BTIG Research Forecasts Strong Price Appreciation for Consensus Cloud Solutions (NASDAQ:CCSI) Stock

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target hoisted by investment analysts at BTIG Research from $30.00 to $32.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. BTIG Research’s price target points to a potential upside of 26.53% from the company’s current price.

Several other research firms have also recently weighed in on CCSI. JPMorgan Chase & Co. cut shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Oppenheimer lifted their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush upped their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a report on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and a consensus target price of $26.40.

Consensus Cloud Solutions Stock Down 0.2 %

CCSI stock opened at $25.29 on Monday. The company has a market cap of $488.02 million, a price-to-earnings ratio of 5.54 and a beta of 1.38. Consensus Cloud Solutions has a twelve month low of $11.62 and a twelve month high of $28.09. The business has a 50 day moving average price of $22.46 and a two-hundred day moving average price of $20.02.

Hedge Funds Weigh In On Consensus Cloud Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CCSI. Quantbot Technologies LP acquired a new stake in shares of Consensus Cloud Solutions during the 1st quarter worth about $290,000. Meeder Asset Management Inc. lifted its position in Consensus Cloud Solutions by 20.0% during the first quarter. Meeder Asset Management Inc. now owns 14,480 shares of the company’s stock worth $230,000 after acquiring an additional 2,414 shares during the last quarter. Heron Bay Capital Management boosted its holdings in shares of Consensus Cloud Solutions by 63.7% during the first quarter. Heron Bay Capital Management now owns 1,100,425 shares of the company’s stock worth $17,453,000 after acquiring an additional 428,232 shares during the period. Price T Rowe Associates Inc. MD grew its position in shares of Consensus Cloud Solutions by 15.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 30,994 shares of the company’s stock valued at $492,000 after purchasing an additional 4,100 shares during the last quarter. Finally, Paloma Partners Management Co bought a new position in shares of Consensus Cloud Solutions during the first quarter worth approximately $262,000. 93.93% of the stock is owned by institutional investors.

About Consensus Cloud Solutions

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.