Consensus Cloud Solutions (NASDAQ:CCSI) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Consensus Cloud Solutions (NASDAQ:CCSI) from a hold rating to a buy rating in a research report report published on Saturday morning.

Consensus Cloud Solutions Stock Performance

NASDAQ:CCSI opened at $21.47 on Friday. The stock has a fifty day moving average price of $22.23 and a 200-day moving average price of $23.29. The company has a market cap of $419.52 million, a price-to-earnings ratio of 4.97 and a beta of 1.50. Consensus Cloud Solutions has a fifty-two week low of $17.84 and a fifty-two week high of $32.10.

Hedge Funds Weigh In On Consensus Cloud Solutions

Institutional investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC acquired a new position in shares of Consensus Cloud Solutions during the 1st quarter worth $287,000. Exchange Traded Concepts LLC raised its holdings in shares of Consensus Cloud Solutions by 4,751.3% during the 1st quarter. Exchange Traded Concepts LLC now owns 14,748 shares of the company’s stock worth $340,000 after buying an additional 14,444 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Consensus Cloud Solutions by 2,327.5% during the 1st quarter. GAMMA Investing LLC now owns 37,020 shares of the company’s stock worth $854,000 after buying an additional 35,495 shares in the last quarter. Cerity Partners LLC raised its holdings in shares of Consensus Cloud Solutions by 3.6% during the 1st quarter. Cerity Partners LLC now owns 59,118 shares of the company’s stock worth $1,364,000 after buying an additional 2,049 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Consensus Cloud Solutions during the 4th quarter worth $81,000. Institutional investors and hedge funds own 93.93% of the company’s stock.

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.