Squarespace (SQSP) provides software as a service for website building and hosting. George Tsilis joins Alex Coffey and Jenny Horne to discuss SQSP as it allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages. He talks about how SQSP was downgraded to sector weight from overweight at Keybanc. The Keybanc analyst notes that reduced visibility in SQSP is prompting a new cautious stance. They said they are looking for increased visibility to growth initiatives as sources of a potential incremental fundamental upside. Tune in to find out more about the stock market today.
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