In the latest session, Squarespace Inc (NYSE: SQSP) closed at $32.36 down -2.76% from its previous closing price of $33.28. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 1206438 shares were traded.
Ratios:
For a deeper understanding of Squarespace Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 15.02 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 20.64. For the most recent quarter (mrq), Quick Ratio is recorded 0.68 and its Current Ratio is at 0.68.
On October 24, 2023, Seaport Research Partners started tracking the stock assigning a Buy rating and target price of $35.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Feb 23 when Casalena Anthony sold 57,608 shares for $32.13 per share. The transaction valued at 1,851,149 led to the insider holds 3,330,671 shares of the business.
Casalena Anthony sold 67,230 shares of SQSP for $2,139,931 on Feb 22. The Chief Executive Officer now owns 3,388,279 shares after completing the transaction at $31.83 per share. On Feb 22, another insider, Gooden Nathan, who serves as the Chief Financial Officer of the company, sold 5,129 shares for $31.85 each. As a result, the insider received 163,359 and left with 66,503 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 4.41B and an Enterprise Value of 4.84B. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.37. Its current Enterprise Value per Revenue stands at 4.78 whereas that against EBITDA is 36.90.
Stock Price History:
Over the past 52 weeks, SQSP has reached a high of $34.62, while it has fallen to a 52-week low of $22.73. The 50-Day Moving Average of the stock is 31.93, while the 200-Day Moving Average is calculated to be 30.37.
Shares Statistics:
For the past three months, SQSP has traded an average of 717.49K shares per day and 961.5k over the past ten days. A total of 88.55M shares are outstanding, with a floating share count of 58.80M. Insiders hold about 57.05% of the company’s shares, while institutions hold 36.05% stake in the company. Shares short for SQSP as of Feb 15, 2024 were 3.56M with a Short Ratio of 4.96, compared to 2.62M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.62% and a Short% of Float of 7.90%.
Earnings Estimates
There are 8 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0.08 and a low estimate of -$0.12, while EPS last year was $0. The consensus estimate for the next quarter is $0.13, with high estimates of $0.22 and low estimates of $0.06.
Analysts are recommending an EPS of between $0.78 and $0.17 for the fiscal current year, implying an average EPS of $0.37. EPS for the following year is $0.54, with 9 analysts recommending between $1.17 and $0.21.
Revenue Estimates
A total of 16 analysts believe the company’s revenue will be $275.88M this quarter.It ranges from a high estimate of $283.36M to a low estimate of $260.46M. As of the current estimate, Squarespace Inc’s year-ago sales were $233.06M, an estimated increase of 18.40% from the year-ago figure. For the next quarter, 16 analysts are estimating revenue of $289.81M, an increase of 17.10% less than the figure of $18.40% in the same quarter last year. There is a high estimate of $302.62M for the next quarter, whereas the lowest estimate is $273.35M.
A total of 17 analysts have provided revenue estimates for SQSP’s current fiscal year. The highest revenue estimate was $1.23B, while the lowest revenue estimate was $1.12B, 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 $1.27B. The average revenue growth estimate for next year is up 14.10% from the average revenue estimate for this year.
