Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report) shares hit a new 52-week high during trading on Monday . The stock traded as high as $37.56 and last traded at $37.8550, with a volume of 6925 shares trading hands. The stock had previously closed at $36.72.
Analysts Set New Price Targets
A number of brokerages recently commented on CCSI. Wall Street Zen raised Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Weiss Ratings raised Consensus Cloud Solutions from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Finally, Oppenheimer upped their target price on Consensus Cloud Solutions from $32.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 12th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $36.67.
View Our Latest Report on CCSI
Consensus Cloud Solutions Stock Up 3.0%
Consensus Cloud Solutions (NASDAQ:CCSI – Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.40 by $0.12. The business had revenue of $88.47 million during the quarter, compared to the consensus estimate of $87.34 million. Consensus Cloud Solutions had a return on equity of 5,736.13% and a net margin of 25.09%.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. Sell-side analysts predict that Consensus Cloud Solutions, Inc. will post 5.08 earnings per share for the current fiscal year.
Insider Activity
In related 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 owned 27,658 shares in the company, valued at approximately $947,839.66. This represents a 12.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.65% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Consensus Cloud Solutions
A number of hedge funds have recently bought and sold shares of CCSI. Quarry LP purchased a new stake in shares of Consensus Cloud Solutions in the fourth quarter valued at about $25,000. Tower Research Capital LLC TRC boosted its holdings in 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 worth $46,000 after purchasing an additional 570 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in Consensus Cloud Solutions in the 4th quarter worth about $46,000. BNP Paribas Financial Markets grew 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 worth $111,000 after purchasing an additional 1,942 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions in the 2nd quarter valued at about $112,000. 93.93% of the stock is owned by hedge funds and other institutional investors.
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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