Csquare (NYSE:CSQR) CEO Spencer Edward Mullee Buys 13,573 Shares of Company Stock

Csquare, Inc. (NYSE:CSQR) CEO Spencer Edward Mullee bought 13,573 shares of the company’s stock in a transaction that occurred on Wednesday, November 11th. The shares were bought at an average price of $18.20 per share, with a total value of $247,028.60. Following the transaction, 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Csquare Stock Up 0.2%

CSQR opened at $17.08 on Friday. The company has a debt-to-equity ratio of 6.12, a current ratio of 1.36 and a quick ratio of 1.67. The company’s fifty day moving average is $16.59. Csquare, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $23.50.

Csquare (NYSE:CSQR) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.58) EPS 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 business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.29) EPS. Sell-side analysts predict that Csquare, Inc. will post -1.78 earnings per share for the current year.

Hedge Funds Weigh In On Csquare

An institutional investor recently bought a new position in Csquare stock. Voya Investment Management LLC acquired a new position in Csquare, Inc. (NYSE:CSQR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,394 shares of the company’s stock, valued at approximately $164,000.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CSQR shares. Morgan Stanley began coverage on Csquare in a research report on Monday, August 10th. They issued an “overweight” rating and a $26.00 target price on the stock. Wall Street Zen cut Csquare from a “hold” rating to a “sell” rating in a report on Saturday, October 17th. Weiss Ratings started coverage on Csquare in a report on Monday, October 12th. They set a “sell (d)” rating for the company. Bank of America reaffirmed a “buy” rating on shares of Csquare in a research note on Tuesday. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $28.00 price objective on shares of Csquare in a report on Tuesday. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Csquare currently has a consensus rating of “Moderate Buy” and an average price target of $28.78.

Key Csquare News

Investors following CSQR have been watching these news items:

• 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
• 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.

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.