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Lack Of E-Commerce Visibility Leads To Squarespace Downgrade, Analyst Says

Lack Of E-Commerce Visibility Leads To Squarespace Downgrade, Analyst Says

分析师称，缺乏电子商务知名度导致Squarespace降级
Benzinga Real-time News ·  2023/01/20 12:27
  • KeyBanc analyst Josh Beck downgraded Squarespace, Inc (NYSE:SQSP) to Sector Weight from Overweight without a price target.
  • The re-rating reflected a more measured e-commerce backdrop.
  • Despite Beck's generally optimistic stance on management teams and long-term strategy in the commerce and back-office software space, reduced e-commerce visibility prompts a more cautious stance on Squarespace.
  • Beck sought increased visibility to growth initiatives, like branded payments, as potential incremental fundamental upside sources.
  • Pricing optimization and Tock momentum are likely to help near-term results.
  • As announced in November, e-commerce juggernaut Amazon.Com, Inc (NASDAQ:AMZN) reportedly initiated a round of record layoffs affecting over 18,000 employees as it battled slowing online sales growth and a possible recession.
  • Price Action: SQSP shares traded lower by 9.07% at $20.85 on the last check Friday.
  • Photo Via Company
  • Keybanc 分析师乔什·贝克下调评级 Squarespace, （纽约证券交易所代码：SQSP）将行业权重从增持转为没有目标价格。
  • 重新评级反映了更为谨慎的电子商务背景。
  • 尽管贝克对商务和后台软件领域的管理团队和长期战略普遍持乐观态度，但电子商务知名度的降低促使人们对Squarespace采取了更加谨慎的立场。
  • 贝克寻求提高品牌支付等增长举措的知名度，以此作为潜在的增量基本面上行来源。
  • 定价优化和Tock势头可能有助于短期业绩。
  • 正如宣布的那样 十一月，电子商务巨头 Amazon.com, Inc 据报道，纳斯达克股票代码：AMZN）发起了一轮创纪录的裁员，影响了18,000多名员工，他们正在与在线销售增长放缓和可能的衰退作斗争。
  • 价格走势： 周五的最后一张支票中，SQSP股价下跌9.07％，至20.85美元。
  • 照片来自公司
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