Ellsworth Advisors LLC Purchases 513 Shares of Squarespace, Inc. (NYSE:SQSP)

Ellsworth Advisors LLC lifted its position in shares of Squarespace, Inc. (NYSE:SQSP) by 3.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 14,883 shares of the company’s stock after purchasing an additional 513 shares during the period. Ellsworth Advisors LLC’s holdings in Squarespace were worth $691,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in SQSP. Point72 Asia Singapore Pte. Ltd. bought a new stake in Squarespace in the 2nd quarter valued at about $71,000. CWM LLC grew its position in Squarespace by 185.6% during the second quarter. CWM LLC now owns 2,016 shares of the company’s stock worth $88,000 after buying an additional 1,310 shares in the last quarter. Quest Partners LLC grew its position in Squarespace by 1,828.9% during the second quarter. Quest Partners LLC now owns 2,739 shares of the company’s stock worth $120,000 after buying an additional 2,597 shares in the last quarter. Sagefield Capital LP bought a new position in Squarespace during the 2nd quarter worth $197,000. Finally, Ameritas Investment Partners Inc. raised its holdings in Squarespace by 8.4% in the 1st quarter. Ameritas Investment Partners Inc. now owns 5,666 shares of the company’s stock valued at $206,000 after acquiring an additional 437 shares in the last quarter. 92.30% of the stock is owned by institutional investors and hedge funds.

Squarespace Price Performance

SQSP opened at $46.57 on Friday. Squarespace, Inc. has a fifty-two week low of $26.70 and a fifty-two week high of $46.69. The company’s 50 day moving average price is $45.81 and its two-hundred day moving average price is $42.86. The firm has a market capitalization of $6.45 billion, a price-to-earnings ratio of -1,164.25, a PEG ratio of 8.33 and a beta of 0.62.

Squarespace (NYSE:SQSP) last issued its quarterly earnings data on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.07). The company had revenue of $296.80 million for the quarter, compared to the consensus estimate of $293.12 million. The firm’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.03 earnings per share. As a group, equities research analysts predict that Squarespace, Inc. will post 0.28 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. UBS Group boosted their price target on Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. William Blair restated a “market perform” rating on shares of Squarespace in a research report on Monday. Mizuho lowered shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price target on the stock. in a research report on Monday, August 5th. Finally, Barclays lifted their price objective on shares of Squarespace from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $43.14.

Insider Buying and Selling at Squarespace

In related news, Director Andrew Braccia sold 13,929,575 shares of the business’s stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $46.50, for a total value of $647,725,237.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Squarespace news, Director Andrew Braccia sold 13,929,575 shares of Squarespace stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $46.50, for a total value of $647,725,237.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $44.12, for a total value of $110,300.00. Following the completion of the transaction, the insider now directly owns 37,486 shares in the company, valued at approximately $1,653,882.32. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,468,293 shares of company stock valued at $672,517,295. 44.96% of the stock is currently owned by company insiders.

Squarespace 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.