Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Receives Consensus Rating of “Hold” from Analysts

Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) have received a consensus rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $27.40.

Separately, Wall Street Zen lowered Consensus Cloud Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 5th.

Institutional Trading of Consensus Cloud Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Consensus Cloud Solutions by 4.6% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company’s stock valued at $247,000 after purchasing an additional 456 shares in the last quarter. Sterling Capital Management LLC lifted its holdings in Consensus Cloud Solutions by 3.2% in the fourth quarter. Sterling Capital Management LLC now owns 16,499 shares of the company’s stock valued at $394,000 after buying an additional 513 shares during the period. Bank of New York Mellon Corp lifted its holdings in Consensus Cloud Solutions by 0.7% in the first quarter. Bank of New York Mellon Corp now owns 80,971 shares of the company’s stock valued at $1,869,000 after buying an additional 528 shares during the period. Ameriprise Financial Inc. lifted its holdings in Consensus Cloud Solutions by 4.7% in the fourth quarter. Ameriprise Financial Inc. now owns 14,418 shares of the company’s stock valued at $344,000 after buying an additional 651 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Consensus Cloud Solutions by 2.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 32,083 shares of the company’s stock valued at $766,000 after buying an additional 820 shares during the period. Institutional investors and hedge funds own 93.93% of the company’s stock.

Consensus Cloud Solutions Stock Down 2.2%

Shares of CCSI stock opened at $23.13 on Friday. Consensus Cloud Solutions has a 12 month low of $16.15 and a 12 month high of $32.10. The firm has a market cap of $451.96 million, a PE ratio of 5.35 and a beta of 1.50. The stock has a 50 day moving average of $22.53 and a 200-day moving average of $23.55.

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.