NYSE:SQSP

Squarespace (SQSP) Stock Forecast, Price & News

$28.66

+1.16 (+4.22%)

(As of 09/22/2023 ET)

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Today's Range: $28.22
▼
$29.04
50-Day Range: $27.50
▼
$33.36
52-Week Range: $16.86
▼
$34.38

Volume: 1.02 million shs
Average Volume: 666,357 shs
Market Capitalization: $3.89 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $34.50

Squarespace MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 20.4% Upside
$34.50 Price Target
Short Interest: Bearish
8.49% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.28
Based on 12 Articles This Week
Insider Trading: Selling Shares
$169.31 M Sold Last Quarter
Proj. Earnings Growth: 100.00%
From $0.28 to $0.56 Per Share

Overall MarketRank^™

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

2.26 out of 5 stars

Computer And Technology Sector

297th out of 586 stocks

Prepackaged Software Industry

84th out of 205 stocks

3.3

Analyst's Opinion

Consensus Rating
Squarespace has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 9 buy ratings, 7 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $34.50, Squarespace has a forecasted upside of 20.4% from its current price of $28.66.
Amount of Analyst Coverage
Squarespace has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.0

Short Interest

Percentage of Shares Shorted
8.49% of the float of Squarespace has been sold short.
Short Interest Ratio / Days to Cover
Squarespace has a short interest ratio ("days to cover") of 6.2.
Change versus previous month
Short interest in Squarespace has recently increased by 13.39%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Squarespace does not currently pay a dividend.
Dividend Growth
Squarespace does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SQSP.

2.4

News and Social Media Coverage

News Sentiment
Squarespace has a news sentiment score of 0.28. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Squarespace this week, compared to 3 articles on an average week.
Search Interest
Only 2 people have searched for SQSP on MarketBeat in the last 30 days. This is a decrease of -71% compared to the previous 30 days.
MarketBeat Follows
4 people have added Squarespace to their MarketBeat watchlist in the last 30 days.

3.3

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Squarespace insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $169,312,737.00 in company stock.
Percentage Held by Insiders
47.14% of the stock of Squarespace is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
43.73% of the stock of Squarespace is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Squarespace are expected to grow by 100.00% in the coming year, from $0.28 to $0.56 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Squarespace is -17.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Squarespace is -17.69, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

See Top Rated MarketRank™ Stocks Here

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, scheduling, and hospitality services, as well as tools for managing a social media presence. It serves a range of industries and sizes from sole proprietors to enterprises. Squarespace, Inc. was founded in 2003 and is headquartered in New York, New York.

SQSP Price History

30 days | 90 days | 365 days | Advanced Chart

SQSP Stock News Headlines

September 24, 2023 | americanbankingnews.com

Squarespace (NYSE:SQSP) Trading Up 4.1%

September 24, 2023 | americanbankingnews.com

Squarespace (NYSE:SQSP) Now Covered by UBS Group

September 24, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

September 23, 2023 | msn.com

Ford, Activision, Alibaba, Squarespace, Amazon, Scholastic, and More Market Movers

September 22, 2023 | proactiveinvestors.com

Squarespace, Wix and other web builder stocks poised to capitalize on GenAI opportunity

September 22, 2023 | theglobeandmail.com

Why Is Squarespace (SQSP) Stock Rocketing Higher Today

September 22, 2023 | msn.com

UBS initiates analysis of Squarespace with 'Buy' rating, amid growing institutional interest

September 21, 2023 | finance.yahoo.com

Are Investors Undervaluing Squarespace, Inc. (NYSE:SQSP) By 47%?

September 24, 2023 | Chaikin Analytics (Ad)

Buy This Stock for AI Tidal Wave (not NVDA)

The internet boom made more millionaires than any tech - Microsoft’s CEO says AI has even more potential. Here’s the #1 stock to buy.

September 21, 2023 | americanbankingnews.com

Atlantic (Sqrs) Lp General Sells 5,750,000 Shares of Squarespace, Inc. (NYSE:SQSP) Stock

September 18, 2023 | markets.businessinsider.com

Squarespace (SQSP) Gets a Hold from Oppenheimer

September 14, 2023 | finance.yahoo.com

CEO and 10% Owner Anthony Casalena Sells 18,813 Shares of Squarespace Inc (SQSP)

September 13, 2023 | msn.com

Squarespace prices a secondary offering of 5M class A common stock

September 13, 2023 | seekingalpha.com

Squarespace tumbles on secondary offering of class A common shares

September 13, 2023 | markets.businessinsider.com

Squarespace Announces Pricing Of Secondary Offering Of 5 Mln Shares At $29.00/shr

September 12, 2023 | finance.yahoo.com

Squarespace Announces Secondary Offering of Class A Common Stock

September 12, 2023 | finance.yahoo.com

CEO, 10% Owner Anthony Casalena Sells 14,688 Shares of Squarespace Inc (SQSP)

September 9, 2023 | msn.com

Squarespace Stock Clears Technical Benchmark, Hitting 90+ RS Rating

September 8, 2023 | morningstar.com

Squarespace Inc Class A

September 7, 2023 | finance.yahoo.com

Squarespace Completes Acquisition of Google Domains Assets

September 1, 2023 | msn.com

Squarespace Inc - (SQSP) Price Target Increased by 6.38% to 35.02

August 30, 2023 | seekingalpha.com

Squarespace Grows But Valuation May Be Full Here

August 16, 2023 | finance.yahoo.com

Squarespace to Present at Citi's 2023 Global Technology Conference

August 12, 2023 | markets.businessinsider.com

J.P. Morgan Remains a Hold on Squarespace (SQSP)

