As of close of business last night, Squarespace Inc’s stock clocked out at $35.16, up 2.66% from its previous closing price of $34.25. In other words, the price has increased by $+0.91 from its previous closing price. On the day, 582642 shares were traded.
Ratios:
To gain a deeper understanding of SQSP’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 16.32 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 22.43. For the most recent quarter (mrq), Quick Ratio is recorded 0.68 and its Current Ratio is at 0.68.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Robert W. Baird on March 04, 2024, Upgraded its rating to Outperform and sets its target price to $39 from $30 previously.
On January 24, 2024, JMP Securities Upgraded its rating to Mkt Outperform which previously was Mkt Perform but kept the price unchanged to $40.
On October 24, 2023, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $35.Seaport Research Partners initiated its Buy rating on October 24, 2023, with a $35 target price.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 20 ’24 when Casalena Anthony sold 94,013 shares for $34.27 per share. The transaction valued at 3,222,054 led to the insider holds 3,004,950 shares of the business.
Casalena Anthony sold 100,228 shares of SQSP for $3,432,977 on Mar 19 ’24. The Chief Executive Officer now owns 3,098,963 shares after completing the transaction at $34.25 per share. On Mar 14 ’24, another insider, O’Connor Courtenay, who serves as the General Counsel and Secretary of the company, sold 20,622 shares for $32.02 each. As a result, the insider received 660,316 and left with 44,189 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 4.80B and an Enterprise Value of 5.22B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.74. Its current Enterprise Value per Revenue stands at 5.16 whereas that against EBITDA is 39.87.
Stock Price History:
Over the past 52 weeks, SQSP has reached a high of $34.83, while it has fallen to a 52-week low of $25.59. The 50-Day Moving Average of the stock is 32.29, while the 200-Day Moving Average is calculated to be 30.61.
Shares Statistics:
It appears that SQSP traded 776.70K shares on average per day over the past three months and 935.79k shares per day over the past ten days. A total of 88.55M shares are outstanding, with a floating share count of 58.96M. Insiders hold about 56.83% of the company’s shares, while institutions hold 36.06% stake in the company. Shares short for SQSP as of Feb 29, 2024 were 3.27M with a Short Ratio of 4.20, compared to 2.51M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.39% and a Short% of Float of 7.16%.
Earnings Estimates
As of right now, 11 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of $0.08 and a low estimate of -$0.27, while EPS last year was $0. The consensus estimate for the next quarter is $0.13, with high estimates of $0.27 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.78 and $0.16 for the fiscal current year, implying an average EPS of $0.39. EPS for the following year is $0.63, with 12 analysts recommending between $1.17 and $0.21.
Revenue Estimates
In the current quarter, 16 analysts expect revenue to total $276.41M. It ranges from a high estimate of $280.08M to a low estimate of $274.93M. As of the current estimate, Squarespace Inc’s year-ago sales were $233.06M, an estimated increase of 18.60% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $289.46M, an increase of 16.90% less than the figure of $18.60% in the same quarter last year. There is a high estimate of $291.26M for the next quarter, whereas the lowest estimate is $286.2M.
A total of 17 analysts have provided revenue estimates for SQSP’s current fiscal year. The highest revenue estimate was $1.2B, while the lowest revenue estimate was $1.18B, resulting in an average revenue estimate of $1.18B. In the same quarter a year ago, actual revenue was $1.01B, up 17.00% from the average estimate. Based on 17 analysts’ estimates, the company’s revenue will be $1.35B in the next fiscal year. The high estimate is $1.56B and the low estimate is $1.31B. The average revenue growth estimate for next year is up 14.40% from the average revenue estimate for this year.
