Consensus Cloud Solutions (NASDAQ:CCSI) Price Target Raised to $20.00 at Citigroup

Consensus Cloud Solutions (NASDAQ:CCSI) had its price objective boosted by Citigroup from $19.00 to $20.00 in a report issued on Friday morning,Benzinga reports. Citigroup currently has a sell rating on the stock.

A number of other brokerages have also issued reports on CCSI. Oppenheimer upped their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Wedbush increased their target price on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, BTIG Research lifted their target price 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. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $26.40.

Consensus Cloud Solutions Price Performance

CCSI opened at $25.07 on Friday. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $27.79. The stock has a market capitalization of $483.85 million, a PE ratio of 5.49 and a beta of 1.41. The firm’s fifty day moving average price is $24.47 and its 200 day moving average price is $22.34.

Institutional Investors Weigh In On Consensus Cloud Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new position in shares of Consensus Cloud Solutions during the third quarter valued at approximately $29,000. GAMMA Investing LLC boosted its position in Consensus Cloud Solutions by 74.9% during the 4th 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. SG Americas Securities LLC bought a new position in Consensus Cloud Solutions during the 3rd quarter worth $148,000. DGS Capital Management LLC bought a new position in Consensus Cloud Solutions during the 3rd quarter worth $209,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Consensus Cloud Solutions in the third quarter worth $242,000. Institutional investors and hedge funds 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.