Piper Sandler upgraded shares of Squarespace (NYSE:SQSP – Get Rating) from a neutral rating to an overweight rating in a research report report published on Monday, Marketbeat Ratings reports. The firm currently has $30.00 price target on the stock, up from their previous price target of $22.00.
SQSP has been the subject of several other research reports. KeyCorp lowered their target price on shares of Squarespace from $25.00 to $22.00 and set an overweight rating for the company in a report on Wednesday, November 9th. Oppenheimer initiated coverage on shares of Squarespace in a report on Tuesday, July 26th. They issued a market perform rating for the company. Credit Suisse Group lowered their target price on shares of Squarespace from $25.00 to $24.00 and set a neutral rating for the company in a report on Wednesday, November 9th. Finally, Truist Financial decreased their price objective on shares of Squarespace to $31.00 in a report on Tuesday, July 26th. Eight research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, Squarespace has a consensus rating of Hold and an average target price of $26.75.
Squarespace Trading Up 3.5 %
Shares of SQSP stock opened at $20.83 on Monday. The firm has a 50-day moving average of $21.47 and a 200-day moving average of $21.25. Squarespace has a one year low of $14.43 and a one year high of $37.49.
Insider Transactions at Squarespace
Hedge Funds Weigh In On Squarespace
Large investors have recently modified their holdings of the company. Itau Unibanco Holding S.A. bought a new position in shares of Squarespace in the third quarter valued at approximately $26,000. Captrust Financial Advisors lifted its position in Squarespace by 2,128.1% during the first quarter. Captrust Financial Advisors now owns 1,270 shares of the company’s stock valued at $33,000 after purchasing an additional 1,213 shares during the last quarter. Advisors Asset Management Inc. bought a new stake in Squarespace during the first quarter valued at approximately $46,000. Parkside Financial Bank & Trust bought a new stake in Squarespace during the first quarter valued at approximately $58,000. Finally, Ensign Peak Advisors Inc bought a new stake in Squarespace during the third quarter valued at approximately $72,000. 41.20% of the stock is currently owned by institutional investors.
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. Its suite of integrated products enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, and scheduling, as well as tools for managing a social media presence.
- Get a free copy of the StockNews.com research report on Squarespace (SQSP)
- Three Ways To Win The Online Gambling Industry
- Santa Claus Rally? Here’s What Needs to Happen
- Is Ardelyx is A Buy After Slip in Early 2022
- Will the Return of Bob Iger Return the Magic to Disney Stock?
- Is Tesla A Bargain Now As It Trades At Two-Year Lows?
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.