Squarespace, Inc. Expected to Earn FY2027 Earnings of $1.58 Per Share (NYSE:SQSP)

Squarespace, Inc. (NYSE:SQSP) – Stock analysts at B. Riley lifted their FY2027 earnings per share estimates for shares of Squarespace in a research report issued to clients and investors on Tuesday, April 23rd. B. Riley analyst N. Khan now expects that the company will post earnings of $1.58 per share for the year, up from their previous estimate of $1.49. 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.

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

SQSP has been the subject of several other reports. Mizuho lifted their target price on Squarespace from $32.00 to $34.00 and gave the company a “neutral” rating in a research note on Thursday, February 29th. Citigroup lifted their target price on Squarespace from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Thursday, February 29th. Barclays lifted their target price on Squarespace from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Squarespace in a research note on Thursday, February 29th. Finally, Royal Bank of Canada lifted their price objective on Squarespace from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 29th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.54.

Squarespace Stock Performance

NYSE SQSP opened at $35.53 on Thursday. The stock has a fifty day moving average of $34.43 and a 200-day moving average of $31.71. The stock has a market capitalization of $4.85 billion, a P/E ratio of -710.60, a price-to-earnings-growth ratio of 3.52 and a beta of 0.51. Squarespace has a 52 week low of $25.59 and a 52 week high of $37.89.

Insider Buying and Selling at Squarespace

In other Squarespace news, Director Jonathan D. Klein sold 47,247 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $37.65, for a total value of $1,778,849.55. Following the completion of the transaction, the director now directly owns 604,133 shares of the company’s stock, valued at $22,745,607.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Jonathan D. Klein sold 47,247 shares of the business’s stock in a transaction dated Thursday, April 11th. The stock was sold at an average price of $37.65, for a total value of $1,778,849.55. Following the sale, the director now directly owns 604,133 shares in the company, valued at $22,745,607.45. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Anthony Casalena sold 45,389 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 2,877,107 shares in the company, valued at $102,338,695.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,097 shares of company stock valued at $11,616,450. Company insiders own 47.14% of the company’s stock.

Institutional Trading of Squarespace

Institutional investors and hedge funds have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its holdings in Squarespace by 195.2% during the third quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock worth $72,000 after acquiring an additional 1,638 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Squarespace by 3,201.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock worth $100,000 after acquiring an additional 3,201 shares in the last quarter. Amalgamated Bank raised its holdings in Squarespace by 12.4% during the third quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock worth $148,000 after acquiring an additional 565 shares in the last quarter. Handelsbanken Fonder AB bought a new stake in Squarespace during the fourth quarter worth about $244,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Squarespace during the third quarter worth approximately $250,000. Institutional investors own 92.30% 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.