Consensus Cloud Solutions (NASDAQ:CCSI) Shares Up 5.2% After Analyst Upgrade

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) shares shot up 5.2% during trading on Friday after BTIG Research raised their price target on the stock from $40.00 to $45.00. BTIG Research currently has a buy rating on the stock. Consensus Cloud Solutions traded as high as $36.89 and last traded at $36.34. Approximately 13,496 shares traded hands during trading, a decline of 92% from the average daily volume of 178,342 shares. The stock had previously closed at $34.55.

Several other brokerages have also issued reports on CCSI. Oppenheimer boosted their price target on Consensus Cloud Solutions from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Weiss Ratings raised Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research note on Sunday, May 17th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Insider Buying and Selling

In other Consensus Cloud Solutions news, Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total transaction of $137,080.00. Following the sale, the director directly owned 27,658 shares of the company’s stock, valued at approximately $947,839.66. The trade was a 12.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.65% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Consensus Cloud Solutions

Hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Consensus Cloud Solutions by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company’s stock valued at $249,000 after acquiring an additional 468 shares during the period. Jones Financial Companies Lllp lifted its holdings in shares of Consensus Cloud Solutions by 149,428.6% during the first quarter. Jones Financial Companies Lllp now owns 10,467 shares of the company’s stock valued at $242,000 after acquiring an additional 10,460 shares during the period. Jane Street Group LLC bought a new position in shares of Consensus Cloud Solutions during the first quarter valued at $632,000. Acadian Asset Management LLC boosted its stake in shares of Consensus Cloud Solutions by 117.8% in the 1st quarter. Acadian Asset Management LLC now owns 15,416 shares of the company’s stock valued at $354,000 after purchasing an additional 8,339 shares in the last quarter. Finally, Strs Ohio acquired a new stake in shares of Consensus Cloud Solutions during the 1st quarter worth about $134,000. Institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Up 5.3%

The stock has a market capitalization of $669.21 million, a P/E ratio of 7.94 and a beta of 1.56. The firm’s fifty day moving average is $34.54 and its 200-day moving average is $29.03. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 24.99.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.52 earnings per share for the quarter, topping the consensus estimate of $1.40 by $0.12. The firm had revenue of $88.47 million for the quarter, compared to analysts’ expectations of $87.34 million. Consensus Cloud Solutions had a net margin of 25.09% and a return on equity of 5,736.13%. Consensus Cloud Solutions has set its Q2 2026 guidance at 1.430-1.530 EPS and its FY 2026 guidance at 5.550-5.950 EPS. As a group, equities research analysts predict that Consensus Cloud Solutions, Inc. will post 5.08 earnings per share for the current year.

About Consensus Cloud Solutions

Consensus Cloud Solutions (NASDAQ: CCSI) is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.

The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.