Squarespace, Inc. (NYSE:SQSP – Get Rating)'s stock price was up 4.8% during mid-day trading on Monday . The company traded as high as $24.80 and last traded at $24.61. Approximately 5,684 shares were traded during trading, a decline of 99% from the average daily volume of 569,799 shares. The stock had previously closed at $23.48.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SQSP shares. Piper Sandler reduced their price objective on Squarespace from $26.00 to $21.00 and set a "neutral" rating for the company in a report on Tuesday, July 26th. Barclays cut their price target on Squarespace from $25.00 to $24.00 and set an "equal weight" rating for the company in a research note on Tuesday, June 21st. Credit Suisse Group assumed coverage on Squarespace in a research note on Tuesday, May 31st. They issued a "neutral" rating and a $25.00 price target for the company. Oppenheimer initiated coverage on Squarespace in a research note on Tuesday, July 26th. They issued a "market perform" rating for the company. Finally, KeyCorp lowered their price objective on shares of Squarespace from $30.00 to $25.00 and set an "overweight" rating for the company in a research report on Tuesday, July 26th. Nine equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Squarespace currently has a consensus rating of "Hold" and an average price target of $28.77.

Squarespace Stock Performance

The firm's fifty day moving average price is $21.74 and its 200-day moving average price is $22.51.

Insider Activity at Squarespace

In related news, major shareholder Venture Growth Associate Index sold 483,153 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $21.75, for a total value of $10,508,577.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, major shareholder Venture Growth Associate Index sold 483,153 shares of the stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $21.75, for a total value of $10,508,577.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ventures Growth I. Parall Index sold 34,696 shares of the stock in a transaction on Wednesday, July 27th. The shares were sold at an average price of $20.02, for a total value of $694,613.92. Following the completion of the sale, the insider now owns 516,992 shares of the company's stock, valued at $10,350,179.84. The disclosure for this sale can be found here. Insiders sold 613,110 shares of company stock worth $13,238,858 over the last three months. Company insiders own 45.51% of the company's stock.

Institutional Trading of Squarespace

A number of institutional investors have recently bought and sold shares of SQSP. Captrust Financial Advisors boosted its position in shares of Squarespace by 2,128.1% during the 1st quarter. Captrust Financial Advisors now owns 1,270 shares of the company's stock worth $33,000 after purchasing an additional 1,213 shares in the last quarter. Advisors Asset Management Inc. bought a new position in shares of Squarespace during the 1st quarter worth about $46,000. Parkside Financial Bank & Trust bought a new position in shares of Squarespace during the 1st quarter worth about $58,000. Hardy Reed LLC bought a new position in shares of Squarespace during the 1st quarter worth about $85,000. Finally, Advisor Group Holdings Inc. boosted its position in shares of Squarespace by 93.2% during the 1st quarter. Advisor Group Holdings Inc. now owns 3,336 shares of the company's stock worth $85,000 after purchasing an additional 1,609 shares in the last quarter. Institutional investors own 41.20% of the company's stock.

About Squarespace

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Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet. Its suite of integrated products enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, and scheduling, as well as tools for managing a social media presence.

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