10,268 Shares in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC purchased a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 10,268 shares of the company’s stock, valued at approximately $242,000. Wealth Enhancement Advisory Services LLC owned approximately 0.05% of Consensus Cloud Solutions at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. National Bank of Canada FI bought a new position in shares of Consensus Cloud Solutions during the second quarter worth $33,000. SG Americas Securities LLC purchased a new position in shares of Consensus Cloud Solutions during the third quarter valued at about $148,000. CWM LLC increased its holdings in shares of Consensus Cloud Solutions by 388.4% in the second quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after purchasing an additional 6,992 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Consensus Cloud Solutions in the second quarter worth about $188,000. Finally, Creative Planning bought a new position in Consensus Cloud Solutions during the third quarter valued at approximately $285,000. 93.93% of the stock is currently owned by institutional investors.

Consensus Cloud Solutions Price Performance

Shares of CCSI stock opened at $25.34 on Tuesday. The company’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $19.93. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $28.09. The company has a market capitalization of $488.99 million, a P/E ratio of 5.55 and a beta of 1.38.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wedbush upped their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. lowered Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Oppenheimer increased their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday. Finally, BTIG Research raised their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.40.

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.