Currently, Squarespace Inc [SQSP] is trading at $43.98, up 0.07%. An important factor to consider is whether the stock is rising or falling in short-term value. The SQSP shares have gain 0.39% over the last week, with a monthly amount glided 0.59%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Squarespace Inc [NYSE: SQSP] stock has seen the most recent analyst activity on June 11, 2024, when B. Riley Securities downgraded its rating to a Neutral but kept the price target unchanged to $43 for it. Previously, Mizuho upgraded its rating to Buy on May 10, 2024, and elevated its price target to $50. Robert W. Baird upgraded its rating to a Outperform and increased its price target to $39 on March 04, 2024. JMP Securities upgraded its rating to a Mkt Outperform but $40 remained the price target by the analyst firm on January 24, 2024. Seaport Research Partners started tracking with a Buy rating for this stock on October 24, 2023, and assigned it a price target of $35.
This stock has fluctuated between a low of $26.70 and a high of $44.29 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $39.3 within the next 12 months. Squarespace Inc [NYSE: SQSP] shares were valued at $43.98 at the most recent close of the market. An investor can expect a potential drop of -10.64% based on the average SQSP price forecast.
Analyzing the SQSP fundamentals
Trailing Twelve Months sales for Squarespace Inc [NYSE:SQSP] were 1.06B which represents 18.61% growth. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.04%, 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 0.03 and Total Capital is 0.19. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-2.14.
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 43.93 points at the first support level, and at 43.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 44.01, and for the 2nd resistance point, it is at 44.05.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Squarespace Inc [NYSE:SQSP] is 0.70. On the other hand, the Quick Ratio is 0.70, and the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 5.74.
Transactions by insiders
Recent insider trading involved Casalena Anthony, Chief Executive Officer, that happened on Jul 16 ’24 when 82888.0 shares were sold. Chief Executive Officer, Casalena Anthony completed a deal on Jul 15 ’24 to sell 59882.0 shares. Meanwhile, Chief Product Officer Gubbay Paul sold 2500.0 shares on Jul 12 ’24.
