Squarespace Inc. Class A (NYSE:SQSP) traded today at a new 52-week high of $64.71. So far today approximately 120,000 shares have been exchanged, as compared to an average 30-day volume of 663,000 shares.
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.
In the past 52 weeks, Squarespace Inc. Class A share prices are bracketed by a low of $42.82 and a high of $64.71 and is now at $64.10, 50% above that low price.
Potential upside of 3.0% exists for Squarespace Inc. Class A, based on a current level of $64.10 and analysts’ average consensus price target of $66.03.
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