1 week Ago By ABMN Staff
Shares of Squarespace, Inc. ( NYSE:SQSP – Get Free Report ) hit a new 52-week high during trading on Friday . The company traded as high as $45.
53 and last traded at $45.46, with a volume of 451740 shares traded. The stock had previously closed at $45.
19. Analyst Upgrades and Downgrades Several analysts have recently weighed in on SQSP shares. Robert W.
Baird reissued a “neutral” rating and issued a $44.00 price target (down previously from $45.00) on shares of Squarespace in a research note on Monday, May 13th.
Piper Sandler lowered Squarespace from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. Mizuho downgraded Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 target price on the stock.
in a research report on Monday, August 5th. The Goldman Sachs Group upped their price target on Squarespace from $36.00 to $40.
00 and gave the company a “neutral” rating in a research note on Monday, May 13th. Finally, Baird R W downgraded Squarespace from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 13th. Ten equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock.
According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $42.64. Read Our Latest Report on Squarespace Squarespace Price Performance Squarespace ( NYSE:SQSP – Get Free Report ) last announced its earnings results on Friday, August 2nd.
The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.
07). The company had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $293.
12 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share.
The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities analysts predict that Squarespace, Inc.
will post 0.44 earnings per share for the current year. Insider Activity at Squarespace In other Squarespace news, CEO Anthony Casalena sold 38,466 shares of the company’s stock in a transaction dated Wednesday, September 4th.
The stock was sold at an average price of $45.26, for a total transaction of $1,740,971.16.
Following the sale, the chief executive officer now owns 1,527,820 shares in the company, valued at approximately $69,149,133.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website .
In related news, CEO Anthony Casalena sold 38,466 shares of Squarespace stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $45.26, for a total value of $1,740,971.
16. Following the completion of the transaction, the chief executive officer now owns 1,527,820 shares in the company, valued at $69,149,133.20.
The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, insider Paul Gubbay sold 2,500 shares of the stock in a transaction that occurred on Monday, August 12th. The shares were sold at an average price of $44.
12, for a total transaction of $110,300.00. Following the completion of the sale, the insider now directly owns 37,486 shares in the company, valued at $1,653,882.
32. The disclosure for this sale can be found here . Over the last three months, insiders sold 234,519 shares of company stock worth $10,336,832.
Company insiders own 44.96% of the company’s stock. Institutional Trading of Squarespace A number of institutional investors have recently bought and sold shares of SQSP.
Water Island Capital LLC acquired a new stake in Squarespace during the second quarter worth approximately $37,107,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of Squarespace in the 2nd quarter valued at $657,000. The Manufacturers Life Insurance Company grew its position in shares of Squarespace by 14.
1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 49,561 shares of the company’s stock valued at $2,160,000 after buying an additional 6,114 shares during the last quarter. Point72 Asia Singapore Pte.
Ltd. purchased a new stake in Squarespace in the second quarter valued at $71,000. Finally, Squarepoint Ops LLC acquired a new position in Squarespace in the second quarter valued at $245,000.
92.30% of the stock is owned by hedge funds and other institutional investors. Squarespace Company Profile ( Get Free Report ) 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. Further Reading Receive News & Ratings for Squarespace Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Squarespace and related companies with MarketBeat.com's FREE daily email newsletter .
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