- KeyBanc analyst Josh Beck downgraded Squarespace, Inc (NYSE:SQSP) to Sector Weight from Overweight without a price target.
- The re-rating reflected a more measured e-commerce backdrop.
- Despite Beck’s generally optimistic stance on management teams and long-term strategy in the commerce and back-office software space, reduced e-commerce visibility prompts a more cautious stance on Squarespace.
- Beck sought increased visibility to growth initiatives, like branded payments, as potential incremental fundamental upside sources.
- Pricing optimization and Tock momentum are likely to help near-term results.
- As announced in November, e-commerce juggernaut Amazon.Com, Inc (NASDAQ:AMZN) reportedly initiated a round of record layoffs affecting over 18,000 employees as it battled slowing online sales growth and a possible recession.
- Price Action: SQSP shares traded lower by 9.07% at $20.85 on the last check Friday.
- Photo Via Company
Eos Energy Enterprises Achieves “Power On” Status Of All Motion Systems On Its Manufacturing Line And Provides Preliminary Results; Sees Q4 Revenue $6.6M Vs $9.05M Est; Sees FY23 Revenue $16.4M Vs $19.67M Est.
Eos Energy Enterprises, Inc. (NASDAQ:EOSE) ("Eos" or the "Company"), a leading provider of safe, scalable, efficient, and sustainable zinc-based energy storage systems, today announced that it achieved "Power On" status
