Key Points
- Director Philip Kelley bought 10,000 Csquare shares at an average price of $17.24, investing $172,400 and doubling his stake to 20,000 shares.
- Csquare reported a quarterly loss of $0.58 per share, missing analyst expectations of a $0.49 loss, although revenue rose 25.6% year over year to $302.33 million.
- Analysts’ consensus rating is Moderate Buy, with an average price target of $28.78.
Csquare, Inc. (NYSE:CSQR - Get Free Report) Director Philip Kelley purchased 10,000 shares of the firm's stock in a transaction on Wednesday, November 11th. The stock was bought at an average cost of $17.24 per share, with a total value of $172,400.00. Following the acquisition, the director owned 20,000 shares of the company's stock, valued at approximately $344,800. The trade was a 100.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
Csquare Trading Up 0.2%
NYSE:CSQR opened at $17.08 on Friday. Csquare, Inc. has a 12 month low of $12.30 and a 12 month high of $23.50. The business's fifty day moving average is $16.59. The company has a debt-to-equity ratio of 6.12, a current ratio of 1.36 and a quick ratio of 1.67.
Csquare (NYSE:CSQR - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported ($0.58) earnings per share for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.09). The firm had revenue of $302.33 million for the quarter. During the same quarter last year, the firm earned ($0.29) EPS. The firm's quarterly revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts predict that Csquare, Inc. will post -1.78 earnings per share for the current year.
Top Csquare Stories
These are some of the CSQR stories that stood out recently:
- Positive Sentiment: Shares reportedly climbed 16.1% following an analyst upgrade, and TD Cowen expects the share price to rise. Csquare also moved above its 50-day moving average, a potentially supportive technical signal. Report on rally after analyst upgrade TD Cowen price outlook Report on moving average
- Positive Sentiment: Scotiabank and Morgan Stanley reiterated Buy ratings, reinforcing a favorable analyst outlook. Scotiabank rating Morgan Stanley rating
- Negative Sentiment: The latest quarter’s loss per share was wider than expected: Csquare reported a loss of $0.58 versus the consensus loss of $0.49. Revenue grew 25.6% year over year, but the earnings shortfall remains a risk for investors.
Institutional Trading of Csquare
An institutional investor recently bought a new stake in Csquare stock. Voya Investment Management LLC bought a new position in shares of Csquare, Inc. (NYSE:CSQR - Free Report) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 10,394 shares of the company's stock, valued at approximately $164,000.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on CSQR shares. Royal Bank Of Canada started coverage on Csquare in a research note on Monday, August 10th. They set an "outperform" rating and a $24.00 price target on the stock. Wells Fargo & Company initiated coverage on Csquare in a report on Monday, August 10th. They issued an "overweight" rating and a $25.00 price objective on the stock. Jefferies Financial Group upgraded Csquare to a "strong-buy" rating in a research note on Friday, August 14th. Morgan Stanley initiated coverage on Csquare in a report on Monday, August 10th. They set an "overweight" rating and a $26.00 target price for the company. Finally, TD Cowen lifted their target price on Csquare from $28.00 to $30.00 and gave the stock a "buy" rating in a report on Tuesday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, Csquare currently has a consensus rating of "Moderate Buy" and a consensus price target of $28.78.
Read Our Latest Research Report on CSQR
Csquare Company Profile
(
Get Free Report)
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.
Further Reading
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