Consensus Cloud Solutions (NASDAQ:CCSI) Price Target Raised to $19.00

Consensus Cloud Solutions (NASDAQ:CCSI) had its target price lifted by Citigroup from $17.00 to $19.00 in a research note released on Tuesday,Benzinga reports. They currently have a sell rating on the stock.

CCSI has been the topic of a number of other research reports. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and lifted their price target for the stock from $19.00 to $21.00 in a research note on Monday, September 9th. BTIG Research boosted their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a report on Monday, November 11th. Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Finally, Wedbush boosted their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Consensus Cloud Solutions presently has an average rating of “Hold” and an average price target of $26.20.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $23.75 on Tuesday. The firm’s 50 day moving average is $22.83 and its 200-day moving average is $20.60. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $28.09. The stock has a market capitalization of $458.38 million, a P/E ratio of 5.20 and a beta of 1.38.

Institutional Trading of Consensus Cloud Solutions

Several large investors have recently added to or reduced their stakes in CCSI. Capital Performance Advisors LLP acquired a new stake in shares of Consensus Cloud Solutions in the 3rd quarter valued at $29,000. National Bank of Canada FI bought a new position in Consensus Cloud Solutions during the second quarter valued at about $33,000. SG Americas Securities LLC acquired a new stake in shares of Consensus Cloud Solutions in the third quarter worth about $148,000. CWM LLC boosted its stake in shares of Consensus Cloud Solutions by 388.4% during the 2nd quarter. CWM LLC now owns 8,792 shares of the company’s stock worth $151,000 after acquiring an additional 6,992 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Consensus Cloud Solutions during the 2nd quarter valued at about $188,000. 93.93% of the stock is owned by institutional investors.

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.