Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Receives $27.40 Consensus Target Price from Brokerages

Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) have been assigned an average recommendation of "Hold" from the five ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $27.40.

Separately, Wall Street Zen lowered Consensus Cloud Solutions from a "buy" rating to a "hold" rating in a report on Saturday.

Institutional Trading of Consensus Cloud Solutions

Large investors have recently bought and sold shares of the company. AlphaQuest LLC increased its position in Consensus Cloud Solutions by 451.5% in the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock worth $52,000 after buying an additional 1,779 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions in the fourth quarter worth $81,000. Strs Ohio purchased a new stake in Consensus Cloud Solutions in the first quarter worth $134,000. BNP Paribas Financial Markets purchased a new stake in Consensus Cloud Solutions in the fourth quarter worth $135,000. Finally, Federated Hermes Inc. increased its position in Consensus Cloud Solutions by 82.0% in the fourth quarter. Federated Hermes Inc. now owns 7,762 shares of the company's stock worth $185,000 after buying an additional 3,497 shares during the last quarter. 93.93% of the stock is owned by hedge funds and other institutional investors.

Consensus Cloud Solutions Price Performance

Shares of CCSI stock traded down $0.08 during trading hours on Friday, reaching $23.66. The company had a trading volume of 97,343 shares, compared to its average volume of 137,185. Consensus Cloud Solutions has a 12 month low of $16.15 and a 12 month high of $32.10. The business has a fifty day simple moving average of $22.46 and a 200-day simple moving average of $23.55. The company has a market cap of $462.32 million, a price-to-earnings ratio of 5.48 and a beta of 1.50.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.