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 share price to reach $42.60 in the next year. This suggests a possible upside of 68.8% 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 53.1% and is now trading at $25.24.
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Consensus Cloud Solutions saw a decrease in short interest in the month of August. As of August 31st, there was short interest totaling 357,200 shares, a decrease of 40.2% from the August 15th total of 597,400 shares. Based on an average daily trading volume, of 123,400 shares, the short-interest ratio is currently 2.9 days. Currently, 2.0% 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) released its quarterly earnings results on Tuesday, August, 8th. The company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.10. The company earned $92.79 million during the quarter, compared to analyst estimates 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 updated 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 earnings per share 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."

Consensus Cloud Solutions' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (14.60%), ArrowMark Colorado Holdings LLC (12.25%), State Street Corp (3.53%), Cardinal Capital Management LLC CT (3.50%), LSV Asset Management (2.03%) and Dimensional Fund Advisors LP (2.02%). 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 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 $25.24.

Consensus Cloud Solutions (NASDAQ:CCSI) has a market capitalization of $495.97 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.