Consensus Cloud Solutions (NASDAQ:CCSI) Stock Price Expected to Rise, Citigroup Analyst Says

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target raised by equities research analysts at Citigroup from $19.00 to $20.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “sell” rating on the stock. Citigroup’s target price points to a potential downside of 20.22% from the company’s current price.

Other equities research analysts also recently issued research reports about the stock. Wedbush upped their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Oppenheimer upped their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, BTIG Research increased their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 11th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $26.40.

Consensus Cloud Solutions Price Performance

Shares of Consensus Cloud Solutions stock opened at $25.07 on Friday. Consensus Cloud Solutions has a 1-year low of $11.62 and a 1-year high of $27.79. The business’s fifty day moving average price is $24.47 and its two-hundred day moving average price is $22.40. The company has a market capitalization of $483.85 million, a P/E ratio of 5.49 and a beta of 1.41.

Institutional Investors Weigh In On Consensus Cloud Solutions

A number of institutional investors and hedge funds have recently bought and sold shares of CCSI. GAMMA Investing LLC grew its holdings in shares of Consensus Cloud Solutions by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock worth $36,000 after acquiring an additional 653 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock valued at $179,000 after purchasing an additional 1,240 shares during the period. Capital Performance Advisors LLP purchased a new position in Consensus Cloud Solutions in the 3rd quarter worth about $29,000. Janney Montgomery Scott LLC raised its holdings in Consensus Cloud Solutions by 4.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company’s stock worth $657,000 after buying an additional 1,284 shares during the period. Finally, Rhumbline Advisers lifted its stake in Consensus Cloud Solutions by 4.8% during the second quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock valued at $522,000 after buying an additional 1,379 shares in the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.

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.