Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report)’s share price reached a new 52-week high on Monday . The stock traded as high as $37.56 and last traded at $37.8550, with a volume of 6925 shares. The stock had previously closed at $36.72.
Wall Street Analysts Forecast Growth
Several analysts have recently issued reports on the company. Wall Street Zen upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings upgraded Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Finally, Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $32.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Three investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $36.67.
Check Out Our Latest Stock Report on Consensus Cloud Solutions
Consensus Cloud Solutions Price Performance
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.40 by $0.12. Consensus Cloud Solutions had a return on equity of 5,736.13% and a net margin of 25.09%.The firm had revenue of $88.47 million for the quarter, compared to analyst estimates of $87.34 million. 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 research analysts forecast that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current fiscal year.
Insider Activity
In other news, Director Elaine Healy sold 4,000 shares of the company’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total transaction of $137,080.00. Following the completion of the sale, the director directly owned 27,658 shares in the company, valued at $947,839.66. This represents a 12.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.65% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Consensus Cloud Solutions
A number of institutional investors have recently added to or reduced their stakes in the company. Quarry LP acquired a new position in shares of Consensus Cloud Solutions in the 4th quarter valued at about $25,000. State of Alaska Department of Revenue acquired a new stake in Consensus Cloud Solutions during the 4th quarter worth approximately $46,000. Tower Research Capital LLC TRC raised 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 valued at $46,000 after buying an additional 570 shares during the period. BNP Paribas Financial Markets raised 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 valued at $111,000 after buying an additional 1,942 shares during the period. Finally, Quantbot Technologies LP acquired a new position in Consensus Cloud Solutions during the second quarter valued at approximately $112,000. 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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