Consensus Cloud Solutions (NASDAQ:CCSI) Shares Gap Up - Here's What Happened

Key Points

• Consensus Cloud Solutions shares opened higher, rising from a prior close of $37.19 to $38.88 before trading at $38.37 on light volume.
• Analyst sentiment is generally positive: three analysts rate the stock a Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $41.67.
• The company slightly exceeded quarterly expectations, reporting $1.49 in earnings per share and $91.36 million in revenue. Institutional investors own 93.93% of the stock, while insiders recently reported share sales.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report)'s stock price gapped up prior to trading on Monday . The stock had previously closed at $37.19, but opened at $38.88. Consensus Cloud Solutions shares last traded at $38.37, with a volume of 5,308 shares changing hands.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Weiss Ratings restated a "hold (c+)" rating on shares of Consensus Cloud Solutions in a research note on Tuesday, August 4th. Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a report on Sunday, May 17th. BTIG Research raised their target price on shares of Consensus Cloud Solutions from $45.00 to $50.00 and gave the company a "buy" rating in a research note on Monday, August 10th. Finally, Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $41.67.

Consensus Cloud Solutions Stock Performance

The company has a market capitalization of $698.01 million, a price-to-earnings ratio of 7.71 and a beta of 1.57. The stock has a 50-day moving average price of $36.73 and a 200-day moving average price of $31.27. The company has a debt-to-equity ratio of 13.19, a current ratio of 1.90 and a quick ratio of 1.90.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share for the quarter, topping analysts' consensus estimates of $1.48 by $0.01. Consensus Cloud Solutions had a return on equity of 502.63% and a net margin of 26.69%.The business had revenue of $91.36 million for the quarter, compared to analyst estimates of $89.63 million. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. As a group, analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 earnings per share for the current year.

Insider Activity at Consensus Cloud Solutions

In other Consensus Cloud Solutions news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the company's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $37.70, for a total value of $203,580.00. Following the transaction, the chief technology officer directly owned 114,968 shares of the company's stock, valued at $4,334,293.60. This represents a 4.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Elaine Healy sold 4,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total value of $137,080.00. Following the transaction, the director owned 27,658 shares in the company, valued at $947,839.66. The trade was a 12.64% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 3.65% of the company's stock.

Hedge Funds Weigh In On Consensus Cloud Solutions

Institutional investors and hedge funds have recently modified their holdings of the business. Jupiter Topco LLC bought a new position in Consensus Cloud Solutions during the second quarter worth about $94,988,000. Janus Henderson Group PLC boosted its holdings in Consensus Cloud Solutions by 4.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,468,048 shares of the company's stock valued at $58,591,000 after purchasing an additional 95,973 shares during the period. Heron Bay Capital Management acquired a new position in shares of Consensus Cloud Solutions during the 2nd quarter worth approximately $70,076,000. BlackRock Inc. acquired a new position in shares of Consensus Cloud Solutions during the 2nd quarter worth approximately $52,676,000. Finally, LSV Asset Management increased its holdings in shares of Consensus Cloud Solutions by 81.2% during the fourth quarter. LSV Asset Management now owns 716,585 shares of the company's stock worth $15,636,000 after purchasing an additional 321,200 shares during the period. 93.93% of the stock is currently owned by institutional investors and hedge funds.

About Consensus Cloud Solutions

Consensus Cloud Solutions NASDAQ: CCSI is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.

The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.

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