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AMD   95.54 (-4.53%)
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T   18.10 (+0.56%)
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PFE   49.78 (+0.42%)
NFLX   229.94 (-1.52%)
QQQ   317.08 (-1.13%)
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NVDA   170.86 (-3.97%)
NIO   19.17 (-4.96%)
BABA   91.19 (+0.39%)
AMD   95.54 (-4.53%)
MU   59.15 (-3.74%)
T   18.10 (+0.56%)
CGC   2.87 (-12.50%)
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NYSE:SQSP

Squarespace - SQSP Stock Forecast, Price & News

$21.41
-1.64 (-7.11%)
(As of 08/9/2022 12:00 AM ET)
Add
Compare
Today's Range
$20.97
$22.64
50-Day Range
$18.63
$24.62
52-Week Range
$14.43
$48.89
Volume
1.04 million shs
Average Volume
594,266 shs
Market Capitalization
$2.98 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$28.77

Squarespace MarketRank™ Forecast

Analyst Rating
Hold
2.40 Rating Score
Upside/​Downside
34.4% Upside
$28.77 Price Target
Short Interest
Bearish
6.64% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.13mentions of Squarespace in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$11.82 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.09) to $0.08 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.29 out of 5 stars

Computer And Technology Sector

464th out of 644 stocks

Prepackaged Software Industry

167th out of 224 stocks

SQSP stock logo

About Squarespace (NYSE:SQSP) Stock

Squarespace, Inc. operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. Its suite of integrated products enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, and scheduling, as well as tools for managing a social media presence. It serves small and medium-sized businesses, and independent creators, such as restaurants, photographers, wedding planners, artists, musicians, and bloggers. Squarespace, Inc. was founded in 2003 and is headquartered in New York, New York.

Squarespace Price Performance

Shares of SQSP traded down $1.97 during mid-day trading on Tuesday, hitting $21.08. 24,284 shares of the company traded hands, compared to its average volume of 555,255. Squarespace has a one year low of $14.43 and a one year high of $50.35. The business has a 50-day moving average of $21.36 and a 200 day moving average of $23.99.

Squarespace (NYSE:SQSP - Get Rating) last announced its quarterly earnings data on Monday, July 25th. The company reported $0.45 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.36. The business had revenue of $212.70 million during the quarter, compared to analyst estimates of $212.01 million. During the same quarter in the prior year, the company earned ($3.22) earnings per share. The company's quarterly revenue was up 8.5% on a year-over-year basis. Sell-side analysts anticipate that Squarespace will post -0.09 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on SQSP. Piper Sandler lowered their target price on shares of Squarespace from $26.00 to $21.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 26th. Wedbush raised shares of Squarespace from a "neutral" rating to an "outperform" rating in a research note on Friday, May 13th. Citigroup began coverage on shares of Squarespace in a report on Tuesday, April 19th. They issued a "neutral" rating and a $25.00 target price on the stock. Credit Suisse Group assumed coverage on Squarespace in a research note on Tuesday, May 31st. They set a "neutral" rating and a $25.00 price objective for the company. Finally, Truist Financial dropped their price target on Squarespace to $31.00 in a research report on Tuesday, July 26th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $28.77.

Insider Activity

In other news, major shareholder Ventures Growth I. Parall Index sold 29,537 shares of the business's stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $20.00, for a total value of $590,740.00. Following the completion of the transaction, the insider now directly owns 551,888 shares in the company, valued at approximately $11,037,760. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, major shareholder Ventures Growth I. Parall Index sold 34,696 shares of Squarespace stock in a transaction that occurred on Wednesday, July 27th. The shares were sold at an average price of $20.02, for a total transaction of $694,613.92. Following the sale, the insider now directly owns 516,992 shares of the company's stock, valued at approximately $10,350,179.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ventures Growth I. Parall Index sold 29,537 shares of Squarespace stock in a transaction that occurred on Friday, July 22nd. The shares were sold at an average price of $20.00, for a total transaction of $590,740.00. Following the sale, the insider now directly owns 551,888 shares in the company, valued at $11,037,760. The disclosure for this sale can be found here. In the last ninety days, insiders sold 548,486 shares of company stock worth $11,816,796. 45.51% of the stock is currently owned by corporate insiders.