August 11, 2023 | finance.yahoo.com

Squarespace, Inc. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

August 9, 2023 | markets.businessinsider.com

Squarespace (SQSP) Receives a Hold from JMP Securities

August 9, 2023 | markets.businessinsider.com

Oppenheimer Remains a Hold on Squarespace (SQSP)

See More Headlines

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SQSP Company Calendar

Last Earnings: 8/08/2023
Today: 9/24/2023
Next Earnings (Estimated): 11/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NYSE:SQSP
CUSIP: N/A
CIK: 1496963
Web: www.squarespace.com
Phone: 646-580-3456
Fax: N/A
Employees: 1,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $34.50
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $22.00
Forecasted Upside/Downside: +20.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.56
Research Coverage: 16 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.62)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 102.36
P/E Growth: N/A
Net Income: $-252,220,000.00
Net Margins: -23.60%
Pretax Margin: -19.14%
Return on Equity: -2.24%
Return on Assets: 0.68%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 0.77
Quick Ratio: 0.77

Sales & Book Value

Annual Sales: $866.97 million
Price / Sales: 4.48
Cash Flow: $0.03 per share
Price / Cash Flow: 852.44
Book Value: ($2.23) per share
Price / Book: -12.85

Miscellaneous

Outstanding Shares: 135,570,000
Free Float: 71,661,000
Market Cap: $3.89 billion
Optionable: Not Optionable
Beta: 0.42

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Key Executives

Mr. Anthony Casalena (Age 41)
Founder, Pres, CEO & Chairperson of the Board
Comp: $350.29k

Mr. Nathan Gooden (Age 48)
CFO & Treasurer
Comp: $464.52k

Mr. Paul Gubbay (Age 55)
Chief Product Officer
Comp: $633.1k

Robert Sanders
Head of Investor Relations

Ms. Courtenay O'Connor (Age 43)
Gen. Counsel & Sec.

Ms. Kinjil Mathur
Chief Marketing Officer

Mr. John Colton
Sr. VP of Engineering

Mr. David Lee
Chief Creative Officer

Mr. Raphael Fontes
Sr. VP of Customer Operations

Mr. Dan Chandre
VP and Head of Acuity & Payments

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SQSP Stock - Frequently Asked Questions

Should I buy or sell Squarespace stock right now?: 16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Squarespace in the last year. There are currently 7 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SQSP shares.
View SQSP analyst ratings or view top-rated stocks.
What is Squarespace's stock price forecast for 2023?: 16 equities research analysts have issued 1-year target prices for Squarespace's shares. Their SQSP share price forecasts range from $22.00 to $40.00. On average, they expect the company's share price to reach $34.50 in the next twelve months. This suggests a possible upside of 20.4% from the stock's current price.
View analysts price targets for SQSP or view top-rated stocks among Wall Street analysts.
How have SQSP shares performed in 2023?: Squarespace's stock was trading at $22.17 at the start of the year. Since then, SQSP stock has increased by 29.3% and is now trading at $28.66.
View the best growth stocks for 2023 here.
When is Squarespace's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our SQSP earnings forecast.
How were Squarespace's earnings last quarter?: Squarespace, Inc. (NYSE:SQSP) posted its earnings results on Tuesday, August, 8th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.20 by $0.17. The business earned $247.50 million during the quarter, compared to the consensus estimate of $243.34 million. Squarespace had a negative trailing twelve-month return on equity of 2.24% and a negative net margin of 23.60%. Squarespace's quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.45 EPS.
What ETFs hold Squarespace's stock?: ETFs with the largest weight of Squarespace (NYSE:SQSP) stock in their portfolio include SPDR S&P Internet ETF (XWEB), Direxion Moonshot Innovators ETF (MOON), WisdomTree Cloud Computing Fund (WCLD), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT) and First Trust Cloud Computing ETF (SKYY).Invesco Bloomberg MVP Multi-factor ETF (PWC).
What guidance has Squarespace issued on next quarter's earnings?: Squarespace updated its third quarter 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $250.00 million-$253.00 million, compared to the consensus revenue estimate of $245.64 million.

When did Squarespace IPO?: (SQSP) raised $0 in an initial public offering (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 served 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 BlackRock Inc. (2.54%), Riverbridge Partners LLC (1.76%), Acadian Asset Management LLC (0.86%), Renaissance Technologies LLC (0.69%), State Street Corp (0.63%) and Geode Capital Management LLC (0.61%). Insiders that own company stock include Anthony Casalena, Atlantic (Sqrs) Lp General, Courtenay O'connor, Jonathan D Klein, Paul Gubbay, 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 $28.66.
How much money does Squarespace make?: Squarespace (NYSE:SQSP) has a market capitalization of $3.89 billion and generates $866.97 million in revenue each year. The company earns $-252,220,000.00 in net income (profit) each year or ($1.62) on an earnings per share basis.
How many employees does Squarespace have?: The company employs 1,800 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 9/24/2023 by MarketBeat.com Staff

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