FY2028 EPS Estimates for Squarespace, Inc. Increased by B. Riley (NYSE:SQSP)

Squarespace, Inc. (NYSE:SQSP) – B. Riley increased their FY2028 earnings per share (EPS) estimates for shares of Squarespace in a report issued on Tuesday, April 23rd. B. Riley analyst N. Khan now expects that the company will post earnings of $2.10 per share for the year, up from their previous estimate of $1.99. 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.

Squarespace (NYSE:SQSP) last issued its 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 business had revenue of $270.72 million during the quarter, compared to analyst estimates of $263.41 million. The firm’s revenue was up 18.3% on a year-over-year basis. During the same period in the previous year, the business earned ($0.07) earnings per share.

A number of other brokerages also recently issued reports on SQSP. Mizuho raised their price target on shares of Squarespace from $32.00 to $34.00 and gave the stock a “neutral” rating in a report on Thursday, February 29th. Raymond James began coverage on Squarespace in a research report on Wednesday, March 27th. They issued an “outperform” rating and a $40.00 target price on the stock. Robert W. Baird upgraded Squarespace from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $30.00 to $39.00 in a report on Monday, March 4th. Royal Bank of Canada boosted their price objective on shares of Squarespace from $32.00 to $35.00 and gave the company a “sector perform” rating in a report on Thursday, February 29th. Finally, JMP Securities increased their target price on shares of Squarespace from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.54.

Squarespace Stock Up 2.6 %

Shares of SQSP stock opened at $36.31 on Wednesday. The firm’s 50-day moving average is $34.25 and its two-hundred day moving average is $31.62. Squarespace has a 12 month low of $25.59 and a 12 month high of $37.89.

Insider Transactions at Squarespace

In other news, CEO Anthony Casalena sold 45,389 shares of the stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.57, for a total transaction of $1,614,486.73. Following the completion of the transaction, the chief executive officer now directly owns 2,877,107 shares of the company’s stock, valued at approximately $102,338,695.99. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In related news, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $36.81, for a total transaction of $92,025.00. Following the sale, the insider now owns 43,686 shares of the company’s stock, valued at $1,608,081.66. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Anthony Casalena sold 45,389 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.57, for a total value of $1,614,486.73. Following the completion of the transaction, the chief executive officer now directly owns 2,877,107 shares of the company’s stock, valued at $102,338,695.99. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 401,032 shares of company stock worth $13,576,924. Corporate insiders own 47.14% of the company’s stock.

Institutional Investors Weigh In On Squarespace

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in shares of Squarespace during the third quarter worth about $405,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Squarespace by 28.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,086 shares of the company’s stock worth $263,000 after acquiring an additional 2,001 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Squarespace by 102.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 11,344 shares of the company’s stock worth $329,000 after purchasing an additional 5,739 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Squarespace by 45.4% in the 3rd quarter. Principal Financial Group Inc. now owns 23,528 shares of the company’s stock valued at $682,000 after purchasing an additional 7,349 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd grew its holdings in shares of Squarespace by 2.1% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 102,465 shares of the company’s stock worth $2,968,000 after purchasing an additional 2,113 shares during the period. Hedge funds and other institutional investors own 92.30% of the company’s stock.

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.