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

Key Points

• Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) has received a consensus rating of "Hold" from five analysts, with two recommending a sell and three a buy.
• The average twelve-month price target for the stock among brokerages is $27.40, indicating potential upside for investors.
• Recent activity from institutional investors shows a significant increase in holdings, with some boosting their positions by over 225% in the second quarter.

Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) have been given an average rating of "Hold" by the five brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating on 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 note on Saturday, July 26th.

Consensus Cloud Solutions Price Performance

Shares of CCSI traded down $0.13 during mid-day trading on Friday, hitting $26.57. The stock had a trading volume of 104,517 shares, compared to its average volume of 166,764. The firm has a market cap of $504.30 million, a P/E ratio of 6.40 and a beta of 1.48. The business has a fifty day moving average price of $23.11 and a 200-day moving average price of $22.87. Consensus Cloud Solutions has a 52 week low of $17.84 and a 52 week high of $32.10.

Hedge Funds Weigh In On Consensus Cloud Solutions

Several hedge funds have recently made changes to their positions in CCSI. Tower Research Capital LLC TRC grew its position in shares of Consensus Cloud Solutions by 40.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company's stock valued at $46,000 after purchasing an additional 570 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Consensus Cloud Solutions in the second quarter valued at $112,000. Strs Ohio purchased a new position in shares of Consensus Cloud Solutions in the first quarter valued at $134,000. BNP Paribas Financial Markets purchased a new position in shares of Consensus Cloud Solutions in the fourth quarter valued at $135,000. Finally, Pallas Capital Advisors LLC purchased a new position in shares of Consensus Cloud Solutions in the first quarter valued at $213,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

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.