Csquare (NYSE:CSQR) Price Target Raised to $30.00

Csquare (NYSE:CSQR) had its price objective lifted by TD Cowen from $28.00 to $30.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a buy rating on the stock.

CSQR has been the subject of several other research reports. Zacks Research raised Csquare to a “hold” rating in a research report on Thursday, August 20th. Bank of America reissued a “buy” rating on shares of Csquare in a research report on Tuesday. JPMorgan Chase & Co. started coverage on Csquare in a research note on Monday, August 10th. They issued a “neutral” rating and a $24.00 price objective for the company. Sanford C. Bernstein restated an “outperform” rating and set a $28.00 price objective on shares of Csquare in a research report on Tuesday. Finally, Morgan Stanley initiated coverage on Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $26.00 price objective for the company. Two research 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $28.78.

Csquare Stock Up 0.2%

Csquare stock opened at $17.08 on Tuesday. The business has a 50 day moving average price of $16.59. Csquare has a 52 week low of $12.30 and a 52 week high of $23.50. 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) last posted its quarterly earnings data on Monday, November 9th. The company reported ($0.58) earnings per share for the quarter, missing the consensus estimate of ($0.49) by ($0.09). The business had revenue of $302.33 million for the quarter. During the same quarter in the previous year, the business posted ($0.29) EPS. The business’s quarterly revenue was up 25.6% on a year-over-year basis. Research analysts predict that Csquare will post -1.78 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Spencer Edward Mullee purchased 13,573 shares of the company’s stock in a transaction dated Wednesday, November 11th. The shares were acquired at an average cost of $18.20 per share, with a total value of $247,028.60. Following the completion of the purchase, the chief executive officer owned 3,585,000 shares of the company’s stock, valued at $65,247,000. The trade was a 0.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Philip M. Kelley acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 11th. The shares were purchased at an average price of $17.24 per share, with a total value of $172,400.00. Following the completion of the acquisition, the director owned 20,000 shares of the company’s stock, valued at $344,800. This represents a 100.00% increase in their position. The disclosure for this purchase is available in the SEC filing.

Institutional Inflows and Outflows

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

Trending Headlines about Csquare

Here are a few of the latest headlines about CSQR:

• Positive Sentiment: CEO Spencer Edward Mullee bought 13,573 shares for about $247,000, while director Philip M. Kelley bought 10,000 shares for about $172,400. The insider purchases may bolster confidence, though the CEO’s buy was a small increase relative to his existing stake. CEO purchase filing Director purchase filing
• Positive Sentiment: Scotiabank and Morgan Stanley reiterated Buy ratings, reinforcing a favorable analyst outlook. Scotiabank rating Morgan Stanley rating
• Neutral Sentiment: Csquare is seeking acquisitions, which could create growth opportunities but also brings execution and financing uncertainty. Acquisition plans

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.