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

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Consensus Cloud Solutions in the last year. There are currently 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CCSI shares.
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4 Wall Street analysts have issued 12 month target prices for Consensus Cloud Solutions' shares. Their CCSI share price forecasts range from $34.00 to $54.00. On average, they expect the company's stock price to reach $42.60 in the next year. This suggests a possible upside of 69.2% from the stock's current price.
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Consensus Cloud Solutions' stock was trading at $53.76 at the start of the year. Since then, CCSI shares have decreased by 53.2% and is now trading at $25.18.
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Consensus Cloud Solutions saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 377,500 shares, an increase of 5.7% from the August 31st total of 357,200 shares. Based on an average daily volume of 112,200 shares, the short-interest ratio is currently 3.4 days. Approximately 2.1% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 9th 2023.
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Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) posted its earnings results on Tuesday, August, 8th. The company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.10. The business earned $92.79 million during the quarter, compared to analysts' expectations of $94.35 million. Consensus Cloud Solutions had a net margin of 18.86% and a negative trailing twelve-month return on equity of 29.25%.

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

Consensus Cloud Solutions issued an update on its FY 2023 earnings guidance on Tuesday, August, 8th. The company provided earnings per share guidance of $4.93-$5.20 for the period, compared to the consensus estimate of $4.95. The company issued revenue guidance of $370.00 million-$390.00 million, compared to the consensus revenue estimate of $376.20 million.

Consensus Cloud Solutions trades on the NASDAQ under the ticker symbol "CCSI."

Shares of CCSI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CCSI stock can currently be purchased for approximately $25.18.

Consensus Cloud Solutions (NASDAQ:CCSI) has a market capitalization of $494.79 million and generates $362.42 million in revenue each year. The company earns $72.71 million in net income (profit) each year or $3.52 on an earnings per share basis.

The company employs 581 workers across the globe.

The official website for the company is www.consensus.com. The company can be reached via phone at 323-860-9200 or via email at investors@consensus.com.