Blair William & Co. IL Has $317,000 Holdings in Squarespace, Inc. (NYSE:SQSP)

Blair William & Co. IL decreased its holdings in shares of Squarespace, Inc. (NYSE:SQSP) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,275 shares of the company’s stock after selling 1,025 shares during the quarter. Blair William & Co. IL’s holdings in Squarespace were worth $317,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of SQSP. Principal Financial Group Inc. grew its position in shares of Squarespace by 33.2% during the 4th quarter. Principal Financial Group Inc. now owns 31,336 shares of the company’s stock worth $1,034,000 after buying an additional 7,808 shares during the period. UBS Group AG grew its position in shares of Squarespace by 137.9% during the 4th quarter. UBS Group AG now owns 271,617 shares of the company’s stock worth $8,966,000 after buying an additional 157,462 shares during the period. US Bancorp DE grew its position in shares of Squarespace by 33.8% during the 4th quarter. US Bancorp DE now owns 18,486 shares of the company’s stock worth $610,000 after buying an additional 4,665 shares during the period. Hawk Ridge Capital Management LP acquired a new stake in shares of Squarespace during the 4th quarter worth approximately $9,648,000. Finally, Teachers Retirement System of The State of Kentucky grew its position in shares of Squarespace by 7.5% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 56,955 shares of the company’s stock worth $1,880,000 after buying an additional 3,961 shares during the period. Institutional investors and hedge funds own 92.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SQSP. Barclays lifted their price target on shares of Squarespace from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Mizuho cut shares of Squarespace from an “outperform” rating to a “neutral” rating and set a $44.00 price objective for the company. in a report on Monday, August 5th. UBS Group boosted their price objective on shares of Squarespace from $44.00 to $46.50 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, B. Riley cut shares of Squarespace from a “buy” rating to a “neutral” rating and set a $43.00 price objective for the company. in a report on Tuesday, June 11th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $43.14.

Insider Transactions at Squarespace

In other news, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction on Friday, July 12th. The shares were sold at an average price of $43.72, for a total value of $109,300.00. Following the sale, the insider now owns 39,986 shares of the company’s stock, valued at $1,748,187.92. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CEO Anthony Casalena sold 145,182 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $46.33, for a total transaction of $6,726,282.06. Following the transaction, the chief executive officer now directly owns 1,349,263 shares in the company, valued at $62,511,354.79. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Paul Gubbay sold 2,500 shares of the business’s stock in a transaction on Friday, July 12th. The stock was sold at an average price of $43.72, for a total transaction of $109,300.00. Following the transaction, the insider now owns 39,986 shares in the company, valued at $1,748,187.92. The disclosure for this sale can be found here. Insiders have sold a total of 379,701 shares of company stock valued at $17,069,289 over the last 90 days. 44.96% of the stock is owned by corporate insiders.

Squarespace Stock Performance

Shares of SQSP opened at $46.41 on Friday. Squarespace, Inc. has a twelve month low of $26.70 and a twelve month high of $46.48. The firm’s 50 day moving average price is $45.08 and its two-hundred day moving average price is $41.60. The firm has a market cap of $6.43 billion, a P/E ratio of -928.20, a PEG ratio of 8.30 and a beta of 0.62.

Squarespace (NYSE:SQSP) last announced its quarterly earnings results on Friday, August 2nd. The company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.07). The business had revenue of $296.80 million for the quarter, compared to analysts’ expectations of $293.12 million. During the same quarter in the prior year, the firm posted $0.03 earnings per share. The business’s quarterly revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts anticipate that Squarespace, Inc. will post 0.28 earnings per share for the current fiscal year.

Squarespace Profile

Squarespace, Inc operates platform for businesses and independent creators to build online presence, grow their brands, and manage their businesses across the internet in the United States and internationally. It enables users to manage their projects and businesses through websites, domains, e-commerce, marketing tools, scheduling, and hospitality services, as well as tools for managing a social media presence.