Squarespace (SQSP) Stock Price, News & Analysis

Company Overview

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. It serves a range of industries and sizes from sole proprietors to enterprises. Squarespace, Inc. was founded in 2003 and is headquartered in New York, New York.

Key Stats

• Today's Range: $46.47 to $46.54
• 50-Day Range: $43.98 to $46.49
• 52-Week Range: $26.70 to $46.54
• Volume: 2.85 million shs
• Average Volume: 1.74 million shs
• Market Capitalization: $6.44 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $43.14
• Consensus Rating: Hold

Squarespace Stock Analysis - MarketRank™

Squarespace scored higher than 45% of companies evaluated by MarketBeat, and ranked 451st out of 664 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.1 / 5
• Analyst Rating: Hold

Consensus Rating

Squarespace has received a consensus rating of Hold. The company's average rating score is 2.23, and is based on 3 buy ratings, 10 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Squarespace has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 78.57%

Earnings Growth

Earnings for Squarespace are expected to grow by 78.57% in the coming year, from $0.28 to $0.50 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Squarespace is -929.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Squarespace is -929.80, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Squarespace has a PEG Ratio of 8.31. PEG Ratios above 1 indicate that a company could be overvalued.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.02% of the float of Squarespace has been sold short.

Short Interest Ratio / Days to Cover

Squarespace has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Squarespace has recently increased by 15.23%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Squarespace does not currently pay a dividend.

Dividend Growth

Squarespace does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.02% of the float of Squarespace has been sold short.

Short Interest Ratio / Days to Cover

Squarespace has a short interest ratio ("days to cover") of 1.5, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Squarespace has recently increased by 15.23%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.6 / 5
• News Sentiment: 0.71

News Sentiment

Squarespace has a news sentiment score of 0.71. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.55 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 13 news articles for Squarespace this week, compared to 6 articles on an average week.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Squarespace insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $16,263,305.00 in company stock.

Percentage Held by Insiders

44.96% of the stock of Squarespace is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

92.30% of the stock of Squarespace is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SQSP Stock Analysis - Frequently Asked Questions

How have SQSP shares performed this year?

Squarespace's stock was trading at $33.01 on January 1st, 2024. Since then, SQSP stock has increased by 40.8% and is now trading at $46.49.
View the best growth stocks for 2024 here.

How were Squarespace's earnings last quarter?

Squarespace, Inc. (NYSE:SQSP) released its quarterly earnings results on Friday, August, 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts' consensus estimates of $0.11 by $0.07. Squarespace's revenue for the quarter was up 19.9% compared to the same quarter last year.

When did Squarespace IPO?

Squarespace (SQSP) raised $0 in an initial public offering (IPO) on Wednesday, May 19th 2021. The company issued 0 shares at a price of $0.00 per share. Goldman Sachs, J.P. Morgan, Barclays, RBC Capital Markets, Citigroup, BofA Securities, William Blair, Raymond James, JMP Securities, KeyBanc Capital Markets, Piper Sandler, Mizuho Securities USA, Fifth Third Securities and Citizens Capital Markets acted as the underwriters for the IPO.

Who are Squarespace's major shareholders?

Squarespace's top institutional investors include SG Americas Securities LLC (0.02%) and Handelsbanken Fonder AB (0.01%). Insiders that own company stock include Atlantic (Sqrs) Lp General, Anthony Casalena, Jonathan D Klein, Ventures Growth I Parall Index, Ventures Growth I (Jerse Index, Nathan Gooden, Courtenay O'connor, Paul Gubbay and Venture Growth Associate Index.
View institutional ownership trends.

How do I buy shares of Squarespace?

Shares of SQSP stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/02/2024
• Today: 10/05/2024
• Next Earnings (Estimated): 11/05/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Prepackaged software
• Sub-Industry: Computer Software
• Current Symbol: NYSE:SQSP
• CUSIP: N/A
• CIK: 1496963
• Web: www.squarespace.com
• Phone: 646-580-3456
• Fax: N/A
• Employees: 1,749
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $43.14
• High Stock Price Target: $47.00
• Low Stock Price Target: $38.00
• Potential Upside/Downside: -7.2%
• Consensus Rating: Hold
• Rating Score (0-4): 2.23
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.05)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 166.04
• P/E Growth: 8.31
• Net Income: $-7,080,000.00
• Net Margins: -0.45%
• Pretax Margin: 1.65%
• Return on Equity: N/A
• Return on Assets: -0.52%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.76
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $1.01 billion
• Price / Sales: 6.36
• Cash Flow: $0.27 per share
• Price / Cash Flow: 171.87
• Book Value: ($1.91) per share
• Price / Book: -24.34

Miscellaneous

• Outstanding Shares: 138,480,000
• Free Float: 75,696,000
• Market Cap: $6.44 billion
• Optionable: Optionable
• Beta: 0.62