SSgA Funds Management, Inc. recently announced the acquisition of new stake in Cerberus Cyber Sentinel Corporation (NASDAQ:CISO). The institutional investor has increased its shareholding in the Technology company by 13.91% to 0.83 million shares with purchase of 0.1 million shares. This fresh investment now brings its stake to 0.57% valued currently at $2.13 million. In addition, Geode Capital Management LLC raised its holdings by 42911.0 to 0.81 million shares. And The Vanguard Group, Inc. has lifted its position by 8.06% or 50383.0 shares – to 0.68 million shares.
With over 0.11 million Cerberus Cyber Sentinel Corporation (CISO) shares trading Monday and a closing price of $1.94 on the day, the dollar volume was approximately $0.21 million. The shares have shown a negative half year performance of -43.60% and its price on 01/23/23 lost nearly -1.52%. Currently, there are 142.30M common shares owned by the public and among those 57.73M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 1 analysts who have offered their price forecasts for CISO have a consensus price objective of $5.00. The analysts have set the share’s price value over the next 12 months at a high of $5.00 and a low of $5.00. The average price target is 61.2% above its recent price level and an upside to the estimated low will see the stock gain 61.2% over that period. But an upside of 61.2% will see the stock hit the forecast high price target while median target price for the stock is $5.00.
The top 3 mutual fund holders in Cerberus Cyber Sentinel Corporation are iShares Russell 2000 ETF, Vanguard Extended Market Index Fu, and iShares Russell 2000 Growth ETF. iShares Russell 2000 ETF owns 0.92 million shares of the company’s stock, all valued at over $2.36 million. The company sold 9638.0 shares recently to bring their total holdings to about 0.63% of the shares outstanding. Vanguard Extended Market Index Fu sold 1350.0 shares to see its total holdings shrink to 0.54 million shares valued at over $1.39 million and representing 0.37% of the shares outstanding. iShares Russell 2000 Growth ETF bought 838.0 shares to bring its total holdings to over 0.37 million shares at a value of $0.96 million. iShares Russell 2000 Growth ETF now owns shares totaling to 0.26% of the shares outstanding.
Shares of Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) opened at $1.98, up $0.01 from a prior closing price of $1.97. However, the script later moved the day high at 1.9800, down -1.52%. The company’s stock has a 5-day price change of -3.96% and -35.76% over the past three months. CISO shares are trading -23.92% year to date (YTD), with the 12-month market performance down to -59.75% lower. It has a 12-month low price of $1.88 and touched a high of $10.78 over the same period. CISO has an average intraday trading volume of 79.17K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -15.38%, -28.05%, and -46.52% respectively.
Institutional ownership of Cerberus Cyber Sentinel Corporation (NASDAQ: CISO) shares accounts for 4.60% of the company’s 142.30M shares outstanding. Mutual fund holders own 1.88%, while other institutional holders and individual stakeholders account for 2.73% and — respectively.
It has a market capitalization of $291.99M. The earnings-per-share (ttm) stands at -$0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.45% over the week and 8.70% over the month.
Analysts forecast that Cerberus Cyber Sentinel Corporation (CISO) will achieve an EPS of -$0.07 for the current quarter, -$0.08 for the next quarter and -$0.17 for 2023. The lowest estimate earnings-per-share for the quarter is -$0.07 while analysts give the company a high EPS estimate of -$0.07. Earnings per share for the fiscal year are expected to decrease by -975.50%, and 34.60% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 1 brokerage firm advisors rate Cerberus Cyber Sentinel Corporation (CISO) as a “Moderate Buy” at a consensus score of 2.00. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 0 of the 1 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the CISO, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Overweight rating for the stock in a research note on October 21, 2022, with the firm’s price target at $5.
