Consensus Cloud Solutions (NASDAQ:CCSI) Hits New 52-Week Low at $36.88

Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) reached a new 52-week low during trading on Wednesday . The company traded as low as $36.88 and last traded at $36.88, with a volume of 4861 shares traded. The stock had previously closed at $37.89.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CCSI shares. JPMorgan Chase & Co. started coverage on shares of Consensus Cloud Solutions in a research note on Monday, November 21st. They set a “neutral” rating and a $54.00 target price for the company. Wedbush cut their target price on shares of Consensus Cloud Solutions from $67.00 to $58.00 and set an “outperform” rating for the company in a research note on Monday, February 27th. Finally, JMP Securities cut their target price on shares of Consensus Cloud Solutions from $70.00 to $60.00 in a research note on Monday, February 27th.

Consensus Cloud Solutions Stock Down 2.9 %

The stock has a market capitalization of $697.62 million, a price-to-earnings ratio of 9.48 and a beta of 1.40. The business’s 50-day moving average is $53.89 and its two-hundred day moving average is $53.41.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last posted its quarterly earnings results on Wednesday, February 22nd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.76 by $0.05. The firm had revenue of $90.23 million for the quarter, compared to analyst estimates of $96.16 million. Consensus Cloud Solutions had a net margin of 20.07% and a negative return on equity of 27.67%. As a group, analysts forecast that Consensus Cloud Solutions, Inc. will post 4.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Consensus Cloud Solutions

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Consensus Cloud Solutions by 3.4% in the 3rd quarter. BlackRock Inc. now owns 2,706,830 shares of the company’s stock valued at $128,035,000 after purchasing an additional 88,731 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Consensus Cloud Solutions by 5.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,023,054 shares of the company’s stock valued at $95,690,000 after purchasing an additional 97,525 shares during the last quarter. ArrowMark Colorado Holdings LLC boosted its holdings in Consensus Cloud Solutions by 15.0% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,606,784 shares of the company’s stock valued at $86,381,000 after purchasing an additional 209,111 shares during the last quarter. Macquarie Group Ltd. boosted its holdings in Consensus Cloud Solutions by 2.6% in the 4th quarter. Macquarie Group Ltd. now owns 1,045,781 shares of the company’s stock valued at $56,234,000 after purchasing an additional 26,914 shares during the last quarter. Finally, Cardinal Capital Management LLC CT boosted its holdings in Consensus Cloud Solutions by 7.7% in the 4th quarter. Cardinal Capital Management LLC CT now owns 732,249 shares of the company’s stock valued at $39,366,000 after purchasing an additional 52,417 shares during the last quarter. 92.79% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Company Profile

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Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.