Barclays analyst Trevor Young maintained a Hold rating on Squarespace (SQSP – Research Report) today and set a price target of $40.00. The company’s shares closed yesterday at $36.88.
According to TipRanks, Young is an analyst with an average return of -1.6% and a 50.49% success rate. Young covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, Etsy, and Revolve Group.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Squarespace with a $39.45 average price target.
The company has a one-year high of $37.91 and a one-year low of $26.70. Currently, Squarespace has an average volume of 758.1K.
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Squarespace (SQSP) Company Description:
Squarespace Inc is an all-in-one platform for businesses and independent creators to build an online presence, grow their brands and manage their businesses across the internet. It offers websites, domains, e-commerce, tools for managing a social media presence, marketing tools, and scheduling capabilities. The company primarily derives revenue from monthly and annual subscriptions. Revenue is also derived from non-subscription services including fixed fees earned on revenue share arrangements with third parties and fixed transaction fees that it earns on sales made through customers’ websites.
