Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $37.19, but opened at $38.88. Consensus Cloud Solutions shares last traded at $38.37, with a volume of 5,308 shares trading hands.
Analysts Set New Price Targets
A number of equities analysts have commented on the company. Weiss Ratings restated a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research note on Tuesday, August 4th. Oppenheimer upped their target price on Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Wall Street Zen upgraded Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Finally, BTIG Research increased their target price on Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $41.67.
Check Out Our Latest Research Report on CCSI
Consensus Cloud Solutions Stock Down 1.8%
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 business had revenue of $91.36 million for the quarter, compared to analyst estimates 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. On average, sell-side analysts forecast that Consensus Cloud Solutions, Inc. will post 5.03 EPS for the current fiscal year.
Insiders Place Their Bets
In other Consensus Cloud Solutions news, CTO Jeffrey Alan Sullivan sold 5,400 shares of the firm’s stock in a transaction 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 sale, the chief technology officer owned 114,968 shares of the company’s stock, valued at approximately $4,334,293.60. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions stock in a transaction 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 position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 3.65% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in Consensus Cloud Solutions during the fourth quarter worth about $25,000. State of Alaska Department of Revenue bought a new stake in shares of Consensus Cloud Solutions during the 4th quarter valued at approximately $46,000. Tower Research Capital LLC TRC increased its position in Consensus Cloud Solutions by 40.5% during the 2nd 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 in the last quarter. Legal & General Group Plc acquired a new stake in Consensus Cloud Solutions in the second quarter valued at approximately $68,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Consensus Cloud Solutions by 104.9% during the third quarter. BNP Paribas Financial Markets now owns 3,793 shares of the company’s stock worth $111,000 after buying an additional 1,942 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.
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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