace, Inc. (NYSE:SQSP) – Equities researchers at B. Riley upped their FY2028 earnings estimates for shares of Squarespace in a research note issued on Tuesday, April 23rd. B. Riley analyst N. Khan now expects that the company will post earnings of $2.10 per share for the year, up from their previous estimate of $1.99. B. Riley has a “Buy” rating and a $43.00 price objective on the stock. The consensus estimate for Squarespace’s current full-year earnings is $0.50 per share.

Other equities analysts have also issued reports about the stock. Royal Bank of Canada lifted their target price on shares of Squarespace from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Mizuho lifted their target price on shares of Squarespace from $32.00 to $34.00 and gave the company a “neutral” rating in a report on Thursday, February 29th. Barclays lifted their target price on shares of Squarespace from $34.00 to $37.00 and gave the company an “equal weight” rating in a report on Thursday, February 29th. Raymond James began coverage on shares of Squarespace in a report on Wednesday, March 27th. They set an “outperform” rating and a $40.00 target price for the company. Finally, Robert W. Baird raised shares of Squarespace from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $30.00 to $39.00 in a report on Monday, March 4th. Five equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, Squarespace currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.54.

Squarespace Trading Down 1.7 %

Shares of NYSE SQSP opened at $35.69 on Wednesday. Squarespace has a 12 month low of $25.59 and a 12 month high of $37.89. The company has a 50 day simple moving average of $34.30 and a two-hundred day simple moving average of $31.64. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of -713.80, a PEG ratio of 3.49 and a beta of 0.51.

Squarespace (NYSE:SQSP) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $270.72 million for the quarter, compared to analyst estimates of $263.41 million. During the same period last year, the firm posted ($0.07) EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis.

Hedge Funds Weigh In On Squarespace

Hedge funds have recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in shares of Squarespace by 18.1% during the fourth quarter. Wellington Management Group LLP now owns 8,284,051 shares of the company’s stock worth $273,457,000 after purchasing an additional 1,268,698 shares during the period. Vanguard Group Inc. lifted its holdings in Squarespace by 8.2% in the fourth quarter. Vanguard Group Inc. now owns 6,345,007 shares of the company’s stock valued at $209,449,000 after acquiring an additional 479,712 shares during the period. Acadian Asset Management LLC boosted its position in shares of Squarespace by 2.7% during the 3rd quarter. Acadian Asset Management LLC now owns 1,191,871 shares of the company’s stock worth $34,508,000 after purchasing an additional 31,448 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its position in shares of Squarespace by 17.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 912,135 shares of the company’s stock worth $26,425,000 after purchasing an additional 134,598 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Squarespace by 32.1% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 524,091 shares of the company’s stock worth $15,183,000 after purchasing an additional 127,362 shares in the last quarter. 92.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Anthony Casalena sold 45,389 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.57, for a total transaction of $1,614,486.73. Following the sale, the chief executive officer now directly owns 2,877,107 shares in the company, valued at $102,338,695.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Squarespace news, CEO Anthony Casalena sold 45,389 shares of the stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.57, for a total value of $1,614,486.73. Following the transaction, the chief executive officer now directly owns 2,877,107 shares in the company, valued at $102,338,695.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Jonathan D. Klein sold 47,247 shares of the stock in a transaction that occurred 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 completion of the transaction, the director now owns 604,133 shares in the company, valued at $22,745,607.45. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 401,032 shares of company stock worth $13,576,924. Company insiders own 47.14% of the company’s stock.

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.