Jane Street Group LLC Sells 96,996 Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Jane Street Group LLC reduced its holdings in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 75.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 31,424 shares of the company’s stock after selling 96,996 shares during the period. Jane Street Group LLC owned 0.16% of Consensus Cloud Solutions worth $740,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCSI. Capital Performance Advisors LLP acquired a new stake in shares of Consensus Cloud Solutions in the third quarter valued at about $29,000. National Bank of Canada FI bought a new position in Consensus Cloud Solutions in the second quarter valued at approximately $33,000. SG Americas Securities LLC acquired a new position in shares of Consensus Cloud Solutions during the 3rd quarter worth approximately $148,000. Massachusetts Financial Services Co. MA bought a new stake in shares of Consensus Cloud Solutions during the 2nd quarter worth approximately $188,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Consensus Cloud Solutions in the 3rd quarter valued at approximately $242,000. 93.93% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Citigroup boosted their target price on shares of Consensus Cloud Solutions from $17.00 to $19.00 and gave the stock a “sell” rating in a report on Tuesday, November 19th. Oppenheimer upped their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Wedbush raised 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. BTIG Research boosted their price target on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $19.00 to $21.00 in a research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.20.

Consensus Cloud Solutions Stock Performance

Shares of CCSI stock opened at $23.99 on Friday. The company has a market capitalization of $463.10 million, a price-to-earnings ratio of 5.25 and a beta of 1.42. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $27.79. The company has a 50-day simple moving average of $24.17 and a 200 day simple moving average of $21.80.

Consensus Cloud Solutions 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.