Citigroup Increases Consensus Cloud Solutions (NASDAQ:CCSI) Price Target to $19.00

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target upped by investment analysts at Citigroup from $17.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the stock. Citigroup’s price target would suggest a potential downside of 19.90% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the company. Oppenheimer increased their price objective on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. BTIG Research lifted their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wedbush boosted their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Finally, JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $19.00 to $21.00 in a report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Consensus Cloud Solutions has an average rating of “Hold” and a consensus target price of $26.20.

Consensus Cloud Solutions Price Performance

NASDAQ:CCSI opened at $23.72 on Tuesday. The company has a market capitalization of $457.89 million, a P/E ratio of 5.19 and a beta of 1.38. Consensus Cloud Solutions has a 1 year low of $11.62 and a 1 year high of $28.09. The business has a fifty day simple moving average of $22.79 and a two-hundred day simple moving average of $20.58.

Hedge Funds Weigh In On Consensus Cloud Solutions

A number of institutional investors have recently modified their holdings of CCSI. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions in the 3rd quarter worth about $29,000. National Bank of Canada FI bought a new stake in shares of Consensus Cloud Solutions in the 2nd quarter worth approximately $33,000. SG Americas Securities LLC purchased a new stake in shares of Consensus Cloud Solutions during the third quarter valued at $148,000. CWM LLC grew its stake in Consensus Cloud Solutions by 388.4% during the 2nd quarter. CWM LLC now owns 8,792 shares of the company’s stock valued at $151,000 after acquiring an additional 6,992 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in Consensus Cloud Solutions during the second quarter valued at approximately $188,000. Hedge funds and other 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.