Consensus Cloud Solutions (CCSI) Stock Price, News & Analysis

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Consensus Cloud Solutions in the last twelve months. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" CCSI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCSI, but not buy additional shares or sell existing shares.
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4 Wall Street research analysts have issued 12-month price objectives for Consensus Cloud Solutions' stock. Their CCSI share price targets range from $20.00 to $45.00. On average, they predict the company's share price to reach $32.50 in the next twelve months. This suggests a possible upside of 159.8% from the stock's current price.
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Consensus Cloud Solutions' stock was trading at $26.21 at the beginning of 2024. Since then, CCSI stock has decreased by 52.3% and is now trading at $12.51.
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Consensus Cloud Solutions saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 633,800 shares, a decrease of 46.7% from the March 15th total of 1,190,000 shares. Based on an average trading volume of 380,900 shares, the short-interest ratio is presently 1.7 days. Approximately 3.6% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
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Consensus Cloud Solutions will be holding an earnings conference call on Wednesday, May 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) announced its quarterly earnings results on Wednesday, February, 21st. The company reported $0.90 EPS for the quarter, hitting analysts' consensus estimates of $0.90. The firm earned $87.75 million during the quarter, compared to the consensus estimate of $89.05 million. Consensus Cloud Solutions had a negative trailing twelve-month return on equity of 40.27% and a net margin of 21.32%.

ETFs with the largest weight of Consensus Cloud Solutions (NASDAQ:CCSI) stock in their portfolio include Invesco S&P Spin-Off ETF (CSD) and Royce Quant Small-Cap Quality Value ETF (SQLV).Direxion Daily S&P Expanded Tech Software Sector Bull 2X Shares (SWAR).

Consensus Cloud Solutions updated its first quarter 2024 earnings guidance on Wednesday, February, 21st. The company provided earnings per share (EPS) guidance of 1.270-1.330 for the period, compared to the consensus earnings per share estimate of 1.290. The company issued revenue guidance of $85.0 million-$89.0 million, compared to the consensus revenue estimate of $91.4 million.

Consensus Cloud Solutions' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Bridge City Capital LLC (0.30%). Insiders that own company stock include Elaine Healy and James C Malone.
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Shares of CCSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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