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

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) had its target price raised by equities research analysts at Oppenheimer from $27.00 to $32.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Oppenheimer's target price points to a potential upside of 24.90% from the company's previous close.

CCSI has been the topic of a number of other research reports. Citigroup lifted 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. BTIG Research lifted their price objective on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Finally, Wedbush lifted their price objective on Consensus Cloud Solutions from $24.00 to $32.00 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's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $27.40.

Consensus Cloud Solutions Stock Performance

Shares of NASDAQ:CCSI traded up $0.02 during trading on Thursday, reaching $25.62. The stock had a trading volume of 290,953 shares, compared to its average volume of 119,825. The business has a fifty day moving average price of $25.89 and a 200-day moving average price of $23.88. The stock has a market cap of $494.49 million, a PE ratio of 5.55 and a beta of 1.45. Consensus Cloud Solutions has a 1-year low of $11.62 and a 1-year high of $32.10.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last issued its quarterly 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). The firm had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 76.49% and a net margin of 25.52%. Sell-side analysts expect that Consensus Cloud Solutions will post 5.17 earnings per share for the current year.

Institutional Investors Weigh In On Consensus Cloud Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in Consensus Cloud Solutions in the third quarter valued at $29,000. GAMMA Investing LLC raised its position in Consensus Cloud Solutions by 74.9% in the fourth 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 period. R Squared Ltd purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at $42,000. AlphaQuest LLC raised its position in 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 during the period. Finally, Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions in the fourth quarter valued at $81,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

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.