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

Squarespace, Inc. (NYSE:SQSP) – Analysts at B. Riley boosted their FY2027 earnings per share estimates for shares of Squarespace in a research note issued to investors on Tuesday, April 23rd. B. Riley analyst N. Khan now forecasts that the company will post earnings per share of $1.58 for the year, up from their prior estimate 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 analysts have also issued reports on SQSP. Citigroup raised their price target on Squarespace from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Raymond James assumed coverage on Squarespace in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $40.00 price target on the stock. Robert W. Baird raised Squarespace from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $30.00 to $39.00 in a research note on Monday, March 4th. Barclays raised their price target on Squarespace from $34.00 to $37.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Finally, JMP Securities raised their price target on Squarespace from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, Squarespace currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.54.

Squarespace Trading Up 0.4 %

Shares of NYSE:SQSP opened at $35.53 on Thursday. The stock’s 50-day moving average price is $34.43 and its two-hundred day moving average price is $31.71. Squarespace has a 12-month low of $25.59 and a 12-month high of $37.89. The firm has a market cap of $4.85 billion, a price-to-earnings ratio of -710.60, a PEG ratio of 3.52 and a beta of 0.51.

Squarespace (NYSE:SQSP) last posted 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 during the quarter, compared to analysts’ expectations of $263.41 million. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.07) EPS.

Institutional Investors Weigh In On Squarespace

Several hedge funds and other institutional investors have recently bought and sold shares of SQSP. Wellington Management Group LLP increased its holdings in Squarespace by 124.8% during the 3rd quarter. Wellington Management Group LLP now owns 7,015,353 shares of the company’s stock worth $203,235,000 after purchasing an additional 3,894,084 shares during the last quarter. Vanguard Group Inc. increased its holdings in Squarespace by 20.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,865,295 shares of the company’s stock worth $169,918,000 after purchasing an additional 994,880 shares during the last quarter. Lazard Asset Management LLC increased its holdings in Squarespace by 291.3% during the 3rd quarter. Lazard Asset Management LLC now owns 505,910 shares of the company’s stock worth $14,655,000 after purchasing an additional 376,634 shares during the last quarter. Hawk Ridge Capital Management LP purchased a new stake in Squarespace during the 4th quarter worth approximately $9,648,000. Finally, UBS Group AG increased its holdings in shares of Squarespace by 137.9% in the 4th quarter. UBS Group AG now owns 271,617 shares of the company’s stock valued at $8,966,000 after acquiring an additional 157,462 shares during the last quarter. 92.30% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Squarespace

In related news, CEO Anthony Casalena sold 66,420 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $32.36, for a total transaction of $2,149,351.20. Following the sale, the chief executive officer now directly owns 3,521,896 shares in the company, valued at approximately $113,968,554.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, CEO Anthony Casalena sold 66,420 shares of the firm’s stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $32.36, for a total transaction of $2,149,351.20. Following the sale, the chief executive officer now directly owns 3,521,896 shares in the company, valued at approximately $113,968,554.56. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Nathan Gooden sold 5,129 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $31.85, for a total value of $163,358.65. Following the sale, the chief financial officer now owns 66,503 shares in the company, valued at $2,118,120.55. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 341,097 shares of company stock worth $11,616,450. 47.14% of the stock is currently owned by company insiders.

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.