Consensus Cloud Solutions, Inc. $CCSI Shares Purchased by Denali Advisors LLC

Denali Advisors LLC increased its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 13.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 243,840 shares of the company’s stock after acquiring an additional 28,824 shares during the quarter. Denali Advisors LLC owned about 1.25% of Consensus Cloud Solutions worth $5,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCSI. Allspring Global Investments Holdings LLC acquired a new position in Consensus Cloud Solutions during the first quarter worth about $287,000. New South Capital Management Inc. boosted its holdings in Consensus Cloud Solutions by 100.1% in the 1st quarter. New South Capital Management Inc. now owns 354,241 shares of the company’s stock valued at $8,176,000 after purchasing an additional 177,247 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Consensus Cloud Solutions by 0.7% in the 1st quarter. Bank of New York Mellon Corp now owns 80,971 shares of the company’s stock valued at $1,869,000 after purchasing an additional 528 shares during the last quarter. Cerity Partners LLC boosted its holdings in Consensus Cloud Solutions by 3.6% in the 1st quarter. Cerity Partners LLC now owns 59,118 shares of the company’s stock valued at $1,364,000 after purchasing an additional 2,049 shares during the last quarter. Finally, CWM LLC boosted its holdings in Consensus Cloud Solutions by 14.7% in the 1st quarter. CWM LLC now owns 23,271 shares of the company’s stock valued at $537,000 after purchasing an additional 2,978 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have weighed in on CCSI shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Consensus Cloud Solutions in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Consensus Cloud Solutions currently has a consensus rating of “Hold” and a consensus target price of $29.00.

Consensus Cloud Solutions Stock Performance

Consensus Cloud Solutions stock opened at $26.98 on Wednesday. The company’s 50 day simple moving average is $27.23 and its 200-day simple moving average is $23.52. The company has a market capitalization of $512.08 million, a price-to-earnings ratio of 6.50 and a beta of 1.53. Consensus Cloud Solutions, Inc. has a 1 year low of $17.84 and a 1 year high of $32.10.

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.