Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 55.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 41,695 shares of the company’s stock after selling 50,889 shares during the quarter. Trexquant Investment LP’s holdings in Consensus Cloud Solutions were worth $995,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Consensus Cloud Solutions by 74.9% in the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock worth $36,000 after buying an additional 653 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Consensus Cloud Solutions by 3.1% in the 4th quarter. Meeder Asset Management Inc. now owns 27,645 shares of the company’s stock worth $660,000 after buying an additional 839 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Consensus Cloud Solutions by 5.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 23,560 shares of the company’s stock worth $562,000 after buying an additional 1,195 shares during the last quarter. SG Americas Securities LLC boosted its holdings in Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after buying an additional 1,240 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in Consensus Cloud Solutions by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company’s stock worth $657,000 after buying an additional 1,284 shares during the last quarter. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Consensus Cloud Solutions Price Performance

CCSI opened at $19.51 on Friday. The company’s 50 day simple moving average is $24.77 and its two-hundred day simple moving average is $24.29. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The firm has a market capitalization of $380.95 million, a price-to-earnings ratio of 4.22 and a beta of 1.47.

Consensus Cloud Solutions (NASDAQ:CCSI) last released 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 during the quarter, compared to analysts’ expectations 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, equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

Consensus Cloud Solutions 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.