Denali Advisors LLC boosted its holdings in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 36.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 204,932 shares of the company's stock after acquiring an additional 55,174 shares during the quarter. Denali Advisors LLC owned 1.06% of Consensus Cloud Solutions worth $4,890,000 at the end of the most recent quarter.
A number of other institutional investors have also recently added to or reduced their stakes in CCSI. Capital Performance Advisors LLP bought a new stake in Consensus Cloud Solutions during the 3rd quarter worth approximately $29,000. GAMMA Investing LLC boosted its stake 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 valued at $36,000 after purchasing an additional 653 shares during the last quarter. R Squared Ltd bought a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at $42,000. SG Americas Securities LLC boosted its stake in shares of Consensus Cloud Solutions by 19.8% in the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock valued at $179,000 after purchasing an additional 1,240 shares during the last quarter. Finally, DGS Capital Management LLC bought a new stake in shares of Consensus Cloud Solutions in the 3rd quarter valued at $209,000. 93.93% of the stock is owned by institutional investors.
Consensus Cloud Solutions Price Performance
Shares of Consensus Cloud Solutions stock traded down $0.05 during trading on Friday, reaching $26.17. 149,926 shares of the company traded hands, compared to its average volume of 129,144. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The company has a 50 day moving average price of $26.14 and a 200-day moving average price of $24.12. The firm has a market capitalization of $511.00 million, a PE ratio of 5.66 and a beta of 1.45.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.19 by ($0.10). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 83.93%. The company had revenue of $86.98 million for the quarter, compared to analyst estimates of $85.07 million. Equities research analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
CCSI has been the topic of a number of analyst reports. Wedbush upped their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Citigroup upped their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a "sell" rating in a research note on Friday, January 17th. BTIG Research upped their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Finally, Oppenheimer upped their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a research note on Thursday, February 20th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $27.40.
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About Consensus Cloud Solutions
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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.
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