BTIG Research Issues Positive Forecast for Consensus Cloud Solutions (NASDAQ:CCSI) Stock Price

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target hoisted by BTIG Research from $30.00 to $32.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other analysts also recently issued reports on CCSI. Oppenheimer increased their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. cut Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and increased their target price for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Finally, Wedbush raised their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.40.

Consensus Cloud Solutions Price Performance

NASDAQ CCSI opened at $25.14 on Monday. Consensus Cloud Solutions has a 12 month low of $11.62 and a 12 month high of $28.09. The company has a 50-day moving average of $22.50 and a 200-day moving average of $20.11. The company has a market cap of $485.20 million, a P/E ratio of 5.45 and a beta of 1.38.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Capital Performance Advisors LLP acquired a new position in Consensus Cloud Solutions during the third quarter worth about $29,000. National Bank of Canada FI acquired a new stake in Consensus Cloud Solutions during the 2nd quarter worth about $33,000. SG Americas Securities LLC acquired a new stake in shares of Consensus Cloud Solutions during the 3rd quarter valued at about $148,000. CWM LLC lifted its holdings in shares of Consensus Cloud Solutions by 388.4% during the 2nd quarter. CWM LLC now owns 8,792 shares of the company’s stock valued at $151,000 after buying an additional 6,992 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Consensus Cloud Solutions during the 2nd quarter valued at about $188,000. 93.93% of the stock is owned by institutional investors and hedge funds.

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.