FY2028 Earnings Estimate for Squarespace, Inc. (NYSE:SQSP) Issued By B. Riley

Squarespace, Inc. (NYSE:SQSP) – Equities research analysts at B. Riley increased their FY2028 earnings estimates for Squarespace in a research report issued on Tuesday, April 23rd. B. Riley analyst N. Khan now anticipates that the company will post earnings of $2.10 per share for the year, up from their prior forecast of $1.99. B. Riley currently has a “Buy” rating and a $43.00 target price on the stock. The consensus estimate for Squarespace’s current full-year earnings is $0.50 per share.

A number of other equities research analysts have also issued reports on the stock. Citigroup boosted their price target on shares of Squarespace from $40.00 to $42.00 and gave the company a “buy” rating in a report on Thursday, February 29th. Robert W. Baird raised shares of Squarespace from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $30.00 to $39.00 in a research report on Monday, March 4th. Barclays boosted their price objective on shares of Squarespace from $34.00 to $37.00 and gave the company an “equal weight” rating in a research report on Thursday, February 29th. Raymond James began coverage on shares of Squarespace in a research report on Wednesday, March 27th. They set an “outperform” rating and a $40.00 price objective on the stock. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price objective on shares of Squarespace in a research report on Thursday, February 29th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Squarespace has an average rating of “Moderate Buy” and an average price target of $38.54.

Squarespace Price Performance

SQSP stock opened at $35.38 on Wednesday. Squarespace has a 52-week low of $25.59 and a 52-week high of $37.89. The company’s 50 day simple moving average is $34.35 and its 200-day simple moving average is $31.67. The firm has a market capitalization of $4.83 billion, a P/E ratio of -707.60, a P/E/G ratio of 3.58 and a beta of 0.51.

Squarespace (NYSE:SQSP) last released its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The firm had revenue of $270.72 million for the quarter, compared to analyst estimates of $263.41 million. During the same quarter in the prior year, the company earned ($0.07) EPS. Squarespace’s revenue for the quarter was up 18.3% compared to the same quarter last year.

Hedge Funds Weigh In On Squarespace

Large investors have recently bought and sold shares of the stock. Sunbelt Securities Inc. raised its stake in Squarespace by 195.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock valued at $72,000 after purchasing an additional 1,638 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Squarespace by 20.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,865,295 shares of the company’s stock valued at $169,918,000 after buying an additional 994,880 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Squarespace by 45.1% in the 3rd quarter. Envestnet Asset Management Inc. now owns 134,329 shares of the company’s stock valued at $3,891,000 after buying an additional 41,745 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Squarespace by 9.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 341,525 shares of the company’s stock valued at $9,894,000 after buying an additional 28,839 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in shares of Squarespace by 291.3% in the 3rd quarter. Lazard Asset Management LLC now owns 505,910 shares of the company’s stock valued at $14,655,000 after buying an additional 376,634 shares in the last quarter. 92.30% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Squarespace

In other news, Director Jonathan D. Klein sold 700 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $37.50, for a total value of $26,250.00. Following the completion of the sale, the director now directly owns 651,380 shares in the company, valued at $24,426,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Jonathan D. Klein sold 700 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $37.50, for a total transaction of $26,250.00. Following the completion of the transaction, the director now directly owns 651,380 shares in the company, valued at approximately $24,426,750. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Anthony Casalena sold 67,230 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $31.83, for a total transaction of $2,139,930.90. Following the transaction, the chief executive officer now owns 3,388,279 shares of the company’s stock, valued at $107,848,920.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 341,097 shares of company stock worth $11,616,450. 47.14% of the stock is owned by 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.