Oppenheimer Issues Positive Forecast for Consensus Cloud Solutions (NASDAQ:CCSI) Stock Price

Consensus Cloud Solutions (NASDAQ:CCSI) had its price objective raised by Oppenheimer from $27.00 to $32.00 in a research note released on Thursday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other research analysts also recently weighed in on CCSI. BTIG Research boosted their target price on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wedbush boosted their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Citigroup boosted their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a research note on Friday, January 17th. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $27.40.

Consensus Cloud Solutions Trading Down 8.7 %

Shares of NASDAQ:CCSI opened at $25.60 on Thursday. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $32.10. The business’s fifty day simple moving average is $25.86 and its 200-day simple moving average is $23.84. The company has a market capitalization of $494.08 million, a PE ratio of 5.60 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a negative return on equity of 66.28% and a net margin of 25.10%. The business had revenue of $86.98 million for the quarter, compared to analysts’ expectations of $85.07 million. Research analysts predict that Consensus Cloud Solutions will post 4.86 EPS for the current year.

Institutional Trading of Consensus Cloud Solutions

Large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in Consensus Cloud Solutions by 272.4% during the 3rd quarter. Cerity Partners LLC now owns 59,442 shares of the company’s stock valued at $1,400,000 after purchasing an additional 43,482 shares during the last quarter. Geode Capital Management LLC grew its stake in Consensus Cloud Solutions by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after purchasing an additional 5,299 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock valued at $4,650,000 after purchasing an additional 136,349 shares during the last quarter. Barclays PLC grew its stake in Consensus Cloud Solutions by 275.8% during the 3rd quarter. Barclays PLC now owns 23,618 shares of the company’s stock valued at $556,000 after purchasing an additional 17,333 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted its holdings in shares of Consensus Cloud Solutions by 9.3% in the 4th quarter. Integrated Investment Consultants LLC now owns 170,306 shares of the company’s stock valued at $4,064,000 after buying an additional 14,449 shares during the period. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Company Profile

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.