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

Key Points

• Consensus Cloud Solutions, Inc. has received an average rating of "Hold" from five ratings firms, with three buy and two sell recommendations.
• The company's stock has a market cap of $415.44 million and has seen a one-year price range between $17.84 and $32.10.
• Recent institutional trading shows significant investment changes, with 93.93% of the stock owned by institutional investors and hedge funds.

Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) have received a consensus recommendation of "Hold" from the five research firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $27.40.

Separately, Wall Street Zen upgraded Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, July 26th.

Institutional Investors Weigh In On Consensus Cloud Solutions

A number of hedge funds have recently bought and sold shares of CCSI. Raymond James Financial Inc. bought a new stake in Consensus Cloud Solutions during the fourth quarter valued at about $692,000. Quantbot Technologies LP bought a new stake in Consensus Cloud Solutions during the fourth quarter valued at about $81,000. KLP Kapitalforvaltning AS bought a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at about $303,000. Vanguard Group Inc. lifted its stake in shares of Consensus Cloud Solutions by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 1,511,942 shares of the company's stock valued at $36,075,000 after buying an additional 18,407 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of Consensus Cloud Solutions by 632.6% in the fourth quarter. Prudential Financial Inc. now owns 111,870 shares of the company's stock valued at $2,669,000 after buying an additional 96,600 shares during the period. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Stock Down 2.6%

Shares of NASDAQ:CCSI traded down $0.52 during trading on Wednesday, hitting $19.66. 202,089 shares of the company traded hands, compared to its average volume of 133,244. The stock has a market capitalization of $384.18 million, a price-to-earnings ratio of 4.55 and a beta of 1.50. The business's fifty day moving average is $22.09 and its 200-day moving average is $23.20. Consensus Cloud Solutions has a one year low of $17.84 and a one year high of $32.10.

About Consensus Cloud Solutions

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.