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Monday, June 5, 2023

Value Investing Philosophy And Squarespace Inc. (NYSE: SQSP)?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for Squarespace Inc. (SQSP) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.58, or 2.05%, to $28.82. The Squarespace Inc. has recorded 6,169 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Squarespace to Present at Upcoming Investor Conferences.

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Stocks Info

SQSP belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. At the end of the last regular session, the stock closed at $28.24 and fluctuated between $28.84 as its day high and $27.82 as its day low. The current market capitalization of Squarespace Inc. is $3.81B. A total of 0.77 million shares were traded on the day, compared to an average of 776.28K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, SQSP has seen 6 BUY and 5 SELL insider trades, representing the acquisition of 61,406 and the disposition of 129,158 shares. Over the last 12 months, there were 13 BUYs and 37 SELLs from insiders. Insiders purchased 98,071 shares during that period but sold 10,705,751.

In the most recent transaction, KLEIN JONATHAN D sold 53,758 shares of SQSP for 27.28 per share on Mar 16. After the transaction, the Director now owns 691,682 company shares. In a previous transaction on Mar 14, KLEIN JONATHAN D sold 28,446 shares at 27.00 per share. SQSP shares that Director owns now total 745,440.

Among the insiders who sold shares, O’Connor Courtenay disposed of 21,801 shares on Feb 24 at a per-share price of $23.14. This resulted in the General Counsel and Secretary holding 38,216 shares of SQSP after the transaction. In another insider transaction, O’Connor Courtenay sold 7,028 shares at $25.23 per share on Feb 02. Company shares held by the General Counsel and Secretary now total 38,216.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for SQSP in the last 3 months, the mean price target is $32.08 with high estimates of $40.00 and low estimates of $28.00. In terms of 52-week highs and lows, SQSP has a high of $33.41 and a low of $16.86.

As of this writing, SQSP has an earnings estimate of $0.15 per share for the current quarter. EPS was calculated based on a consensus of 10 estimates, with a high estimate of $0.31 per share and a lower estimate of $0.09. The company reported an EPS of -$1.72 in the last quarter, which was -1,533.30% lower than expectations of $0.12.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SQSP’s latest balance sheet shows that the firm has $234.70M in Cash & Short Term Investments as of fiscal 2021. There were $526.63M in debt and $367.21M in liabilities at the time. Its Book Value Per Share was -$2.36, while its Total Shareholder’s Equity was -$13.48M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SQSP is Buy with a score of 3.64.

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