How to buy Squarespace (SQSP) stock
Squarespace, Inc. (NYSE: SQSP), the 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. The company’s unique processes have made it significantly easier for those with little technical knowledge to extend their businesses into the online sphere. The company offers websites, domains, e-commerce, tools for managing a social media presence, marketing tools, and scheduling capabilities. Moving forward, Squarespace will need to balance its year-over-year revenue growth and extend its services into new, competitive markets.
How do you buy Squarespace (SQSP) stock?
If you decide to buy Squarespace shares, you can do so readily using your broker or through your financial advisor. A broker is a financial service company that can help you start buying and selling shares of stock. You can use this platform to place orders to buy and sell shares of stock at specified times and prices.
There are dozens of brokers offering access to U.S.-based exchanges like the New York Stock Exchange and the Nasdaq. A discount broker might be a good place to start with a small budget. They leverage technology to reduce the operation cost and offer low-cost online brokerage services. However, a beginner investor may prefer a full-service broker that offers a range of add-ons in addition to trading at stock exchanges — albeit for higher fees. This includes research reports, advisory and a relationship manager apart from helping you buy and sell shares. They can also offer personalized financial and retirement planning advice, help you hone your investment strategy.
Should I buy Squarespace stock?
Squarespace stock’s price has been extremely volatile since the stock debuted on the market at $48.00 in May 2021. After surging to $64.71 in June of that year, SQSP stock subsequently fell to a low of $27.4 on February 17, 2022. I like the risk/reward opportunity in SQSP stock, as Squarespace Inc has been ramping up its revenues and moving to profitability. I believe long-term investors will be rewarded.
The company reported a net loss of $3.22 a share, well below consensus estimates of a loss of just 2 cents a share. Revenue for the period reached $196 million ahead of analyst revenue estimates of $188.7 million. The predicted price for SQSP in the upcoming period, according to Berenberg is $42 based on the research report published on January 12th of the current year 2022.
