Consensus Cloud Solutions (NASDAQ:CCSI) Shares Down 5.1% - Here's Why

Key Points

• Consensus Cloud Solutions shares fell 5.1% to about $34.28 in mid-day trading, with volume roughly 36% below the average session level.
• Analyst sentiment remains positive: three analysts rate the stock Buy and one rates it Hold, producing a “Moderate Buy” consensus and an average price target of $41.67. Oppenheimer and BTIG recently raised their targets to $40 and $50, respectively.
• The company slightly exceeded quarterly expectations, reporting $1.49 in earnings per share and $91.36 million in revenue. Institutional investors own approximately 93.93% of the stock, while the CTO recently sold 5,400 shares.

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report)'s share price fell 5.1% during mid-day trading on Wednesday . The company traded as low as $34.44 and last traded at $34.2760. Approximately 113,525 shares traded hands during trading, a decline of 36% from the average session volume of 176,392 shares. The stock had previously closed at $36.13.

Analysts Set New Price Targets

CCSI has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, May 17th. Oppenheimer increased their price target on Consensus Cloud Solutions from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Consensus Cloud Solutions in a report on Tuesday, August 4th. Finally, BTIG Research lifted their price objective on Consensus Cloud Solutions from $45.00 to $50.00 and gave the company a "buy" rating in a research report on Monday, August 10th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $41.67.

Consensus Cloud Solutions Price Performance

The stock has a market capitalization of $628.08 million, a P/E ratio of 6.95 and a beta of 1.57. The business's 50 day simple moving average is $37.32 and its two-hundred day simple moving average is $31.99. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 13.19.

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. The company had revenue of $91.36 million for the quarter, compared to analyst estimates 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. As a group, sell-side analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Consensus Cloud Solutions

In other news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the company's stock in a transaction that occurred 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 completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.65% of the stock is owned by insiders.

Institutional Investors Weigh In On Consensus Cloud Solutions

Hedge funds have recently modified their holdings of the stock. California State Teachers Retirement System boosted its position in Consensus Cloud Solutions by 831.3% during the second quarter. California State Teachers Retirement System now owns 9,499 shares of the company's stock worth $362,000 after purchasing an additional 8,479 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in shares of Consensus Cloud Solutions in the second quarter valued at approximately $321,000. Public Employees Retirement System of Ohio purchased a new stake in Consensus Cloud Solutions in the 2nd quarter worth approximately $7,690,000. Bank of America Corp DE bought a new stake in Consensus Cloud Solutions during the second quarter valued at $1,664,000. Finally, Jupiter Topco LLC bought a new stake in Consensus Cloud Solutions during the second quarter valued at approximately $94,988,000. Institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Company Profile

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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