Squarespace (SQSP) Stock Forecast, Price & News

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Squarespace in the last year. There are currently 9 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" SQSP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SQSP, but not buy additional shares or sell existing shares.
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15 brokerages have issued 1-year price targets for Squarespace's stock. Their SQSP share price forecasts range from $22.00 to $40.00. On average, they anticipate the company's share price to reach $31.33 in the next year. This suggests a possible upside of 5.7% from the stock's current price.
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Squarespace's stock was trading at $22.17 at the start of the year. Since then, SQSP shares have increased by 33.7% and is now trading at $29.64.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
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Squarespace, Inc. (NYSE:SQSP) issued its quarterly earnings results on Monday, November, 8th. The company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by $0.01. The company earned $200.96 million during the quarter, compared to analysts' expectations of $197.96 million. Squarespace had a negative net margin of 17.73% and a negative trailing twelve-month return on equity of 36.56%. The company's quarterly revenue was up 23.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.12 earnings per share.

ETFs with the largest weight of Squarespace (NYSE:SQSP) stock in their portfolio include Direxion Moonshot Innovators ETF (MOON), SPDR S&P Internet ETF (XWEB), WisdomTree Cloud Computing Fund (WCLD), Invesco DWA Technology Momentum ETF (PTF), First Trust Cloud Computing ETF (SKYY), ProShares Ultra Nasdaq Cloud Computing ETF (SKYU), First Trust Small Cap Growth AlphaDEX Fund (FYC) and First Trust US Equity Opportunities ETF (FPX).

Squarespace updated its second quarter 2023 earnings guidance on Tuesday, May, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $241.00 million-$245.00 million, compared to the consensus revenue estimate of $237.88 million.

(SQSP) raised $0 in an initial public offering (IPO) on Wednesday, May 19th 2021. The company issued 0 shares at $0.00 per share. Goldman Sachs, J.P. Morgan, Barclays, RBC Capital Markets, Citigroup, BofA Securities, William Blair, Raymond James, JMP Securities, KeyBanc Capital Markets, Piper Sandler, Mizuho Securities USA, Fifth Third Securities and Citizens Capital Markets acted as the underwriters for the IPO.

Squarespace trades on the New York Stock Exchange (NYSE) under the ticker symbol "SQSP."

Squarespace's stock is owned by many different institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (2.35%), BlackRock Inc. (1.83%), Riverbridge Partners LLC (1.70%), Hawk Ridge Capital Management LP (0.92%), First Trust Advisors LP (0.65%) and Price T Rowe Associates Inc. MD (0.56%). Insiders that own company stock include Anthony Casalena, Courtenay O'connor, Jonathan D Klein, Venture Growth Associate Index, Ventures Growth I (Jerse Index and Ventures Growth I Parall Index.
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Shares of SQSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of SQSP stock can currently be purchased for approximately $29.64.

Squarespace (NYSE:SQSP) has a market capitalization of $4.01 billion and generates $896.24 million in revenue each year. The company earns $-252,220,000.00 in net income (profit) each year or ($1.20) on an earnings per share basis.

The company employs 1,800 workers across the globe.

Squarespace's mailing address is 187 LAFAYETTE STREET 4TH FLOOR, NEW YORK NY, 10013. The official website for the company is www.squarespace.com. The company can be reached via phone at 646-580-3456 or via email at investors@squarespace.com.