Squarespace, Inc. (NYSE:SQSP) Expected to Post FY2027 Earnings of $1.58 Per Share

Squarespace, Inc. (NYSE:SQSP) – Investment analysts at B. Riley boosted their FY2027 earnings per share (EPS) estimates for Squarespace in a note issued to investors on Tuesday, April 23rd. B. Riley analyst N. Khan now forecasts that the company will earn $1.58 per share for the year, up from their previous forecast of $1.49. B. Riley currently has a “Buy” rating and a $43.00 target price on the stock. The consensus estimate for Squarespace’s current full-year earnings is $0.50 per share.

Squarespace (NYSE:SQSP) last issued its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The firm had revenue of $270.72 million during the quarter, compared to analysts’ expectations 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 posted ($0.07) earnings per share.

SQSP has been the subject of a number of other reports. Piper Sandler reaffirmed an “overweight” rating and set a $40.00 price target on shares of Squarespace in a research report on Thursday, February 29th. JMP Securities increased their price target on Squarespace from $40.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, March 18th. Raymond James began coverage on Squarespace in a research report on Wednesday, March 27th. They set an “outperform” rating and a $40.00 price target for the company. Mizuho increased their price target on Squarespace from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Finally, Royal Bank of Canada increased their price target on Squarespace from $32.00 to $35.00 and gave the company a “sector perform” rating in a research report on Thursday, February 29th. Five research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.54.

Squarespace Stock Down 0.9 %

Shares of Squarespace stock opened at $35.38 on Thursday. The company has a market cap of $4.83 billion, a PE ratio of -707.60, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. Squarespace has a 52 week low of $25.59 and a 52 week high of $37.89. The business has a 50 day moving average price of $34.35 and a 200-day moving average price of $31.67.

Hedge Funds Weigh In On Squarespace

Large investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its stake in Squarespace by 6.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 20,733 shares of the company’s stock valued at $756,000 after buying an additional 1,340 shares during the period. Diversified Trust Co boosted its stake in Squarespace by 13.1% during the first quarter. Diversified Trust Co now owns 9,561 shares of the company’s stock valued at $348,000 after buying an additional 1,111 shares during the period. Brooklyn FI LLC bought a new stake in Squarespace during the first quarter valued at $679,000. FCF Advisors LLC bought a new stake in Squarespace during the first quarter valued at $999,000. Finally, Renaissance Capital LLC boosted its stake in Squarespace by 15.8% during the first quarter. Renaissance Capital LLC now owns 37,042 shares of the company’s stock valued at $1,350,000 after buying an additional 5,066 shares during the period. 92.30% of the stock is owned by institutional investors.

Insider Buying and Selling at Squarespace

In other news, CEO Anthony Casalena sold 26,800 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $31.90, for a total value of $854,920.00. Following the completion of the transaction, the chief executive officer now directly owns 3,495,096 shares of the company’s stock, valued at $111,493,562.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Anthony Casalena sold 26,800 shares of the firm’s stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $31.90, for a total value of $854,920.00. Following the completion of the transaction, the chief executive officer now directly owns 3,495,096 shares of the company’s stock, valued at $111,493,562.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Nathan Gooden sold 5,129 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $31.85, for a total value of $163,358.65. Following the completion of the transaction, the chief financial officer now directly owns 66,503 shares of the company’s stock, valued at $2,118,120.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 341,097 shares of company stock valued at $11,616,450. Company insiders own 47.14% of the company’s stock.

About Squarespace

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.