SQSP Stock Recent News

Tech stocks rose in intraday trading Monday, with the S&P 500 Information Technology Sector Index 0.6% higher as of noon ET, while the tech-heavy Nasdaq was 0.2% higher. The broader S&P 500 was flat.

Squarespace is going private in a $6.9 billion deal with private equity firm Permira. Subject to regulatory approvals and other customary closing conditions, the transaction is expected to close by the fourth quarter, Squarespace said in a Monday (May 13) press release.

Squarespace (NYSE: SQSP ) stock is a hot topic on Monday following news that the business managment company is being taken private in a $6.9 billion deal with global private equity firm Permira. This deal will have investors in SQSP stock receive $44 per share in cash.

Permira agreed to take Squarespace private less than three years after it first went public in 2021.

Private equity firm Permira will pay $44 per share in cash for the e-commerce platform.

Squarespace, a platform used by SMEs and individuals for building websites, blogs, and online stores, is going private in an all-cash deal that values the company on equity basis at $6.6 billion, or a $6.9 billion enterprise valuation.

The headline numbers for Squarespace (SQSP) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Squarespace (SQSP) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to break-even earnings per share a year ago.

Squarespace (SQSP) concluded the recent trading session at $36.01, signifying a -0.47% move from its prior day's close.

Squarespace (SQSP) reachead $34.25 at the closing of the latest trading day, reflecting a -0.84% change compared to its last close.