Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Receives $29.00 Consensus Target Price from Brokerages

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) has received a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $29.00.

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Consensus Cloud Solutions in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, July 26th.

Consensus Cloud Solutions Trading Up 5.1%

CCSI opened at $28.02 on Tuesday. The company has a 50 day moving average of $27.41 and a 200 day moving average of $23.88. The company has a market cap of $531.82 million, a PE ratio of 6.75 and a beta of 1.53. Consensus Cloud Solutions has a 12 month low of $17.84 and a 12 month high of $32.10.

Institutional Trading of Consensus Cloud Solutions

Several institutional investors and hedge funds have recently made changes to their positions in CCSI. Ritholtz Wealth Management raised its position in Consensus Cloud Solutions by 32.6% in the 3rd quarter. Ritholtz Wealth Management now owns 60,053 shares of the company’s stock worth $1,764,000 after purchasing an additional 14,752 shares during the period. SG Americas Securities LLC purchased a new position in Consensus Cloud Solutions in the 3rd quarter worth $420,000. Exchange Traded Concepts LLC raised its position in Consensus Cloud Solutions by 46.9% in the 3rd quarter. Exchange Traded Concepts LLC now owns 32,798 shares of the company’s stock worth $963,000 after purchasing an additional 10,467 shares during the period. State of Wyoming raised its position in Consensus Cloud Solutions by 225.5% in the 2nd quarter. State of Wyoming now owns 28,843 shares of the company’s stock worth $665,000 after purchasing an additional 19,982 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in Consensus Cloud Solutions by 40.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company’s stock worth $46,000 after purchasing an additional 570 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

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.