J.P. Morgan analyst Raquel Betesh maintained a Buy rating on Squarespace (SQSP – Research Report) on July 25 and set a price target of $25.00. The company’s shares closed last Tuesday at $19.50, close to its 52-week low of $14.43.
According to TipRanks.com, Betesh is a 2-star analyst with an average return of -3.6% and a 33.3% success rate. Betesh covers the Technology sector, focusing on stocks such as Alkami Technology, EngageSmart, and Expensify.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Squarespace with a $25.73 average price target, which is a 35.3% upside from current levels. In a report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $25.00 price target.
The company has a one-year high of $58.99 and a one-year low of $14.43. Currently, Squarespace has an average volume of 708.6K.
Based on the recent corporate insider activity of 24 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 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.
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