Consensus Cloud Solutions (NASDAQ:CCSI) Trading Up 8.5% After Analyst Upgrade

Key Points

• Consensus Cloud Solutions shares rose 8.5% to about $38.11 after BTIG Research raised its price target from $45 to $50 and maintained a Buy rating.
• Analyst sentiment is broadly positive, with three Buy ratings and one Hold rating producing a consensus “Moderate Buy” rating and an average target price of $40.
• The company slightly exceeded quarterly expectations, reporting $1.49 in EPS versus $1.48 expected and $91.36 million in revenue versus $89.63 million forecast.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report)'s stock price traded up 8.5% during mid-day trading on Monday after BTIG Research raised their price target on the stock from $45.00 to $50.00. BTIG Research currently has a buy rating on the stock. Consensus Cloud Solutions traded as high as $38.40 and last traded at $38.1140. Approximately 12,848 shares were traded during mid-day trading, a decline of 93% from the average daily volume of 173,742 shares. The stock had previously closed at $35.14.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings reissued a "hold (c+)" rating on shares of Consensus Cloud Solutions in a research report on Tuesday, August 4th. Oppenheimer raised their target price on Consensus Cloud Solutions from $32.00 to $35.00 and gave the company an "outperform" rating in a report on Tuesday, May 12th. Finally, Wall Street Zen upgraded Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a report on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.00.

Insider Buying and Selling at Consensus Cloud Solutions

In related news, Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total transaction of $137,080.00. Following the sale, the director directly owned 27,658 shares of the company's stock, valued at $947,839.66. This trade represents a 12.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.65% of the company's stock.

Institutional Trading of Consensus Cloud Solutions

Several institutional investors have recently modified their holdings of the company. Quarry LP acquired a new position in shares of Consensus Cloud Solutions in the fourth quarter valued at $25,000. State of Alaska Department of Revenue bought a new stake in Consensus Cloud Solutions in the 4th quarter valued at $46,000. Tower Research Capital LLC TRC increased its holdings 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. BNP Paribas Financial Markets raised its stake in shares of Consensus Cloud Solutions by 104.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company's stock valued at $111,000 after buying an additional 1,942 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Consensus Cloud Solutions during the 2nd quarter worth about $112,000. Institutional investors and hedge funds own 93.93% of the company's stock.

Consensus Cloud Solutions Stock Performance

The firm has a market capitalization of $695.08 million, a price-to-earnings ratio of 7.73 and a beta of 1.57. The firm's 50-day moving average price is $36.02 and its two-hundred day moving average price is $30.12. The company has a debt-to-equity ratio of 13.19, a quick ratio of 1.80 and a current ratio of 1.90.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.49 EPS for the quarter, topping analysts' consensus estimates of $1.48 by $0.01. The firm had revenue of $91.36 million during the quarter, compared to analysts' expectations of $89.63 million. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. 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. Sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.08 earnings per share for the current year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source