Inspire Advisors LLC Buys Shares of 17,272 Consensus Cloud Solutions, Inc. (NASDAQ:CCSI)

Inspire Advisors LLC bought a new stake in shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 17,272 shares of the company’s stock, valued at approximately $412,000.

Several other large investors have also recently bought and sold shares of the stock. AlphaQuest LLC increased its stake in Consensus Cloud Solutions by 451.5% during the 4th quarter. AlphaQuest LLC now owns 2,173 shares of the company’s stock valued at $52,000 after buying an additional 1,779 shares during the period. Raymond James Financial Inc. bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $692,000. New South Capital Management Inc. bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $4,223,000. Proficio Capital Partners LLC bought a new position in shares of Consensus Cloud Solutions during the 4th quarter valued at about $340,000. Finally, Denali Advisors LLC boosted its position in shares of Consensus Cloud Solutions by 36.8% during the 4th quarter. Denali Advisors LLC now owns 204,932 shares of the company’s stock valued at $4,890,000 after purchasing an additional 55,174 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Analysts Set New Price Targets

CCSI has been the subject of several research reports. Citigroup raised their price objective on shares of Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a research report on Friday, January 17th. Oppenheimer raised their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, February 20th. 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, Consensus Cloud Solutions has a consensus rating of “Hold” and a consensus target price of $27.40.

Consensus Cloud Solutions Price Performance

Shares of CCSI opened at $24.06 on Thursday. Consensus Cloud Solutions, Inc. has a one year low of $11.62 and a one year high of $32.10. The company has a 50-day moving average of $26.20 and a two-hundred day moving average of $24.35. The stock has a market cap of $469.80 million, a price-to-earnings ratio of 5.21 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its earnings results on Wednesday, February 19th. The company reported $1.09 EPS for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a negative return on equity of 83.93% and a net margin of 25.52%. The firm had revenue of $86.98 million during the quarter, compared to analyst estimates of $85.07 million. Analysts anticipate that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current year.

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.