Consensus Cloud Solutions (NASDAQ:CCSI) Stock Price Expected to Rise, Wedbush Analyst Says

Consensus Cloud Solutions (NASDAQ:CCSI) had its price objective hoisted by Wedbush from $26.00 to $35.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Wedbush’s price objective would suggest a potential upside of 42.97% from the stock’s previous close.

A number of other research analysts also recently issued reports on CCSI. Weiss Ratings reiterated a “hold (c)” rating on shares of Consensus Cloud Solutions in a report on Wednesday, October 8th. Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a report on Saturday, July 26th. Three equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $29.75.

Consensus Cloud Solutions Trading Down 2.0%

NASDAQ:CCSI opened at $24.48 on Thursday. Consensus Cloud Solutions has a 1 year low of $17.84 and a 1 year high of $32.10. The firm has a market capitalization of $464.56 million, a PE ratio of 5.81 and a beta of 1.53. The firm’s fifty day simple moving average is $27.56 and its 200 day simple moving average is $24.26.

Consensus Cloud Solutions (NASDAQ:CCSI) last announced its quarterly earnings data on Wednesday, November 5th. The company reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.02. The firm had revenue of $87.77 million during the quarter, compared to analysts’ expectations of $87.58 million. Consensus Cloud Solutions had a negative return on equity of 234.27% and a net margin of 23.48%. Consensus Cloud Solutions has set its Q4 2025 guidance at 1.270-1.370 EPS. As a group, analysts anticipate that Consensus Cloud Solutions will post 5.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Heron Bay Capital Management lifted its stake in shares of Consensus Cloud Solutions by 21.3% in the 2nd quarter. Heron Bay Capital Management now owns 1,178,746 shares of the company’s stock valued at $27,182,000 after purchasing an additional 207,072 shares during the period. Kent Lake PR LLC grew its position in shares of Consensus Cloud Solutions by 92.6% in the 2nd quarter. Kent Lake PR LLC now owns 250,000 shares of the company’s stock worth $5,765,000 after buying an additional 120,200 shares during the period. New South Capital Management Inc. lifted its holdings in shares of Consensus Cloud Solutions by 38.6% during the third quarter. New South Capital Management Inc. now owns 429,574 shares of the company’s stock valued at $12,617,000 after purchasing an additional 119,580 shares during the last quarter. Gates Capital Management Inc. boosted its position in shares of Consensus Cloud Solutions by 4.8% in the 1st quarter. Gates Capital Management Inc. now owns 1,691,368 shares of the company’s stock worth $39,037,000 after purchasing an additional 77,867 shares in the last quarter. Finally, Hillsdale Investment Management Inc. boosted its position in shares of Consensus Cloud Solutions by 61.1% in the 2nd quarter. Hillsdale Investment Management Inc. now owns 141,594 shares of the company’s stock worth $3,265,000 after purchasing an additional 53,700 shares in the last quarter. Hedge funds and other institutional investors own 93.93% of the company’s stock.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.