Analysts Offer Predictions for Squarespace, Inc.’s FY2027 Earnings (NYSE:SQSP)

Squarespace, Inc. (NYSE:SQSP) – Research analysts at B. Riley increased 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 anticipates that the company will post earnings of $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 posted its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share 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. During the same period in the prior year, the company earned ($0.07) EPS. Squarespace’s revenue was up 18.3% on a year-over-year basis.

A number of other analysts have also recently commented on the company. Robert W. Baird upgraded Squarespace from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $30.00 to $39.00 in a research report on Monday, March 4th. Royal Bank of Canada upped their price target on Squarespace from $32.00 to $35.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 29th. Piper Sandler restated an “overweight” rating and issued a $40.00 price target on shares of Squarespace in a research report on Thursday, February 29th. Citigroup upped their price objective on Squarespace from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Finally, Barclays increased their price target on Squarespace from $34.00 to $37.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Five analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.54.

Squarespace Stock Performance

Squarespace stock opened at $35.69 on Thursday. The stock has a market cap of $4.87 billion, a PE ratio of -713.80, a price-to-earnings-growth ratio of 3.58 and a beta of 0.51. Squarespace has a one year low of $25.59 and a one year high of $37.89. The stock has a fifty day moving average of $34.30 and a 200 day moving average of $31.64.

Institutional Trading of Squarespace

Several hedge funds and other institutional investors have recently bought and sold shares of SQSP. Sunbelt Securities Inc. boosted its position in Squarespace by 195.2% during the 3rd quarter. Sunbelt Securities Inc. now owns 2,477 shares of the company’s stock valued at $72,000 after acquiring an additional 1,638 shares in the last quarter. International Assets Investment Management LLC boosted its position in shares of Squarespace by 3,201.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock worth $100,000 after purchasing an additional 3,201 shares in the last quarter. Amalgamated Bank boosted its position in shares of Squarespace by 12.4% in the 3rd quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock worth $148,000 after purchasing an additional 565 shares in the last quarter. Handelsbanken Fonder AB acquired a new stake in shares of Squarespace in the 4th quarter worth $244,000. Finally, Landscape Capital Management L.L.C. acquired a new stake in shares of Squarespace in the 3rd quarter worth $250,000. Institutional investors own 92.30% of the company’s stock.

Insider Transactions at Squarespace

In other news, CEO Anthony Casalena sold 66,420 shares of the stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $32.36, for a total value of $2,149,351.20. Following the sale, the chief executive officer now directly owns 3,521,896 shares in the company, valued at $113,968,554.56. The sale was disclosed in a document filed with the SEC, which is available at this link. In other Squarespace news, Director Jonathan D. Klein sold 700 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $37.50, for a total transaction of $26,250.00. Following the transaction, the director now directly owns 651,380 shares in the company, valued at approximately $24,426,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Anthony Casalena sold 66,420 shares of the stock in a transaction on Monday, January 29th. The shares were sold at an average price of $32.36, for a total value of $2,149,351.20. Following the sale, the chief executive officer now directly owns 3,521,896 shares in the company, valued at approximately $113,968,554.56. The disclosure for this sale can be found here. Over the last three months, insiders have sold 401,032 shares of company stock worth $13,576,924. 47.14% of the stock is currently owned by company insiders.

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.