Consensus Cloud Solutions (NASDAQ:CCSI) Trading Up 4%

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) shares were up 4% during mid-day trading on Friday . The stock traded as high as $32.17 and last traded at $31.92. Approximately 94,548 shares changed hands during trading, a decline of 33% from the average daily volume of 140,151 shares. The stock had previously closed at $30.69.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCSI shares. JMP Securities lowered their target price on shares of Consensus Cloud Solutions from $70.00 to $60.00 in a research note on Monday, February 27th. 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 on the stock. Finally, Wedbush lowered their target price on shares of Consensus Cloud Solutions from $67.00 to $58.00 and set an “outperform” rating on the stock in a research note on Monday, February 27th.

Consensus Cloud Solutions Stock Up 3.6 %

The firm has a 50-day moving average of $51.28 and a two-hundred day moving average of $52.48. The company has a market capitalization of $630.40 million, a PE ratio of 8.57 and a beta of 1.40.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last announced its quarterly earnings results on Wednesday, February 22nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.76 by $0.05. The business had revenue of $90.23 million for the quarter, compared to analyst estimates of $96.16 million. Consensus Cloud Solutions had a negative return on equity of 27.67% and a net margin of 20.07%. On average, equities research analysts expect that Consensus Cloud Solutions, Inc. will post 4.1 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CCSI. Brown Brothers Harriman & Co. acquired a new position in shares of Consensus Cloud Solutions in the 1st quarter worth approximately $25,000. Advisor Group Holdings Inc. raised its position in Consensus Cloud Solutions by 86.1% in the fourth quarter. Advisor Group Holdings Inc. now owns 631 shares of the company’s stock valued at $35,000 after purchasing an additional 292 shares during the period. Yarbrough Capital LLC acquired a new position in Consensus Cloud Solutions during the fourth quarter worth $37,000. Captrust Financial Advisors acquired a new stake in shares of Consensus Cloud Solutions in the first quarter valued at $47,000. Finally, Lazard Asset Management LLC raised its holdings in shares of Consensus Cloud Solutions by 45,050.0% in the 4th quarter. Lazard Asset Management LLC now owns 903 shares of the company’s stock valued at $48,000 after buying an additional 901 shares during the period. Hedge funds and other institutional investors own 92.79% of the company’s stock.

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.