Squarespace Inc [SQSP] stock prices are up 3.88% to $33.47 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The SQSP shares have gain 5.92% over the last week, with a monthly amount glided 1.27%, and seem to be holding up well over a long-time horizon.
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On 22, February 2024, Squarespace to Participate at the Morgan Stanley Technology, Media & Telecom Conference. In a post published today on Yahoo Finance, Squarespace, Inc. (NYSE: SQSP), the design-driven platform helping entrepreneurs build brands and businesses online, today announced that Anthony Casalena, Founder & CEO, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference on Wednesday, March 6, 2024 at 7:20 p.m. ET / 4:20 p.m. PT.
From an analyst’s perspective:
Squarespace Inc [NYSE: SQSP] stock has seen the most recent analyst activity on January 24, 2024, when JMP Securities upgraded its rating to a Mkt Outperform but kept the price target unchanged to $40 for it. Previously, Seaport Research Partners started tracking the stock with Buy rating on October 24, 2023, and set its price target to $35. UBS started tracking the stock assigning a Buy rating and suggested a price target of $40 on September 22, 2023. Mizuho reiterated its recommendation of a Neutral and raised its price target to $32 on August 09, 2023. Goldman reiterated a Neutral rating for this stock on August 09, 2023, and upped its price target to $34. In a note dated August 09, 2023, Barclays reiterated an Equal Weight rating on this stock and boosted its target price from $29 to $33.
The stock price of Squarespace Inc [SQSP] has been fluctuating between $22.73 and $34.38 over the past year. Currently, Wall Street analysts expect the stock to reach $36 within the next 12 months. Squarespace Inc [NYSE: SQSP] shares were valued at $33.47 at the most recent close of the market. An investor can expect a potential return of 7.56% based on the average SQSP price forecast.
Analyzing the SQSP fundamentals
The Squarespace Inc [NYSE:SQSP] reported sales of 970.43M for trailing twelve months, representing a surge of 18.08%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 32.41 points at the first support level, and at 31.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 34.23, and for the 2nd resistance point, it is at 35.00.
Squarespace Inc [SQSP] reported earnings per share of -$0.12 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.13/share, meaning a difference of -$0.25 and a surprise factor of -192.30%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $0.03 per share as compared to estimates of $0.13 per share, a difference of -$0.1 representing a surprise of -76.90%.
Ratios To Look Out For
It’s worth pointing out that Squarespace Inc [NYSE:SQSP]’s Current Ratio is 0.62. Also, the Quick Ratio is 0.62, while the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 4.69.
Transactions by insiders
Recent insider trading involved Casalena Anthony, Chief Executive Officer, that happened on Feb 23 when 57608.0 shares were sold. Chief Executive Officer, Casalena Anthony completed a deal on Feb 22 to sell 67230.0 shares. Meanwhile, Chief Financial Officer Gooden Nathan sold 5129.0 shares on Feb 22.
