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

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target raised by equities researchers at Citigroup from $17.00 to $19.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “sell” rating on the stock. Citigroup’s price objective would suggest a potential downside of 22.70% from the company’s current price.

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 boosted their target price on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. BTIG Research lifted their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their price objective for the stock from $19.00 to $21.00 in a research report on Monday, September 9th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Consensus Cloud Solutions presently has an average rating of “Hold” and an average target price of $26.20.

Consensus Cloud Solutions Trading Down 2.5 %

Shares of NASDAQ:CCSI traded down $0.64 on Tuesday, hitting $24.58. The company had a trading volume of 58,003 shares, compared to its average volume of 234,107. The company has a market cap of $474.39 million, a PE ratio of 5.38 and a beta of 1.38. The business has a 50 day moving average of $22.71 and a 200 day moving average of $20.48. Consensus Cloud Solutions has a 52-week low of $11.62 and a 52-week high of $28.09.

Institutional Investors Weigh In On Consensus Cloud Solutions

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in Consensus Cloud Solutions by 1.3% in the third quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock worth $9,920,000 after purchasing an additional 5,299 shares during the period. Barclays PLC boosted its holdings in Consensus Cloud Solutions by 275.8% in the third quarter. Barclays PLC now owns 23,618 shares of the company’s stock worth $556,000 after acquiring an additional 17,333 shares in the last quarter. Virtus Fund Advisers LLC acquired a new stake in Consensus Cloud Solutions in the third quarter valued at approximately $327,000. Virtus Investment Advisers Inc. bought a new stake in shares of Consensus Cloud Solutions during the third quarter valued at approximately $346,000. Finally, State Street Corp raised its position in shares of Consensus Cloud Solutions by 15.1% during the third quarter. State Street Corp now owns 450,415 shares of the company’s stock worth $10,607,000 after purchasing an additional 59,219 shares during the period. 93.93% of the stock is currently 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.