Csquare (NYSE:CSQR) CEO Purchases 13,573 Shares of Company Stock

Csquare, Inc. (NYSE:CSQR) CEO Spencer Edward Mullee purchased 13,573 shares of Csquare stock in a transaction on Wednesday, November 11th. The stock was bought at an average cost of $18.20 per share, with a total value of $247,028.60. Following the completion of the acquisition, the chief executive officer owned 3,585,000 shares in the company, valued at approximately $65,247,000. This trade represents a 0.38% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.

Csquare Price Performance

NYSE CSQR opened at $17.00 on Thursday. Csquare, Inc. has a twelve month low of $12.30 and a twelve month high of $23.50. The company has a 50-day moving average of $16.61.

Csquare (NYSE:CSQR) last issued its quarterly earnings results on Monday, November 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.09). The company had revenue of $302.33 million during the quarter. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the business earned ($0.29) EPS. As a group, sell-side analysts anticipate that Csquare, Inc. will post -1.73 earnings per share for the current year.

Key Stories Impacting Csquare

Here are a few of the latest stories about CSQR:

• Positive Sentiment: TD Cowen raised its price target to $30 from $28 and maintained a Buy rating, implying substantial potential upside from the referenced $17 share price. TD Cowen price target news
• Positive Sentiment: Third-quarter revenue rose 25.6% year over year to $302.3 million and surpassed estimates, with data-center demand cited as a growth driver. Q3 revenue and demand
• Negative Sentiment: Short interest rose 69.9% from mid-October to October 30, reaching about 5.6% of shares outstanding. The increase suggests more investors are betting against CSQR and could add pressure to the stock.

Institutional Trading of Csquare

A hedge fund recently bought a new stake in Csquare stock. Voya Investment Management LLC acquired a new position in shares of Csquare, Inc. (NYSE:CSQR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,394 shares of the company’s stock, valued at approximately $164,000.

Analysts Set New Price Targets

Several research analysts recently commented on CSQR shares. Wall Street Zen cut Csquare from a “hold” rating to a “sell” rating in a research report on Saturday, October 17th. BMO Capital Markets began coverage on shares of Csquare in a report on Monday, August 10th. They issued an “outperform” rating and a $26.00 price target on the stock. TD Cowen increased their price objective on shares of Csquare from $28.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley assumed coverage on shares of Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $26.00 price objective for the company. Finally, Scotiabank upgraded shares of Csquare to a “strong-buy” rating in a research report on Wednesday, August 19th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $28.78.

Csquare Company Profile

Csquare Inc. is a provider of carrier-neutral data center solutions. The company’s digital infrastructure platform offers carrier-neutral colocation and interconnection services which support the applications. Csquare Inc. is based in COPPELL, Texas.