Is Squarespace Inc (NYSE: SQSP) No Longer A Good Investment?

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. Most recently, Yahoo Finance reported about the stock as it publicized that Squarespace Announces Fourth Quarter and Full Year 2023 Financial Results and $500 Million Share Repurchase Authorization.

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Stocks Info

SQSP belongs to the Technology sector of the NYSE while operating in the Software – Infrastructure industry. The current market capitalization of Squarespace Inc is $4.72B. A total of 0.83 million shares were traded on the day, compared to an average of 778.72K shares.

In the most recent transaction, O’Connor Courtenay sold 20,622 shares of SQSP for 32.02 per share on Mar 14 ’24. After the transaction, the General Counsel and Secretary now owns 44,189 company shares. In a previous transaction on Mar 07 ’24, Casalena Anthony sold 80,202 shares at 32.02 per share. SQSP shares that Chief Executive Officer owns now total 3,199,191.

Among the insiders who sold shares, Casalena Anthony disposed of 51,278 shares on Mar 06 ’24 at a per-share price of $31.46. This resulted in the Chief Executive Officer holding 3,279,393 shares of SQSP after the transaction. In another insider transaction, Gubbay Paul sold 10,000 shares at $32.75 per share on Mar 04 ’24. Company shares held by the Chief Product Officer now total 46,186.

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. In terms of 52-week highs and lows, SQSP has a high of $34.83 and a low of $25.59.

As of this writing, SQSP has an earnings estimate of -$0.09 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.08 per share and a lower estimate of -$0.27. The company reported an EPS of -$0.12 in the last quarter, which was -192.30% lower than expectations of $0.13.

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 -$1.91, 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 4.20.

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