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SQSP Stock News Headlines

Mizuho Cuts Squarespace (NYSE:SQSP) Price Target to $20.00
8 Analysts Have This to Say About Squarespace
Squarespace (NYSE:SQSP) PT Lowered to $21.00
Oppenheimer Initiates Coverage on Squarespace (NYSE:SQSP)
Squarespace (NYSE:SQSP) Shares Gap Down After Insider Selling
See More Headlines
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SQSP Company Calendar

Last Earnings
7/25/2022
Today
8/09/2022
Next Earnings (Estimated)
11/14/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Fax
N/A
Employees
1,600
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$28.77
High Stock Price Forecast
$58.00
Low Stock Price Forecast
$21.00
Forecasted Upside/Downside
+34.4%
Consensus Rating
Hold
Rating Score (0-4)
2.40
Research Coverage
15 Analysts

Profitability

Net Income
$-249,150,000.00
Pretax Margin
-2.13%

Debt

Sales & Book Value

Annual Sales
$784.04 million
Book Value
($0.10) per share

Miscellaneous

Free Float
75,791,000
Market Cap
$2.98 billion
Optionable
Not Optionable
Beta
0.29














SQSP Stock - Frequently Asked Questions

Should I buy or sell Squarespace stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Squarespace in the last twelve months. 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.
View SQSP analyst ratings
or view top-rated stocks.

What is Squarespace's stock price forecast for 2022?

15 equities research analysts have issued 12 month target prices for Squarespace's shares. Their SQSP share price forecasts range from $21.00 to $58.00. On average, they predict the company's share price to reach $28.77 in the next twelve months. This suggests a possible upside of 36.6% from the stock's current price.
View analysts price targets for SQSP
or view top-rated stocks among Wall Street analysts.

How has Squarespace's stock performed in 2022?

Squarespace's stock was trading at $29.50 at the beginning of 2022. Since then, SQSP shares have decreased by 28.6% and is now trading at $21.06.
View the best growth stocks for 2022 here
.

Are investors shorting Squarespace?

Squarespace saw a increase in short interest in the month of July. As of July 15th, there was short interest totaling 2,050,000 shares, an increase of 16.5% from the June 30th total of 1,760,000 shares. Based on an average trading volume of 702,800 shares, the days-to-cover ratio is currently 2.9 days. Approximately 6.6% of the company's shares are sold short.
View Squarespace's Short Interest
.

When is Squarespace's next earnings date?

Squarespace is scheduled to release its next quarterly earnings announcement on Monday, November 14th 2022.
View our SQSP earnings forecast
.

How were Squarespace's earnings last quarter?

Squarespace, Inc. (NYSE:SQSP) released its quarterly earnings results on Monday, July, 25th. The company reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.36. The business had revenue of $212.70 million for the quarter, compared to the consensus estimate of $212.01 million. The company's revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the business posted ($3.22) earnings per share.

What guidance has Squarespace issued on next quarter's earnings?

Squarespace updated its third quarter 2022 earnings guidance on Monday, August, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $213.00 million-$218.00 million, compared to the consensus revenue estimate of $221.87 million.

When did Squarespace IPO?

(SQSP) raised $0 in an IPO on Wednesday, May 19th 2021. The company issued 0 shares at a price of $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.

What is Squarespace's stock symbol?

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

Who are Squarespace's major shareholders?

Squarespace's stock is owned by a variety of retail and institutional investors. Top institutional investors include Riverbridge Partners LLC (1.82%), Lazard Asset Management LLC (0.12%), Envestnet Asset Management Inc. (0.07%), Swiss National Bank (0.05%), Oppenheimer Asset Management Inc. (0.05%) and Hamilton Lane Advisors LLC (0.02%). 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.
View institutional ownership trends
.

How do I buy shares of Squarespace?

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.
Compare Top Brokerages Here.

What is Squarespace's stock price today?

One share of SQSP stock can currently be purchased for approximately $21.06.

How much money does Squarespace make?

Squarespace (NYSE:SQSP) has a market capitalization of $2.93 billion and generates $784.04 million in revenue each year.

How many employees does Squarespace have?

Squarespace employs 1,600 workers across the globe.

How can I contact Squarespace?

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.

This page (NYSE:SQSP) was last updated on 8/9/2022 by MarketBeat.com Staff

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