Fintel reports that on March 4, 2024, Baird upgraded their outlook for Squarespace (NYSE:SQSP) from Neutral to Outperform .
Analyst Price Forecast Suggests 13.47% Upside
As of February 24, 2024, the average one-year price target for Squarespace is 36.72. The forecasts range from a low of 30.30 to a high of $43.05. The average price target represents an increase of 13.47% from its latest reported closing price of 32.36.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Squarespace is 1,104MM, an increase of 9.05%. The projected annual non-GAAP EPS is 0.48.
What is the Fund Sentiment?
There are 462 funds or institutions reporting positions in Squarespace. This is an increase of 22 owner(s) or 5.00% in the last quarter. Average portfolio weight of all funds dedicated to SQSP is 0.14%, a decrease of 12.97%. Total shares owned by institutions increased in the last three months by 1.40% to 63,928K shares. 
The put/call ratio of SQSP is 0.16, indicating a bullish outlook.
What are Other Shareholders Doing?
General Atlantic holds 10,611K shares representing 7.77% ownership of the company. In it's prior filing, the firm reported owning 16,611K shares, representing a decrease of 56.54%. The firm decreased its portfolio allocation in SQSP by 32.35% over the last quarter.
Wellington Management Group Llp holds 8,284K shares representing 6.07% ownership of the company. In it's prior filing, the firm reported owning 7,015K shares, representing an increase of 15.31%. The firm decreased its portfolio allocation in SQSP by 85.20% over the last quarter.
VEXPX - VANGUARD EXPLORER FUND Investor Shares holds 2,447K shares representing 1.79% ownership of the company. In it's prior filing, the firm reported owning 67K shares, representing an increase of 97.27%. The firm increased its portfolio allocation in SQSP by 3,597.32% over the last quarter.
Riverbridge Partners holds 2,293K shares representing 1.68% ownership of the company. In it's prior filing, the firm reported owning 2,333K shares, representing a decrease of 1.75%. The firm increased its portfolio allocation in SQSP by 2.51% over the last quarter.
Citadel Advisors holds 2,213K shares representing 1.62% ownership of the company. In it's prior filing, the firm reported owning 181K shares, representing an increase of 91.83%. The firm increased its portfolio allocation in SQSP by 1,200.47% over the last quarter.
Squarespace Background Information
(This description is provided by the company.)
Squarespace is a leading all-in-one website building and ecommerce platform that enables millions to build a brand and transact with their customers in an impactful and beautiful online presence. Its suite of products enables anyone at any stage of their journey to manage their projects and businesses through websites, domains, ecommerce, marketing tools, and scheduling, along with tools for managing a social media presence with Unfold and hospitality business management via Tock. Squarespace democratizes access to best-in-class design, helping its customers in approximately 180 countries maintain consistent branding across all digital touchpoints to stand out online. Its team of more than 1,200 is headquartered in downtown New York City, with offices in Dublin, Ireland, Portland, Oregon, and Los Angeles, California.
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This story originally appeared on Fintel.
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