Consensus Cloud Solutions (NASDAQ:CCSI) Trading Up 4.7% - Here's What Happened

Key Points

• Consensus Cloud Solutions shares rose 4.7% to about $38.59, although trading volume was unusually light at roughly 10,133 shares, 94% below the average session 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. BTIG and Oppenheimer recently raised their targets to $50 and $40, respectively.
• The company slightly exceeded quarterly expectations, reporting $1.49 in EPS and $91.36 million in revenue, while institutional investors own a substantial 93.93% of outstanding shares.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) rose 4.7% on Tuesday . The company traded as high as $38.01 and last traded at $38.5890. Approximately 10,133 shares changed hands during trading, a decline of 94% from the average session volume of 173,641 shares. The stock had previously closed at $36.84.

Analyst Upgrades and Downgrades

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

Consensus Cloud Solutions Price Performance

The company has a debt-to-equity ratio of 13.19, a current ratio of 1.90 and a quick ratio of 1.90. The stock has a 50 day moving average price of $36.45 and a two-hundred day moving average price of $30.81. The firm has a market capitalization of $702.50 million, a price-to-earnings ratio of 7.76 and a beta of 1.57.

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 (EPS) for the quarter, topping the consensus estimate 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 firm 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 expect that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current year.

Insider Transactions at Consensus Cloud Solutions

In other news, Director Elaine Healy sold 4,000 shares of the stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total transaction of $137,080.00. Following the sale, the director owned 27,658 shares of the company's stock, valued at approximately $947,839.66. This represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffrey Alan Sullivan sold 5,400 shares of the stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $37.70, for a total transaction of $203,580.00. Following the sale, the chief technology officer directly owned 114,968 shares in the company, valued at $4,334,293.60. This represents a 4.49% decrease in their position. The SEC filing for this sale provides additional information. 3.65% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Consensus Cloud Solutions

A number of hedge funds have recently added to or reduced their stakes in CCSI. Jupiter Topco LLC acquired a new position in shares of Consensus Cloud Solutions in the second quarter worth $94,988,000. Janus Henderson Group PLC raised its stake in shares of Consensus Cloud Solutions by 4.0% in the first quarter. Janus Henderson Group PLC now owns 2,468,048 shares of the company's stock valued at $58,591,000 after acquiring an additional 95,973 shares in the last quarter. Heron Bay Capital Management acquired a new stake in shares of Consensus Cloud Solutions in the second quarter valued at $70,076,000. BlackRock Inc. purchased a new position in Consensus Cloud Solutions in the second quarter valued at $52,676,000. Finally, LSV Asset Management grew its stake in Consensus Cloud Solutions by 81.2% during the 4th 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 in the last quarter. 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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