In a filing, Consensus Cloud Solutions Inc revealed its Chief Technology Officer Sullivan Jeffrey Alan acquired Company’s shares for reported $26662.0 on Aug 19 ’24. In the deal valued at $19.75 per share,1,350 shares were bought. As a result of this transaction, Sullivan Jeffrey Alan now holds 40,673 shares worth roughly $1.02 million.
JP Morgan downgraded its Consensus Cloud Solutions Inc [CCSI] rating to an Underweight from a a Neutral in a research note published on September 09, 2024; the price target was increased to $21 from $19. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “a Buy”. Citigroup also remained covering CCSI and has decreased its forecast on January 09, 2024 with a “Sell” recommendation from previously “Neutral” rating. JP Morgan started covering the stock on November 21, 2022. It rated CCSI as “a Neutral”.
Price Performance Review of CCSI
On Friday, Consensus Cloud Solutions Inc [NASDAQ:CCSI] saw its stock jump 1.54% to $25.07. Over the last five days, the stock has gained 6.77%. Consensus Cloud Solutions Inc shares have risen nearly 5.07% since the year began. Nevertheless, the stocks have risen 36.40% over the past one year. While a 52-week high of $27.79 was reached on 01/17/25, a 52-week low of $11.62 was recorded on 01/10/25. SMA at 50 days reached $24.56, while 200 days put it at $20.47.
Levels Of Support And Resistance For CCSI Stock
The 24-hour chart illustrates a support level at 24.79, which if violated will result in even more drops to 24.51. On the upside, there is a resistance level at 25.35. A further resistance level may holdings at 25.63. The Relative Strength Index (RSI) on the 14-day chart is 58.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.07%. Stochastics %K at 86.30% indicates the stock is a selling.
How much short interest is there in Consensus Cloud Solutions Inc?
A steep rise in short interest was recorded in Consensus Cloud Solutions Inc stocks on 2024-12-31, growing by 40571.0 shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.41 million shares. There was a rise of 8.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 19, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $65 price target.
