Oppenheimer Boosts Consensus Cloud Solutions (NASDAQ:CCSI) Price Target to $27.00

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target lifted by Oppenheimer from $23.00 to $27.00 in a research note published on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

Several other analysts also recently commented on the company. JPMorgan Chase & Co. downgraded Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and raised their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. BTIG Research raised Consensus Cloud Solutions from a “neutral” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Wednesday, August 21st. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.40.

Consensus Cloud Solutions Stock Up 1.2 %

Consensus Cloud Solutions stock opened at $25.34 on Friday. The company has a market capitalization of $488.99 million, a PE ratio of 5.54 and a beta of 1.38. The firm’s fifty day moving average is $22.43 and its 200 day moving average is $19.93. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $28.09.

Hedge Funds Weigh In On Consensus Cloud Solutions

Several large investors have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its stake in shares of Consensus Cloud Solutions by 437.2% in the second quarter. Marshall Wace LLP now owns 682,669 shares of the company’s stock worth $11,728,000 after purchasing an additional 555,584 shares during the last quarter. Heron Bay Capital Management grew its holdings in Consensus Cloud Solutions by 63.7% during the first quarter. Heron Bay Capital Management now owns 1,100,425 shares of the company’s stock worth $17,453,000 after buying an additional 428,232 shares in the last quarter. AQR Capital Management LLC raised its position in Consensus Cloud Solutions by 115.4% in the 2nd quarter. AQR Capital Management LLC now owns 672,803 shares of the company’s stock valued at $11,041,000 after buying an additional 360,476 shares during the last quarter. Kent Lake Capital LLC bought a new position in Consensus Cloud Solutions during the 1st quarter valued at $2,312,000. Finally, Renaissance Technologies LLC boosted its holdings in Consensus Cloud Solutions by 165.1% during the 2nd quarter. Renaissance Technologies LLC now owns 116,900 shares of the company’s stock worth $2,008,000 after acquiring an additional 72,800 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

About Consensus Cloud Solutions

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.