Squarespace Inc Class A
SQSP: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$28.70 | Nnbj | Zkfjjzrm |
Squarespace Earnings: Solid Second-Quarter Results as Squarespace Is Set to Go Private by Year-End
We maintain our $44 fair value estimate for no-moat Squarespace after the firm reported solid second-quarter results. As announced in May 2024, Squarespace will be acquired by private equity firm Permira in a cash transaction valued at $6.9 billion, including outstanding debt. The acquisition is expected to close by the fourth quarter of 2024, and consequently, Squarespace is not providing guidance or hosting an earnings call.