Ieq Capital LLC purchased a new position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,997 shares of the company's stock, valued at approximately $596,000. Ieq Capital LLC owned 0.13% of Consensus Cloud Solutions as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in CCSI. GAMMA Investing LLC increased its position in shares of Consensus Cloud Solutions by 74.9% during the fourth quarter. GAMMA Investing LLC now owns 1,525 shares of the company's stock valued at $36,000 after buying an additional 653 shares during the period. SG Americas Securities LLC boosted its position in Consensus Cloud Solutions by 19.8% during the 4th quarter. SG Americas Securities LLC now owns 7,509 shares of the company's stock valued at $179,000 after acquiring an additional 1,240 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Consensus Cloud Solutions during the 3rd quarter worth approximately $29,000. Janney Montgomery Scott LLC raised its position in shares of Consensus Cloud Solutions by 4.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 27,553 shares of the company's stock worth $657,000 after acquiring an additional 1,284 shares in the last quarter. Finally, R Squared Ltd purchased a new position in shares of Consensus Cloud Solutions in the 4th quarter valued at approximately $42,000. Institutional investors own 93.93% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on CCSI. Citigroup upped their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a research note on Friday, January 17th. Wedbush lifted their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a research report on Friday, November 8th. BTIG Research upped their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, Oppenheimer lifted their target price on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an "outperform" rating in a report 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 company's stock. According to MarketBeat, Consensus Cloud Solutions presently has a consensus rating of "Hold" and a consensus price target of $27.40.
Check Out Our Latest Analysis on CCSI
Consensus Cloud Solutions Stock Performance
Shares of CCSI traded down $0.05 during trading hours on Friday, hitting $26.17. The company had a trading volume of 149,926 shares, compared to its average volume of 129,144. Consensus Cloud Solutions, Inc. has a 52-week low of $11.62 and a 52-week high of $32.10. The firm has a fifty day moving average price of $26.14 and a 200-day moving average price of $24.15. The stock has a market capitalization of $511.00 million, a price-to-earnings ratio of 5.66 and a beta of 1.45.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last issued its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm had revenue of $86.98 million during the quarter, compared to the consensus estimate of $85.07 million. Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. Research analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.
Consensus Cloud Solutions Company Profile
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Free Report)
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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