Consensus Cloud Solutions (NASDAQ:CCSI) Given New $27.00 Price Target at Oppenheimer

Consensus Cloud Solutions (NASDAQ:CCSI) had its price objective upped by Oppenheimer from $23.00 to $27.00 in a research report sent to investors on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other equities analysts have also commented on the company. BTIG Research upgraded Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Wednesday, August 21st. JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price objective for the company from $19.00 to $21.00 in a research report on Monday, September 9th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Consensus Cloud Solutions currently has a consensus rating of “Hold” and a consensus target price of $26.00.

Consensus Cloud Solutions Stock Performance

CCSI stock traded down $1.03 during midday trading on Friday, reaching $25.05. The company’s stock had a trading volume of 176,109 shares, compared to its average volume of 127,914. The firm has a market capitalization of $483.47 million, a price-to-earnings ratio of 5.33 and a beta of 1.38. Consensus Cloud Solutions has a 1 year low of $11.62 and a 1 year high of $28.09. The stock has a fifty day simple moving average of $22.43 and a two-hundred day simple moving average of $19.82.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.11 by $0.15. The firm had revenue of $87.50 million for the quarter, compared to analyst estimates of $87.10 million. Consensus Cloud Solutions had a negative return on equity of 57.77% and a net margin of 25.72%. As a group, analysts forecast that Consensus Cloud Solutions will post 4.86 EPS for the current fiscal year.

Institutional Investors Weigh In On Consensus Cloud Solutions

Several institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP boosted its holdings in Consensus Cloud Solutions by 6.2% in the third quarter. GSA Capital Partners LLP now owns 56,999 shares of the company’s stock worth $1,342,000 after acquiring an additional 3,339 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in Consensus Cloud Solutions in the third quarter worth about $29,000. Rice Hall James & Associates LLC raised its stake in shares of Consensus Cloud Solutions by 7.1% in the third quarter. Rice Hall James & Associates LLC now owns 217,086 shares of the company’s stock worth $5,112,000 after purchasing an additional 14,406 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Consensus Cloud Solutions in the third quarter worth about $242,000. Finally, Greenleaf Trust purchased a new position in shares of Consensus Cloud Solutions in the third quarter worth about $1,634,000. Institutional investors and hedge funds 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.