Royce & Associates LP Has $1.28 Million Position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Royce & Associates LP decreased its stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) by 24.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 53,419 shares of the company's stock after selling 17,284 shares during the quarter. Royce & Associates LP owned 0.28% of Consensus Cloud Solutions worth $1,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CCSI. GAMMA Investing LLC boosted its holdings in shares of Consensus Cloud Solutions by 74.9% in the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock worth $36,000 after buying an additional 653 shares during the period. R Squared Ltd acquired a new position in Consensus Cloud Solutions in the 4th quarter worth approximately $42,000. AlphaQuest LLC lifted its holdings in shares of Consensus Cloud Solutions by 451.5% in the fourth quarter. AlphaQuest LLC now owns 2,173 shares of the company's stock valued at $52,000 after purchasing an additional 1,779 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Consensus Cloud Solutions by 19.8% in the fourth quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock worth $179,000 after buying an additional 1,240 shares during the period. Finally, DGS Capital Management LLC purchased a new position in shares of Consensus Cloud Solutions during the third quarter valued at $209,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have commented on CCSI. Citigroup raised their price objective on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research report on Friday, January 17th. Oppenheimer increased their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday, February 20th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $27.40.

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Consensus Cloud Solutions Trading Down 2.5 %

NASDAQ CCSI traded down $0.63 during trading on Tuesday, reaching $24.10. The company's stock had a trading volume of 184,378 shares, compared to its average volume of 159,389. The business has a 50-day moving average price of $26.24 and a 200-day moving average price of $24.40. Consensus Cloud Solutions, Inc. has a 1-year low of $11.62 and a 1-year high of $32.10. The stock 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 - Get Free Report) last issued its quarterly earnings data 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 negative return on equity of 83.93% and a net margin of 25.52%. The business had revenue of $86.98 million during the quarter, compared to the consensus estimate of $85.07 million. As a group, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

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.