14,268 Shares in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,268 shares of the company's stock, valued at approximately $340,000. Proficio Capital Partners LLC owned 0.07% of Consensus Cloud Solutions at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. 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 holdings 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 buying an additional 653 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Consensus Cloud Solutions in the 4th quarter valued at approximately $42,000. SG Americas Securities LLC lifted its holdings 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 purchasing an additional 1,240 shares during the last quarter. Finally, DGS Capital Management LLC acquired a new stake in Consensus Cloud Solutions during the 3rd quarter valued at $209,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

Consensus Cloud Solutions Trading Up 1.9 %

Consensus Cloud Solutions stock traded up $0.44 during midday trading on Friday, reaching $23.87. The company's stock had a trading volume of 125,792 shares, compared to its average volume of 184,235. Consensus Cloud Solutions, Inc. has a 52 week low of $11.62 and a 52 week high of $32.10. The business has a 50-day moving average price of $26.19 and a 200-day moving average price of $24.35. The stock has a market cap of $466.09 million, a PE ratio of 5.17 and a beta of 1.45.

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Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.10). The firm had revenue of $86.98 million for 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%. As a group, research analysts predict that Consensus Cloud Solutions, Inc. will post 5.17 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Consensus Cloud Solutions 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.