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

Squarespace, Inc. (NYSE:SQSP) – Equities researchers at B. Riley increased their FY2028 earnings estimates for Squarespace in a research note issued to investors on Tuesday, April 23rd. B. Riley analyst N. Khan now expects that the company will earn $2.10 per share for the year, up from their previous estimate of $1.99. B. Riley currently 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 quarterly earnings results on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.12). The business had revenue of $270.72 million for the quarter, compared to analyst estimates of $263.41 million. During the same quarter in the prior year, the firm earned ($0.07) EPS. Squarespace’s revenue was up 18.3% on a year-over-year basis.

A number of other research analysts have also recently commented on SQSP. Mizuho increased their price target on shares of Squarespace from $32.00 to $34.00 and gave the company a “neutral” rating in a research report on Thursday, February 29th. Royal Bank of Canada raised their target price on shares of Squarespace from $32.00 to $35.00 and gave the stock a “sector perform” rating in a report on Thursday, February 29th. Barclays raised their target price on shares of Squarespace from $34.00 to $37.00 and gave the stock an “equal weight” rating in a report on Thursday, February 29th. Raymond James started coverage on Squarespace in a research note on Wednesday, March 27th. They issued an “outperform” rating and a $40.00 price target for the company. Finally, JMP Securities raised their price target on Squarespace from $40.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, March 18th. Five investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.54.

Squarespace Trading Up 2.6 %

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

Institutional Investors Weigh In On Squarespace

Several large investors have recently bought and sold shares of SQSP. Sunbelt Securities Inc. grew its stake in shares of 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 purchasing an additional 1,638 shares during the period. International Assets Investment Management LLC grew its stake in shares of Squarespace by 3,201.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,301 shares of the company’s stock valued at $100,000 after purchasing an additional 3,201 shares during the period. Amalgamated Bank grew its stake in shares of Squarespace by 12.4% during the 3rd quarter. Amalgamated Bank now owns 5,106 shares of the company’s stock valued at $148,000 after purchasing an additional 565 shares during the period. Handelsbanken Fonder AB bought a new stake in shares of Squarespace during the 4th quarter valued at about $244,000. Finally, Landscape Capital Management L.L.C. bought a new stake in shares of Squarespace during the 3rd quarter valued at about $250,000. 92.30% of the stock is currently owned by institutional investors.

Insider Transactions at Squarespace

In other news, CEO Anthony Casalena sold 45,389 shares of Squarespace stock in a transaction dated Monday, April 15th. The stock was 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 owns 2,877,107 shares of the company’s stock, valued at approximately $102,338,695.99. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, General Counsel Courtenay O’connor sold 20,622 shares of Squarespace stock in a transaction dated Thursday, March 14th. The stock was sold at an average price of $32.02, for a total value of $660,316.44. Following the completion of the sale, the general counsel now directly owns 44,189 shares in the company, valued at approximately $1,414,931.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Anthony Casalena sold 45,389 shares of Squarespace stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $35.57, for a total value of $1,614,486.73. Following the completion of the sale, the chief executive officer now 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. Insiders sold a total of 401,032 shares of company stock valued at $13,576,924 in the last quarter. 47.14% of the stock is owned by 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.