Citigroup Forecasts Strong Price Appreciation for Consensus Cloud Solutions (NASDAQ:CCSI) Stock

Consensus Cloud Solutions (NASDAQ:CCSI - Free Report) had its price target boosted by Citigroup from $19.00 to $20.00 in a research report sent to investors on Friday,Benzinga reports. The brokerage currently has a sell rating on the stock.

A number of other research analysts have also recently commented on CCSI. BTIG Research upped their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Wedbush increased their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. Finally, Oppenheimer increased 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 investment analysts have rated the stock with a sell rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $26.40.

Consensus Cloud Solutions Trading Up 1.5 %

NASDAQ CCSI traded up $0.38 during trading hours on Friday, reaching $25.07. The company had a trading volume of 118,606 shares, compared to its average volume of 80,256. The stock has a 50-day moving average of $24.47 and a 200 day moving average of $22.40. Consensus Cloud Solutions has a 1-year low of $11.62 and a 1-year high of $27.79. The stock has a market capitalization of $483.85 million, a P/E ratio of 5.49 and a beta of 1.41.

Institutional Trading of Consensus Cloud Solutions

A number of large investors have recently made changes to their positions in CCSI. Capital Performance Advisors LLP purchased a new position in shares of Consensus Cloud Solutions during the third quarter worth approximately $29,000. GAMMA Investing LLC boosted its position in shares of 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 in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Consensus Cloud Solutions in the 3rd quarter worth about $148,000. Massachusetts Financial Services Co. MA purchased a new stake in shares of Consensus Cloud Solutions in the 2nd quarter worth about $188,000. Finally, DGS Capital Management LLC purchased a new stake in shares of Consensus Cloud Solutions in the 3rd quarter worth about $209,000. 93.93% of the stock is currently owned by hedge funds and other institutional investors.

About Consensus Cloud Solutions

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.