Squarespace, Inc. (NYSE:SQSP) Expected to Post FY2027 Earnings of $1.58 Per Share

Squarespace, Inc. (NYSE:SQSP) – Equities research analysts at B. Riley lifted their FY2027 earnings per share (EPS) estimates for shares of Squarespace in a report issued on Tuesday, April 23rd. B. Riley analyst N. Khan now anticipates that the company will post earnings of $1.58 per share for the year, up from their previous estimate of $1.49. B. Riley has a “Buy” rating and a $43.00 price target on the stock. The consensus estimate for Squarespace’s current full-year earnings is $0.50 per share.

A number of other research firms have also recently issued reports on SQSP. Barclays boosted their price objective on 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 started coverage on Squarespace in a research report on Wednesday, March 27th. They set an “outperform” rating and a $40.00 price objective on the stock. Royal Bank of Canada boosted their price objective on Squarespace from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. JMP Securities boosted their price objective on Squarespace from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Finally, Citigroup boosted their price objective on Squarespace from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Thursday, February 29th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Based on data from MarketBeat, Squarespace has a consensus rating of “Moderate Buy” and an average price target of $38.54.

Squarespace Stock Down 0.9 %

Shares of NYSE SQSP opened at $35.38 on Thursday. The business’s 50 day moving average is $34.35 and its two-hundred day moving average is $31.67. The company has a market cap 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 has a 12 month low of $25.59 and a 12 month high of $37.89.

Squarespace (NYSE:SQSP) last issued its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The business had revenue of $270.72 million during the quarter, compared to the consensus estimate of $263.41 million. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.07) earnings per share.

Institutional Investors Weigh In On Squarespace

Hedge funds and other institutional investors have recently bought and sold shares of the company. Sunbelt Securities Inc. grew its stake in Squarespace by 195.2% in the third 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 in the last quarter. International Assets Investment Management LLC grew its stake in Squarespace by 3,201.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock valued at $100,000 after purchasing an additional 3,201 shares in the last quarter. Amalgamated Bank grew its stake in Squarespace by 12.4% in the third quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock valued at $148,000 after purchasing an additional 565 shares in the last quarter. Handelsbanken Fonder AB bought a new position in Squarespace in the fourth quarter valued at approximately $244,000. Finally, Landscape Capital Management L.L.C. bought a new position in Squarespace in the third quarter valued at approximately $250,000. Institutional investors and hedge funds own 92.30% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Anthony Casalena sold 67,230 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $31.83, for a total transaction of $2,139,930.90. Following the sale, the chief executive officer now owns 3,388,279 shares of the company’s stock, valued at $107,848,920.57. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, insider Paul Gubbay sold 2,500 shares of Squarespace stock in a transaction that occurred on Friday, April 12th. The stock was sold at an average price of $36.81, for a total value of $92,025.00. Following the sale, the insider now owns 43,686 shares of the company’s stock, valued at approximately $1,608,081.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Casalena sold 67,230 shares of Squarespace stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $31.83, for a total value of $2,139,930.90. Following the completion of the sale, the chief executive officer now directly owns 3,388,279 shares in the company, valued at approximately $107,848,920.57. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 341,097 shares of company stock worth $11,616,450. Insiders own 47.14% of the company’s stock.

About Squarespace

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.