Consensus Cloud Solutions (NASDAQ:CCSI) Stock Rating Upgraded by 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 research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ:CCSI opened at $21.03 on Friday. The company's fifty day moving average price is $22.26 and its 200-day moving average price is $23.31. The firm has a market capitalization of $410.93 million, a price-to-earnings ratio of 4.87 and a beta of 1.50. Consensus Cloud Solutions has a one year low of $17.84 and a one year high of $32.10.

Hedge Funds Weigh In On Consensus Cloud Solutions

Institutional investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at $81,000. BNP Paribas Financial Markets bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at $135,000. Strs Ohio bought a new position in shares of Consensus Cloud Solutions during the 1st quarter valued at $134,000. Federated Hermes Inc. grew its holdings in shares of 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 purchasing an additional 3,497 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at $210,000. Institutional investors own 93.93% of the company's stock.

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.

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