Insider Buying: Csquare (NYSE:CSQR) Director Acquires $172,400.00 in Stock

Key Points

• Csquare Director Philip Kelley purchased 10,000 shares for $172,400, doubling his direct holdings to 20,000 shares.
• Quarterly EPS was a loss of $0.58, missing the $0.49-loss consensus, while revenue rose 25.6% year over year to $302.33 million.
• Analysts’ consensus rating is Moderate Buy, with an average price target of $28.78; shares recently traded at $17.08.

Csquare, Inc. (NYSE:CSQR - Get Free Report) Director Philip Kelley bought 10,000 shares of the business's stock in a transaction that occurred on Wednesday, November 11th. The stock was purchased at an average price of $17.24 per share, with a total value of $172,400.00. Following the completion of the purchase, the director directly owned 20,000 shares of the company's stock, valued at $344,800. This represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Csquare Price Performance

CSQR traded up $0.04 during trading on Thursday, reaching $17.08. 2,207,590 shares of the company's stock were exchanged, compared to its average volume of 1,728,597. Csquare, Inc. has a fifty-two week low of $12.30 and a fifty-two week high of $23.50. The firm has a 50 day moving average of $16.61.

Csquare (NYSE:CSQR - Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The company reported ($0.58) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.49) by ($0.09). The firm had revenue of $302.33 million for the quarter. The company's quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.29) earnings per share. On average, equities research analysts expect that Csquare, Inc. will post -1.73 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on CSQR. TD Cowen increased their price target on shares of Csquare from $28.00 to $30.00 and gave the stock a "buy" rating in a research report on Tuesday. Weiss Ratings initiated coverage on Csquare in a research note on Monday, October 12th. They issued a "sell (d)" rating on the stock. BMO Capital Markets began coverage on Csquare in a report on Monday, August 10th. They issued an "outperform" rating and a $26.00 target price for the company. Zacks Research upgraded Csquare to a "hold" rating in a research report on Thursday, August 20th. Finally, Jefferies Financial Group raised Csquare to a "strong-buy" rating in a research note on Friday, August 14th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $28.78.

Institutional Investors Weigh In On Csquare

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

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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