Proficio Capital Partners LLC Makes New $340,000 Investment in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Proficio Capital Partners LLC purchased a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 14,268 shares of the company’s stock, valued at approximately $340,000. Proficio Capital Partners LLC owned approximately 0.07% of Consensus Cloud Solutions at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new position in Consensus Cloud Solutions in the 3rd quarter valued at approximately $242,000. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions in the 3rd quarter valued at $29,000. GSA Capital Partners LLP boosted its holdings in Consensus Cloud Solutions by 6.2% during the 3rd quarter. GSA Capital Partners LLP now owns 56,999 shares of the company’s stock worth $1,342,000 after acquiring an additional 3,339 shares during the last quarter. Integrated Investment Consultants LLC boosted its holdings in Consensus Cloud Solutions by 14.7% during the 3rd quarter. Integrated Investment Consultants LLC now owns 155,857 shares of the company’s stock worth $3,670,000 after acquiring an additional 19,948 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Consensus Cloud Solutions by 105.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 22,458 shares of the company’s stock worth $529,000 after acquiring an additional 11,510 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $23.74 on Tuesday. The firm has a market cap of $463.55 million, a P/E ratio of 5.14 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a 1 year low of $11.62 and a 1 year high of $32.10. The stock has a 50 day simple moving average of $26.19 and a two-hundred day simple moving average of $24.34.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings data on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The company had revenue of $86.98 million for the quarter, compared to analysts’ expectations of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. On average, equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

CCSI has been the topic of a number of research analyst reports. Oppenheimer boosted their price target on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, February 20th. Citigroup upped their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Finally, BTIG Research boosted their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. According to data from MarketBeat, Consensus Cloud Solutions currently has an average rating of “Hold” and a consensus price target of $27.40.

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.