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 report released on Thursday morning,Benzinga reports. They currently have an outperform rating on the stock.

CCSI has been the subject of a number of other research reports. Wedbush upped their price target on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Citigroup upped their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a “sell” rating in a report on Friday, January 17th. Finally, BTIG Research upped their price target on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. According to MarketBeat.com, Consensus Cloud Solutions currently has a consensus rating of “Hold” and a consensus target price of $27.40.

Consensus Cloud Solutions Stock Down 8.7 %

Shares of CCSI stock opened at $25.60 on Thursday. The stock has a market cap of $494.08 million, a PE ratio of 5.60 and a beta of 1.45. The business has a 50-day simple moving average of $25.86 and a 200-day simple moving average of $23.84. Consensus Cloud Solutions has a 52-week low of $11.62 and a 52-week high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The business had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 66.28% and a net margin of 25.10%. Sell-side analysts anticipate that Consensus Cloud Solutions will post 4.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Consensus Cloud Solutions

Several large investors have recently bought and sold shares of CCSI. SG Americas Securities LLC purchased a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $148,000. Creative Planning purchased a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $285,000. Greenleaf Trust purchased a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $1,634,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $242,000. Finally, Rice Hall James & Associates LLC increased its stake in Consensus Cloud Solutions by 7.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 217,086 shares of the company’s stock worth $5,112,000 after buying an additional 14,406 shares in the last quarter. 93.93% of the stock is currently owned by hedge funds and other 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.