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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Consensus Cloud Solutions in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street 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 equities research analysts have issued twelve-month target prices for Consensus Cloud Solutions' stock. Their CCSI share price targets range from $20.00 to $45.00. On average, they anticipate the company's stock price to reach $32.50 in the next twelve months. This suggests a possible upside of 152.3% 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 shares have decreased by 50.9% and is now trading at $12.88.
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Consensus Cloud Solutions saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 633,800 shares, a drop of 46.7% from the March 15th total of 1,190,000 shares. Based on an average daily trading volume, of 380,900 shares, the days-to-cover ratio is currently 1.7 days. Currently, 3.6% of the shares of the company are short sold.
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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) issued its quarterly earnings results on Wednesday, February, 21st. The company reported $0.90 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.90. The company had revenue of $87.75 million for the quarter, compared to analyst estimates 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 Royce Quant Small-Cap Quality Value ETF (SQLV) and Invesco S&P Spin-Off ETF (CSD).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 EPS guidance of 1.270-1.330 for the period, compared to the consensus EPS 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 many different retail and institutional investors. Top institutional investors include Allspring Global Investments Holdings LLC (0.60%) and 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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