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

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.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) has received an average recommendation of "Hold" from the five brokerages that are covering the company, Marketbeat Ratings reports. Two 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 covered the stock in the last year is $27.40.

Separately, Wall Street Zen raised shares of 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 Consensus Cloud Solutions stock traded down $0.03 during trading hours on Friday, reaching $26.64. The company's stock had a trading volume of 51,932 shares, compared to its average volume of 146,996. The firm has a 50 day moving average price of $22.92 and a 200-day moving average price of $22.90. Consensus Cloud Solutions has a one year low of $17.84 and a one year high of $32.10. The stock has a market cap of $505.57 million, a P/E ratio of 6.42 and a beta of 1.48.

Hedge Funds Weigh In On Consensus Cloud Solutions

A number of large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Consensus Cloud Solutions by 4.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company's stock worth $247,000 after purchasing an additional 456 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Consensus Cloud Solutions by 0.7% during the 1st quarter. Bank of New York Mellon Corp now owns 80,971 shares of the company's stock worth $1,869,000 after purchasing an additional 528 shares during the period. Tower Research Capital LLC TRC boosted its position in Consensus Cloud Solutions by 40.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company's stock valued at $46,000 after buying an additional 570 shares during the period. Ameriprise Financial Inc. boosted its position in Consensus Cloud Solutions by 4.7% in the 4th quarter. Ameriprise Financial Inc. now owns 14,418 shares of the company's stock valued at $344,000 after buying an additional 651 shares during the period. Finally, SummerHaven Investment Management LLC boosted its position in Consensus Cloud Solutions by 1.7% in the 2nd quarter. SummerHaven Investment Management LLC now owns 45,826 shares of the company's stock valued at $1,057,000 after buying an additional 760 shares during the period. 93.93% of the stock is owned by hedge funds and other institutional investors.

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.