Squarespace Inc. (NYSE: SQSP) closed the day trading at $29.80 up 0.64% from the previous closing price of $29.61. In other words, the price has increased by $+0.19 from its previous closing price. On the day, 550513 shares were traded. SQSP stock price reached its highest trading level at $30.29 during the session, while it also had its lowest trading level at $29.32.
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Ratios:
For a better understanding of SQSP, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.76 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 23.61. For the most recent quarter (mrq), Quick Ratio is recorded 0.70 and its Current Ratio is at 0.70.
Upgrades & Downgrades
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 16 when KLEIN JONATHAN D sold 53,758 shares for $27.28 per share. The transaction valued at 1,466,518 led to the insider holds 691,682 shares of the business.
KLEIN JONATHAN D sold 28,446 shares of SQSP for $768,042 on Mar 14. The Director now owns 745,440 shares after completing the transaction at $27.00 per share. On Feb 24, another insider, O’Connor Courtenay, who serves as the General Counsel and Secretary of the company, sold 21,801 shares for $23.14 each. As a result, the insider received 504,475 and left with 38,216 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SQSP now has a Market Capitalization of 3.80B and an Enterprise Value of 4.18B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.47. Its current Enterprise Value per Revenue stands at 4.66 whereas that against EBITDA is -29.49.
Stock Price History:
Over the past 52 weeks, SQSP has reached a high of $33.41, while it has fallen to a 52-week low of $16.86. The 50-Day Moving Average of the stock is 30.07, while the 200-Day Moving Average is calculated to be 24.01.
Shares Statistics:
Over the past 3-months, SQSP traded about 789.30K shares per day on average, while over the past 10 days, SQSP traded about 639.73k shares per day. A total of 134.92M shares are outstanding, with a floating share count of 82.74M. Insiders hold about 10.00% of the company’s shares, while institutions hold 79.90% stake in the company. Shares short for SQSP as of Apr 27, 2023 were 3.47M with a Short Ratio of 3.47M, compared to 2.74M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.57% and a Short% of Float of 7.84%.
Earnings Estimates
Current recommendations for the stock of the company come from 9 analysts. On average, analysts expect EPS of $0.14 for the current quarter, with a high estimate of $0.31 and a low estimate of $0.09, while EPS last year was $0.45. The consensus estimate for the next quarter is $0.12, with high estimates of $0.26 and low estimates of $0.06.
Analysts are recommending an EPS of between $1.03 and $0.06 for the fiscal current year, implying an average EPS of $0.36. EPS for the following year is $0.45, with 10 analysts recommending between $1 and $0.21.
Revenue Estimates
13 analysts predict $243.38M in revenue for the current quarter. It ranges from a high estimate of $245M to a low estimate of $242.33M. As of the current estimate, Squarespace Inc.’s year-ago sales were $212.7M, an estimated increase of 14.40% from the year-ago figure. For the next quarter, 13 analysts are estimating revenue of $245.78M, an increase of 14.00% less than the figure of $14.40% in the same quarter last year. There is a high estimate of $248.9M for the next quarter, whereas the lowest estimate is $242.67M.
A total of 16 analysts have provided revenue estimates for SQSP’s current fiscal year. The highest revenue estimate was $982.5M, while the lowest revenue estimate was $974.97M, resulting in an average revenue estimate of $978.45M. In the same quarter a year ago, actual revenue was $866.97M, up 12.90% from the average estimate. Based on 15 analysts’ estimates, the company’s revenue will be $1.09B in the next fiscal year. The high estimate is $1.17B and the low estimate is $1.06B. The average revenue growth estimate for next year is up 11.80% from the average revenue estimate for this year.
