Kennondale Capital Management LLC Takes $981,000 Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Kennondale Capital Management LLC acquired a new position in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,133 shares of the company’s stock, valued at approximately $981,000. Kennondale Capital Management LLC owned 0.21% of Consensus Cloud Solutions as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCSI. GAMMA Investing LLC boosted its position in Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after purchasing an additional 653 shares during the period. R Squared Ltd acquired a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at approximately $42,000. AlphaQuest LLC boosted its position in shares of Consensus Cloud Solutions by 451.5% during the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock worth $52,000 after buying an additional 1,779 shares during the period. SG Americas Securities LLC boosted its position in Consensus Cloud Solutions by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after acquiring an additional 1,240 shares during the period. Finally, DGS Capital Management LLC bought a new position in shares of Consensus Cloud Solutions in the third quarter worth $209,000. Institutional investors own 93.93% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CCSI shares. Citigroup increased their target price on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and an average target price of $27.40.

Consensus Cloud Solutions Trading Up 4.2 %

NASDAQ:CCSI opened at $24.88 on Tuesday. The company has a 50-day moving average of $26.18 and a 200-day moving average of $24.37. The firm has a market cap of $485.81 million, a price-to-earnings ratio of 5.39 and a beta of 1.45. Consensus Cloud Solutions, Inc. has a twelve month low of $11.62 and a twelve month high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its 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 for the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. On average, research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

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.