Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $37.33, but opened at $34.76. Consensus Cloud Solutions shares last traded at $36.0550, with a volume of 25,088 shares trading hands.
Analyst Ratings Changes
Several research analysts recently issued reports on the stock. BTIG Research increased their price target on shares of Consensus Cloud Solutions from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Friday, July 24th. Oppenheimer upped their price objective on Consensus Cloud Solutions from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Wall Street Zen raised Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Sunday, May 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research report on Tuesday. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $38.33.
View Our Latest Analysis on CCSI
Consensus Cloud Solutions Trading Down 3.4%
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.01. Consensus Cloud Solutions had a net margin of 25.09% and a return on equity of 5,736.13%. The business had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $89.63 million. Consensus Cloud Solutions has set its Q3 2026 guidance at 1.340-1.440 EPS and its FY 2026 guidance at 5.550-5.950 EPS. As a group, sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current fiscal year.
Insider Buying and Selling at Consensus Cloud Solutions
In other news, Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $34.27, for a total value of $137,080.00. Following the completion of the transaction, the director owned 27,658 shares in the company, valued at approximately $947,839.66. The trade was a 12.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 3.65% of the company’s stock.
Institutional Investors Weigh In On Consensus Cloud Solutions
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. LSV Asset Management increased its holdings in shares of Consensus Cloud Solutions by 81.2% in the fourth quarter. LSV Asset Management now owns 716,585 shares of the company’s stock valued at $15,636,000 after purchasing an additional 321,200 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Consensus Cloud Solutions by 127,106.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 129,751 shares of the company’s stock worth $2,831,000 after buying an additional 129,649 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Consensus Cloud Solutions by 239.3% during the 3rd quarter. Russell Investments Group Ltd. now owns 170,445 shares of the company’s stock worth $5,006,000 after buying an additional 120,205 shares in the last quarter. Kent Lake PR LLC boosted its position in Consensus Cloud Solutions by 92.6% in the 2nd quarter. Kent Lake PR LLC now owns 250,000 shares of the company’s stock valued at $5,765,000 after buying an additional 120,200 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in Consensus Cloud Solutions by 4.0% in the 1st quarter. Janus Henderson Group PLC now owns 2,468,048 shares of the company’s stock valued at $58,591,000 after buying an additional 95,973 shares during the last quarter. 93.93% of the stock is owned by institutional investors and hedge funds.
Consensus Cloud Solutions Company Profile
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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