In a report released on January 18, Trevor Young from Barclays maintained a Hold rating on Squarespace (SQSP – Research Report), with a price target of $34.00. The company’s shares opened today at $32.00.
According to TipRanks, Young is a 2-star analyst with an average return of -0.1% and a 55.62% success rate. Young covers the Consumer Cyclical sector, focusing on stocks such as Chewy, Expedia, and Booking Holdings.
Squarespace has an analyst consensus of Moderate Buy, with a price target consensus of $35.25.
See today’s best-performing stocks on TipRanks >>
The company has a one-year high of $34.38 and a one-year low of $21.12. Currently, Squarespace has an average volume of 707.5K.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SQSP in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
