Proficio Capital Partners LLC Invests $340,000 in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Proficio Capital Partners LLC bought a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 14,268 shares of the company’s stock, valued at approximately $340,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Consensus Cloud Solutions by 74.9% during the 4th quarter. GAMMA Investing LLC now owns 1,525 shares of the company’s stock valued at $36,000 after acquiring an additional 653 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Consensus Cloud Solutions during the fourth quarter valued at about $42,000. SG Americas Securities LLC increased its position in shares of Consensus Cloud Solutions by 19.8% during the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company’s stock worth $179,000 after acquiring an additional 1,240 shares during the last quarter. DGS Capital Management LLC acquired a new position in shares of Consensus Cloud Solutions in the third quarter worth about $209,000. Finally, Virtus Fund Advisers LLC purchased a new position in Consensus Cloud Solutions in the third quarter valued at about $327,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCSI shares. 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 price objective on 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 company. According to MarketBeat.com, Consensus Cloud Solutions has an average rating of “Hold” and a consensus target price of $27.40.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ CCSI opened at $24.10 on Wednesday. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The business’s fifty day moving average price is $26.24 and its two-hundred day moving average price is $24.41. The firm has a market capitalization of $470.58 million, a PE ratio of 5.22 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last issued its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing analysts’ consensus estimates of $1.19 by ($0.10). The business had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. Equities research analysts expect 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.