Csquare (NYSE:CSQR) Stock: Insider Steven Cook Acquires 2,028 Shares

Key Points

• CFO Steven Cook bought 2,028 shares at an average price of $17.26, spending about $35,003. After the purchase, he directly owned 382,980 shares.
• Csquare reported quarterly EPS of -$0.58, missing analyst expectations of -$0.49, while revenue rose 25.6% year over year to $302.33 million.
• Analysts’ consensus rating is Moderate Buy, with a consensus price target of $28.78.

Csquare, Inc. (NYSE:CSQR - Get Free Report) CFO Steven Cook bought 2,028 shares of the business's stock in a transaction dated Wednesday, November 11th. The shares were bought at an average cost of $17.26 per share, with a total value of $35,003.28. Following the purchase, the chief financial officer directly owned 382,980 shares of the company's stock, valued at approximately $6,610,234.80. This represents a 0.53% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Csquare Stock Performance

CSQR opened at $17.08 on Friday. Csquare, Inc. has a twelve month low of $12.30 and a twelve month high of $23.50. The stock's 50-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 posted its quarterly earnings data on Monday, November 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.49) by ($0.09). The company had revenue of $302.33 million during the quarter. During the same period in the previous year, the business posted ($0.29) EPS. The company's revenue was up 25.6% on a year-over-year basis. As a group, equities analysts forecast that Csquare, Inc. will post -1.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Csquare stock. Voya Investment Management LLC purchased a new stake in Csquare, Inc. (NYSE:CSQR - Free Report) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,394 shares of the company's stock, valued at approximately $164,000.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on CSQR shares. Wells Fargo & Company assumed coverage on Csquare in a research report on Monday, August 10th. They issued an "overweight" rating and a $25.00 target price on the stock. Morgan Stanley began coverage on Csquare in a research note on Monday, August 10th. They issued an "overweight" rating and a $26.00 price objective for the company. Wall Street Zen lowered Csquare from a "hold" rating to a "sell" rating in a report on Saturday, October 17th. Jefferies Financial Group raised shares of Csquare to a "strong-buy" rating in a research note on Friday, August 14th. Finally, Zacks Research raised shares of Csquare to a "hold" rating in a research note on Thursday, August 20th. 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. Based on data from MarketBeat.com, Csquare presently has a consensus rating of "Moderate Buy" and a consensus price target of $28.78.

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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