Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report) shares were up 0.4% on Wednesday . The stock traded as high as $23.23 and last traded at $22.82. Approximately 212,174 shares traded hands during mid-day trading, an increase of 20% from the average daily volume of 176,437 shares. The stock had previously closed at $22.74.
Analyst Ratings Changes
Several research firms have commented on CCSI. Weiss Ratings reiterated a “hold (c)” rating on shares of Consensus Cloud Solutions in a research report on Wednesday, October 8th. Wedbush increased their price target on shares of Consensus Cloud Solutions from $26.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday, November 6th. Finally, Wall Street Zen upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $29.00.
View Our Latest Research Report on CCSI
Consensus Cloud Solutions Stock Up 0.4%
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported $1.38 EPS for the quarter, beating the consensus estimate of $1.36 by $0.02. Consensus Cloud Solutions had a net margin of 23.48% and a negative return on equity of 234.27%. The company had revenue of $87.77 million for the quarter, compared to the consensus estimate of $87.58 million. Consensus Cloud Solutions has set its Q4 2025 guidance at 1.270-1.370 EPS. On average, analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.
Institutional Trading of Consensus Cloud Solutions
Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake in shares of Consensus Cloud Solutions by 40.5% during the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company’s stock valued at $46,000 after purchasing an additional 570 shares during the period. BNP Paribas Financial Markets boosted its position in Consensus Cloud Solutions by 104.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company’s stock valued at $111,000 after buying an additional 1,942 shares during the period. Quantbot Technologies LP bought a new position in Consensus Cloud Solutions in the 2nd quarter worth about $112,000. Strs Ohio bought a new position in Consensus Cloud Solutions in the 1st quarter worth about $134,000. Finally, Intech Investment Management LLC purchased a new position in shares of Consensus Cloud Solutions during the third quarter worth approximately $218,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.
About Consensus Cloud Solutions
Consensus Cloud Solutions (NASDAQ: CCSI) is a provider of cloud consulting and managed services focused on helping organizations accelerate digital transformation. The company specializes in designing, deploying and supporting cloud architectures that leverage leading public and private cloud platforms, including infrastructure as a service (IaaS), platform as a service (PaaS) and software as a service (SaaS) environments. Its end-to-end approach encompasses strategy, implementation and ongoing optimization to align technology investments with business objectives.
The firm’s core offerings include cloud migration and deployment, application modernization, data analytics and cybersecurity solutions.
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