Shares of Squarespace Inc. Class A (NYSE:SQSP) traded today at $60.62, eclipsing its 52-week high. So far today approximately 96,000 shares have been exchanged, as compared to an average 30-day volume of 625,000 shares.
In the past 52 weeks, Squarespace Inc. Class A share prices are bracketed by a low of $42.82 and a high of $60.62 and is now at $59.80, 40% above that low price.
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.
Squarespace Inc. Class A has overhead space with shares priced $59.80, or 0.5% below the average consensus analyst price target of $60.08.
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