Csquare’s (NYSE:CSQR – Get Free Report) quiet period will 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 Csquare’s quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.
Analysts Set New Price Targets
CSQR has been the topic of several research reports. Royal Bank Of Canada began coverage on shares of Csquare in a research report on Monday, August 10th. They issued an “outperform” rating and a $24.00 price objective on the stock. Wells Fargo & Company assumed coverage on Csquare in a report on Monday, August 10th. They set an “overweight” rating and a $25.00 target price for the company. Wall Street Zen raised Csquare to a “hold” rating in a research note on Saturday, July 25th. TD Cowen started coverage on Csquare in a report on Monday, August 10th. They issued a “buy” rating and a $28.00 price target on the stock. Finally, 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. Three investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of $28.44.
Get Our Latest Analysis on Csquare
Csquare Trading Up 0.5%
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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