Consensus Cloud Solutions (NASDAQ:CCSI) Upgraded to Buy at Wall Street Zen

Key Points

• Consensus Cloud Solutions has been upgraded from a "hold" rating to a "buy" rating by analysts at Wall Street Zen.
• The company has a market capitalization of approximately $410.93 million and a price-to-earnings ratio of 4.87, with shares recently opening at $21.03.
• Institutional investors now hold 93.93% of the company's stock, indicating strong interest from hedge funds and other entities.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a report issued on Saturday.

Consensus Cloud Solutions Stock Down 1.0%

NASDAQ:CCSI traded down $0.21 during midday trading on Friday, hitting $21.26. The stock had a trading volume of 139,035 shares, compared to its average volume of 131,965. Consensus Cloud Solutions has a one year low of $17.84 and a one year high of $32.10. The company has a market capitalization of $415.44 million, a price-to-earnings ratio of 4.92 and a beta of 1.50. The stock has a 50-day moving average of $22.19 and a 200 day moving average of $23.28.

Institutional Trading of Consensus Cloud Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of CCSI. Quantbot Technologies LP bought a new stake in Consensus Cloud Solutions during the 4th quarter valued at $81,000. Strs Ohio bought a new stake in Consensus Cloud Solutions during the 1st quarter valued at $134,000. BNP Paribas Financial Markets bought a new stake in Consensus Cloud Solutions during the 4th quarter valued at $135,000. Federated Hermes Inc. boosted its position in Consensus Cloud Solutions by 82.0% during the 4th quarter. Federated Hermes Inc. now owns 7,762 shares of the company's stock valued at $185,000 after acquiring an additional 3,497 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in shares of Consensus Cloud Solutions in the 4th quarter worth $210,000. Institutional investors own 93.93% of the company's stock.

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.