Csquare (NYSE:CSQR) Director Philip Kelley Buys 10,000 Shares of Stock

Csquare, Inc. (NYSE:CSQR) Director Philip Kelley acquired 10,000 shares of Csquare 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 purchase, the director owned 20,000 shares in the company, valued at $344,800. This represents a 100.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Csquare Trading Up 0.2%

NYSE CSQR opened at $17.08 on Friday. Csquare, Inc. has a 52 week low of $12.30 and a 52 week high of $23.50. The stock’s 50 day moving average price 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) last announced its earnings results 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. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.29) earnings per share. As a group, equities analysts forecast that Csquare, Inc. will post -1.78 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CSQR. Royal Bank Of Canada initiated coverage on Csquare in a report on Monday, August 10th. They set an “outperform” rating and a $24.00 price objective for the company. Jefferies Financial Group raised Csquare to a “strong-buy” rating in a research report on Friday, August 14th. Sanford C. Bernstein restated an “outperform” rating and set a $28.00 target price on shares of Csquare in a research note on Tuesday. BMO Capital Markets assumed coverage on Csquare in a research report on Monday, August 10th. They set an “outperform” rating and a $26.00 target price on the stock. Finally, Wells Fargo & Company started coverage on Csquare in a research report on Monday, August 10th. They set an “overweight” rating and a $25.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.78.

Csquare News Roundup

These are some of the CSQR news items that stood out recently:

• 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: 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
• Neutral Sentiment: Csquare is seeking acquisitions, which could create growth opportunities but also brings execution and financing uncertainty. Acquisition plans

Hedge Funds Weigh In On Csquare

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

About Csquare

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.