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

Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) traded 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 mid-day trading, a decline of 92% from the average session volume of 178,342 shares. The stock had previously closed at $34.55.

Several other equities research analysts have also weighed in on CCSI. Oppenheimer upped their price objective 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. Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Weiss Ratings raised shares of Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, Consensus Cloud Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $38.33.

Insider Transactions at Consensus Cloud Solutions

In other Consensus Cloud Solutions news, Director Elaine Healy sold 4,000 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total value of $137,080.00. Following the transaction, the director directly owned 27,658 shares in the company, valued at approximately $947,839.66. This trade represents a 12.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.65% of the company’s stock.

Hedge Funds Weigh In On Consensus Cloud Solutions

Several hedge funds have recently added to or reduced their stakes in the company. Empowered Funds LLC bought a new position in Consensus Cloud Solutions in the first quarter valued at about $211,000. Bank of America Corp DE raised its holdings in Consensus Cloud Solutions by 213.5% during the 1st quarter. Bank of America Corp DE now owns 80,567 shares of the company’s stock worth $1,913,000 after purchasing an additional 54,865 shares during the last quarter. Janus Henderson Group PLC lifted its position in Consensus Cloud Solutions by 4.0% during the 1st quarter. Janus Henderson Group PLC now owns 2,468,048 shares of the company’s stock valued at $58,591,000 after purchasing an additional 95,973 shares during the period. Quantinno Capital Management LP acquired a new position in Consensus Cloud Solutions during the 1st quarter valued at about $484,000. Finally, Lazard Asset Management LLC boosted its stake in shares of Consensus Cloud Solutions by 223.4% in the 1st quarter. Lazard Asset Management LLC now owns 69,299 shares of the company’s stock valued at $1,645,000 after purchasing an additional 47,872 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Up 5.4%

The firm’s 50 day moving average price is $34.38 and its 200-day moving average price is $28.98. The company has a current ratio of 1.80, a quick ratio of 1.80 and a debt-to-equity ratio of 24.99. The company has a market cap of $669.85 million, a P/E ratio of 7.91 and a beta of 1.56.

Consensus Cloud Solutions (NASDAQ:CCSI) last posted its quarterly earnings results on Thursday, May 7th. The company reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. Consensus Cloud Solutions had a net margin of 25.09% and a return on equity of 5,736.13%. The business had revenue of $88.47 million during the quarter, compared to the consensus estimate of $87.34 million. 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 expect that Consensus Cloud Solutions, Inc. will post 5.08 EPS 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.