Consensus Cloud Solutions (NASDAQ:CCSI) Price Target Raised to $19.00 at Citigroup

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) had its price target hoisted by analysts at Citigroup from $17.00 to $19.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. Citigroup's price objective indicates a potential downside of 18.77% from the company's previous close.

A number of other research analysts have also weighed in on the stock. BTIG Research raised their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a research note on Monday, November 11th. Wedbush boosted their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. JPMorgan Chase & Co. downgraded shares of Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and boosted their price target for the stock from $19.00 to $21.00 in a research note on Monday, September 9th. Finally, Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an "outperform" rating in a research note 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. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $26.20.

Consensus Cloud Solutions Trading Down 7.3 %

Shares of NASDAQ CCSI traded down $1.83 during trading on Tuesday, reaching $23.39. 162,017 shares of the company traded hands, compared to its average volume of 234,572. The firm's fifty day simple moving average is $22.74 and its 200 day simple moving average is $20.56. The stock has a market cap of $451.43 million, a P/E ratio of 5.12 and a beta of 1.38. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $28.09.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in Consensus Cloud Solutions during the 3rd quarter valued at approximately $29,000. National Bank of Canada FI bought a new stake in Consensus Cloud Solutions during the 2nd quarter valued at approximately $33,000. SG Americas Securities LLC bought a new stake in Consensus Cloud Solutions during the 3rd quarter valued at approximately $148,000. CWM LLC lifted its position in shares of Consensus Cloud Solutions by 388.4% in the 2nd quarter. CWM LLC now owns 8,792 shares of the company's stock worth $151,000 after acquiring an additional 6,992 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Consensus Cloud Solutions in the 3rd quarter worth approximately $242,000. 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.