Wall Street Zen Downgrades Consensus Cloud Solutions (NASDAQ:CCSI) to Hold

Consensus Cloud Solutions (NASDAQ:CCSI) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research report issued on Saturday.

Consensus Cloud Solutions Trading Down 2.3%

CCSI stock opened at $23.13 on Friday. The stock has a 50-day moving average price of $22.31 and a 200-day moving average price of $23.55. Consensus Cloud Solutions has a 1-year low of $15.93 and a 1-year high of $32.10. The firm has a market cap of $451.86 million, a PE ratio of 5.35 and a beta of 1.50.

Hedge Funds Weigh In On Consensus Cloud Solutions

Several institutional investors have recently added to or reduced their stakes in CCSI. Strs Ohio bought a new stake in shares of Consensus Cloud Solutions in the 1st quarter valued at $134,000. Acadian Asset Management LLC increased its stake in shares of Consensus Cloud Solutions by 117.8% in the 1st quarter. Acadian Asset Management LLC now owns 15,416 shares of the company’s stock valued at $354,000 after acquiring an additional 8,339 shares in the last quarter. Jane Street Group LLC bought a new stake in Consensus Cloud Solutions in the first quarter valued at $632,000. Jones Financial Companies Lllp increased its stake in Consensus Cloud Solutions by 149,428.6% in the first quarter. Jones Financial Companies Lllp now owns 10,467 shares of the company’s stock valued at $242,000 after purchasing an additional 10,460 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Consensus Cloud Solutions in the first quarter valued at $362,000. 93.93% of the stock is owned by institutional investors and hedge funds.

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.