Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report)’s share price dropped 7% on Monday . The stock traded as low as $32.03 and last traded at $31.6160. Approximately 88,800 shares changed hands during trading, a decline of 52% from the average daily volume of 186,450 shares. The stock had previously closed at $34.00.
Wall Street Analysts Forecast Growth
CCSI has been the subject of several research analyst reports. Wall Street Zen downgraded shares of Consensus Cloud Solutions from a “buy” rating to a “hold” rating in a research note on Saturday. BTIG Research lifted their price target on shares of Consensus Cloud Solutions from $37.00 to $40.00 and gave the company a “buy” rating in a research note on Tuesday, February 17th. Finally, Weiss Ratings raised shares of Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $37.50.
Check Out Our Latest Analysis on Consensus Cloud Solutions
Consensus Cloud Solutions Stock Down 10.3%
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last issued its quarterly earnings data on Thursday, May 7th. The company reported $1.52 EPS for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. The company had revenue of $88.47 million during the quarter, compared to the consensus estimate of $87.34 million. Consensus Cloud Solutions had a net margin of 25.09% and a return on equity of 5,736.13%. Consensus Cloud Solutions has set its Q2 2026 guidance at 1.430-1.530 EPS and its FY 2026 guidance at 5.550-5.950 EPS. As a group, equities analysts anticipate that Consensus Cloud Solutions, Inc. will post 5 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Consensus Cloud Solutions
Large investors have recently bought and sold shares of the business. Quarry LP bought a new position in Consensus Cloud Solutions in the fourth quarter worth approximately $25,000. State of Alaska Department of Revenue purchased a new position in Consensus Cloud Solutions in the fourth quarter worth $46,000. Tower Research Capital LLC TRC grew its holdings in Consensus Cloud Solutions by 40.5% in the second quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company’s stock worth $46,000 after purchasing an additional 570 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Consensus Cloud Solutions by 104.9% in the third quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company’s stock worth $111,000 after purchasing an additional 1,942 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Consensus Cloud Solutions in the second quarter worth $112,000. 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.
Read More
- Five stocks we like better than Consensus Cloud Solutions
- Before the Moon Base Gets Built, These 4 Companies Win
- Industrial Buybacks: Top Homebuilding Supplier Leads Buyback Increases
- 3 Stocks That Win If Inflation Surprises to the Downside
- MercadoLibre Boldly Invests in Growth: Discount Deepens
Receive News & Ratings for Consensus Cloud Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Consensus Cloud Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
