Consensus Cloud Solutions (NASDAQ:CCSI) Shares Down 5.1% – Here’s Why

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) traded down 5.1% during mid-day trading on Wednesday . The stock traded as low as $34.44 and last traded at $34.2760. Approximately 113,525 shares traded hands during trading, a decline of 36% from the average daily volume of 176,392 shares. The stock had previously closed at $36.13.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CCSI shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Consensus Cloud Solutions in a research report on Tuesday, August 4th. Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, May 17th. Oppenheimer boosted their price objective on shares of Consensus Cloud Solutions from $35.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday, August 10th. Finally, BTIG Research upped their price objective on Consensus Cloud Solutions from $45.00 to $50.00 and gave the stock a “buy” rating in a research note 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. According to MarketBeat, Consensus Cloud Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $41.67.

Consensus Cloud Solutions Trading Up 4.6%

The stock has a 50 day moving average of $37.29 and a 200-day moving average of $32.08. The company has a market capitalization of $643.93 million, a P/E ratio of 7.11 and a beta of 1.57. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 13.19.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its 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. Consensus Cloud Solutions had a net margin of 26.69% and a return on equity of 502.63%. The company had revenue of $91.36 million during the quarter, compared to analyst estimates of $89.63 million. 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, research analysts predict that Consensus Cloud Solutions, Inc. will post 5.03 EPS for the current year.

Insider Activity

In other news, CTO Jeffrey Sullivan sold 5,400 shares of the firm’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $37.70, for a total transaction of $203,580.00. Following the sale, the chief technology officer directly owned 114,968 shares in the company, valued at $4,334,293.60. This trade represents a 4.49% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 3.65% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Consensus Cloud Solutions

A number of institutional investors have recently bought and sold shares of CCSI. Quarry LP bought a new stake in Consensus Cloud Solutions during the fourth quarter valued at about $25,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 570 shares during the period. Legal & General Group Plc bought a new position in shares of Consensus Cloud Solutions in the second quarter worth about $68,000. BNP Paribas Financial Markets grew its position 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 purchasing an additional 1,942 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Consensus Cloud Solutions during the second quarter worth about $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.