Csquare’s (NYSE:CSQR – Get Free Report) quiet period is set to expire on Tuesday, August 25th. Csquare had issued 50,000,000 shares in its IPO on July 16th. The total size of the offering was $1,050,000,000 based on an initial share price of $21.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.
Wall Street Analyst Weigh In
A number of research firms have weighed in on CSQR. TD Cowen began coverage on shares of Csquare in a research report on Monday, August 10th. They set a “buy” rating and a $28.00 target price for the company. Scotiabank initiated coverage on Csquare in a research report on Monday, August 10th. They issued a “sector outperform” rating and a $30.00 price target on the stock. BMO Capital Markets started coverage on Csquare in a research note on Monday, August 10th. They issued an “outperform” rating and a $26.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Csquare in a research report on Monday, August 10th. They set a “neutral” rating and a $24.00 price objective for the company. Finally, Bank of America began coverage on Csquare in a research note on Monday, August 10th. They set a “buy” rating and a $46.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $28.44.
Check Out Our Latest Report on Csquare
Csquare Stock Down 5.3%
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.
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