Squarespace Inc [SQSP] stock prices are up 1.15% to $37.79 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SQSP shares have gain 3.85% over the last week, with a monthly amount glided 17.91%, and seem to be holding up well over a long-time horizon.
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On 9, April 2024, Squarespace to Announce First Quarter 2024 Financial Results on May 7, 2024. In a post published today on Yahoo Finance, Provides Information on Upcoming Investor Day.
From an analyst’s perspective:
Previously, Robert W. Baird upgraded its rating to Outperform on March 04, 2024, and elevated its price target to $39. On January 24, 2024, upgrade upgraded it’s rating to Mkt Outperform but maintained its price target of $40 on the stock. Seaport Research Partners started tracking the stock assigning a Buy rating and suggested a price target of $35 on October 24, 2023. UBS started tracking with a Buy rating for this stock on September 22, 2023, and assigned it a price target of $40. In a note dated August 09, 2023, Mizuho reiterated an Neutral rating on this stock and boosted its target price from $28 to $32.
The stock price of Squarespace Inc [SQSP] has been fluctuating between $25.59 and $37.59 over the past year. Currently, Wall Street analysts expect the stock to reach $37.33 within the next 12 months. Squarespace Inc [NYSE: SQSP] shares were valued at $37.79 at the most recent close of the market. An investor can expect a potential drop of -1.22% based on the average SQSP price forecast.
Analyzing the SQSP fundamentals
The Squarespace Inc [NYSE:SQSP] reported sales of 1.01B for trailing twelve months, representing a surge of 18.31%. Gross Profit Margin for this corporation currently stands at 0.8% with Operating Profit Margin at 0.08%, Pretax Profit Margin comes in at 0.05%, and Net Profit Margin reading is -0.01%. To continue investigating profitability, this company’s Return on Assets is posted at -0.01, Equity is 0.02 and Total Capital is 0.2. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.23.
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 37.28 points at the first support level, and at 36.76 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.10, and for the 2nd resistance point, it is at 38.40.
Squarespace Inc [SQSP] reported earnings per share of $0.04 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.14/share, meaning a difference of -$0.1 and a surprise factor of -71.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$0.12 per share as compared to estimates of $0.13 per share, a difference of -$0.25 representing a surprise of -192.30%.
Ratios To Look Out For
It’s worth pointing out that Squarespace Inc [NYSE:SQSP]’s Current Ratio is 0.68. In addition, the Quick Ratio stands at 0.68 and the Cash Ratio stands at 0.54. Considering the valuation of this stock, the price to sales ratio is 5.10.
Transactions by insiders
Recent insider trading involved KLEIN JONATHAN D, Director, that happened on Apr 08 ’24 when 700.0 shares were sold. Director, KLEIN JONATHAN D completed a deal on Apr 04 ’24 to sell 2053.0 shares. Meanwhile, Chief Executive Officer Casalena Anthony sold 30576.0 shares on Apr 03 ’24.
