Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report) gapped down prior to trading on Thursday . The stock had previously closed at $38.03, but opened at $36.70. Consensus Cloud Solutions shares last traded at $36.7070, with a volume of 6,055 shares changing hands.
Wall Street Analysts Forecast Growth
CCSI has been the subject of a number of recent research reports. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research report on Tuesday, August 4th. BTIG Research boosted their target price on Consensus Cloud Solutions from $45.00 to $50.00 and gave the company a “buy” rating in a report on Monday, August 10th. Finally, Oppenheimer upped their price target on Consensus Cloud Solutions from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday, August 10th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Consensus Cloud Solutions has an average rating of “Moderate Buy” and an average price target of $41.67.
Read Our Latest Research Report on CCSI
Consensus Cloud Solutions Trading Down 2.8%
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.48 by $0.01. The firm had revenue of $91.36 million during the quarter, compared to analysts’ expectations of $89.63 million. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. 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 forecast that Consensus Cloud Solutions, Inc. will post 5.03 earnings per share for the current fiscal year.
Insider Activity at Consensus Cloud Solutions
In other news, CTO Jeffrey Sullivan sold 5,400 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $37.70, for a total value of $203,580.00. Following the completion of the sale, the chief technology officer directly owned 114,968 shares of the company’s stock, valued at $4,334,293.60. This trade represents a 4.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.65% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CCSI. Jupiter Topco LLC purchased a new position in shares of Consensus Cloud Solutions in the 2nd quarter valued at about $94,988,000. Heron Bay Capital Management acquired a new position in Consensus Cloud Solutions during the second quarter worth about $70,076,000. BlackRock Inc. acquired a new position in Consensus Cloud Solutions during the second quarter worth about $52,676,000. LSV Asset Management increased its holdings in 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 buying an additional 321,200 shares in the last quarter. Finally, Rice Hall James & Associates LLC purchased a new position in Consensus Cloud Solutions in the second quarter valued at about $7,855,000. Hedge funds and other institutional investors own 93.93% of the company’s stock.
Consensus Cloud Solutions Company Profile
Consensus Cloud Solutions, Inc is a provider of secure cloud-based information-exchange and communication services. The company helps organizations transmit, manage and access sensitive information through digital platforms designed for regulated industries and other businesses with demanding privacy and security requirements.
Its offerings include cloud fax and electronic document-delivery services, along with related communications and workflow tools. The company’s solutions are used by healthcare organizations, businesses and government entities to exchange documents and data while supporting compliance, integration and operational efficiency.
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