Consensus Cloud Solutions (NASDAQ:CCSI) PT Lowered to $45.00

Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) had its price target decreased by equities researchers at Wedbush from $58.00 to $45.00 in a note issued to investors on Thursday, The Fly reports. Wedbush’s target price indicates a potential upside of 35.85% from the stock’s current price.

Other research analysts have also recently issued research reports about the company. JMP Securities dropped their price target on Consensus Cloud Solutions from $70.00 to $60.00 in a report on Monday, February 27th. Oppenheimer dropped their price target on Consensus Cloud Solutions from $65.00 to $50.00 in a report on Wednesday.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ:CCSI opened at $33.13 on Thursday. Consensus Cloud Solutions has a 12 month low of $29.62 and a 12 month high of $65.68. The stock has a market cap of $651.24 million, a price-to-earnings ratio of 9.30 and a beta of 1.28. The stock’s 50 day moving average price is $35.26 and its 200 day moving average price is $48.63.

Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last announced its earnings results on Wednesday, February 22nd. The company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.76 by $0.05. Consensus Cloud Solutions had a negative return on equity of 27.60% and a net margin of 20.07%. The firm had revenue of $90.23 million for the quarter, compared to analysts’ expectations of $96.16 million. On average, sell-side analysts expect that Consensus Cloud Solutions will post 4.1 EPS for the current year.

Insider Buying and Selling at Consensus Cloud Solutions

In other news, CFO James C. Malone bought 4,500 shares of the business’s stock in a transaction on Thursday, May 11th. The shares were bought at an average cost of $33.98 per share, with a total value of $152,910.00. Following the purchase, the chief financial officer now directly owns 17,091 shares in the company, valued at $580,752.18. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 18.27% of the stock is owned by corporate insiders.

Institutional Trading of Consensus Cloud Solutions

Several large investors have recently added to or reduced their stakes in CCSI. Brown Brothers Harriman & Co. acquired a new stake in Consensus Cloud Solutions during the 1st quarter valued at $25,000. Advisor Group Holdings Inc. raised its stake in Consensus Cloud Solutions by 86.1% during the 4th 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 stake in Consensus Cloud Solutions during the 4th quarter valued at $37,000. Captrust Financial Advisors acquired a new stake in Consensus Cloud Solutions during the 1st quarter valued at $47,000. Finally, Lazard Asset Management LLC raised its stake in Consensus Cloud Solutions by 45,050.0% during the 4th quarter. Lazard Asset Management LLC now owns 903 shares of the company’s stock valued at $48,000 after purchasing an additional 901 shares during the period. 92.79% of the stock is owned by institutional investors and hedge funds.

About Consensus Cloud Solutions

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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.