Consensus Cloud Solutions (NASDAQ:CCSI) Price Target Raised to $20.00

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target increased by Citigroup from $19.00 to $20.00 in a research note issued to investors on Friday,Benzinga reports. They currently have a sell rating on the stock.

A number of other equities analysts also recently commented on CCSI. BTIG Research lifted their target price on Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Oppenheimer boosted their price objective on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, Wedbush boosted their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $26.40.

Consensus Cloud Solutions Stock Up 1.5 %

Shares of CCSI stock opened at $25.07 on Friday. The business has a 50 day moving average of $24.47 and a two-hundred day moving average of $22.44. Consensus Cloud Solutions has a 52 week low of $11.62 and a 52 week high of $27.79. The company has a market cap of $483.85 million, a P/E ratio of 5.49 and a beta of 1.41.

Institutional Investors Weigh In On Consensus Cloud Solutions

A number of institutional investors have recently added to or reduced their stakes in the company. Janus Henderson Group PLC lifted its position in Consensus Cloud Solutions by 26.4% in the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company’s stock worth $56,070,000 after purchasing an additional 498,010 shares during the period. Marshall Wace LLP increased its holdings in shares of Consensus Cloud Solutions by 437.2% in the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock valued at $11,728,000 after buying an additional 555,584 shares in the last quarter. AQR Capital Management LLC increased its holdings in shares of Consensus Cloud Solutions by 115.4% in the second quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock valued at $11,041,000 after buying an additional 360,476 shares in the last quarter. State Street Corp increased its holdings in shares of Consensus Cloud Solutions by 15.1% in the third quarter. State Street Corp now owns 450,415 shares of the company’s stock valued at $10,607,000 after buying an additional 59,219 shares in the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Consensus Cloud Solutions by 1.3% in the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after buying an additional 5,299 shares in the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.