Consensus Cloud Solutions (NASDAQ:CCSI) Given New $20.00 Price Target at Citigroup

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target increased by Citigroup from $19.00 to $20.00 in a report published on Friday,Benzinga reports. Citigroup currently has a sell rating on the stock.

Several other research analysts have also recently issued reports on CCSI. BTIG Research increased their price target on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Wedbush increased their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. Finally, Oppenheimer boosted their price target on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $26.40.

Consensus Cloud Solutions Trading Up 1.5 %

Shares of NASDAQ CCSI opened at $25.07 on Friday. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $27.79. The company has a market cap of $483.85 million, a PE ratio of 5.49 and a beta of 1.41. The stock has a 50 day simple moving average of $24.47 and a 200-day simple moving average of $22.34.

Institutional Trading of Consensus Cloud Solutions

Institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in Consensus Cloud Solutions by 4.8% in the second quarter. Rhumbline Advisers now owns 30,358 shares of the company’s stock worth $522,000 after acquiring an additional 1,379 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new position in shares of Consensus Cloud Solutions in the 2nd quarter worth approximately $188,000. Renaissance Technologies LLC grew its stake in shares of Consensus Cloud Solutions by 165.1% in the 2nd quarter. Renaissance Technologies LLC now owns 116,900 shares of the company’s stock worth $2,008,000 after purchasing an additional 72,800 shares during the last quarter. Sei Investments Co. lifted its stake in Consensus Cloud Solutions by 18.5% during the second quarter. Sei Investments Co. now owns 17,594 shares of the company’s stock valued at $302,000 after purchasing an additional 2,751 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in Consensus Cloud Solutions by 437.2% during the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock worth $11,728,000 after buying an additional 555,584 shares in the last quarter. 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.