BTIG Research Increases Consensus Cloud Solutions (NASDAQ:CCSI) Price Target to $40.00

Consensus Cloud Solutions (NASDAQ:CCSI) had its price target lifted by BTIG Research from $37.00 to $40.00 in a research note issued on Tuesday, Marketbeat reports. The firm presently has a “buy” rating on the stock. BTIG Research’s price target would indicate a potential upside of 41.14% from the company’s current price.

A number of other analysts also recently commented on the stock. Wall Street Zen upgraded shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Wedbush boosted their target price on Consensus Cloud Solutions from $26.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Consensus Cloud Solutions in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $35.67.

Consensus Cloud Solutions Stock Down 1.3%

CCSI opened at $28.34 on Tuesday. The stock’s 50 day moving average price is $23.15 and its 200 day moving average price is $24.81. The company has a debt-to-equity ratio of 40.03, a current ratio of 1.79 and a quick ratio of 1.84. The stock has a market cap of $534.78 million, a P/E ratio of 6.51 and a beta of 1.55. Consensus Cloud Solutions has a 12 month low of $17.84 and a 12 month high of $30.23.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its quarterly earnings results on Monday, February 9th. The company reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.10. Consensus Cloud Solutions had a negative return on equity of 579.06% and a net margin of 24.17%.The company had revenue of $87.07 million during the quarter, compared to analysts’ expectations of $86.62 million. As a group, research analysts predict that Consensus Cloud Solutions will post 5.17 earnings per share for the current year.

Institutional Investors Weigh In On Consensus Cloud Solutions

Several large investors have recently modified their holdings of CCSI. Quarry LP acquired a new stake in shares of Consensus Cloud Solutions during the fourth quarter worth $25,000. State of Alaska Department of Revenue purchased a new position in Consensus Cloud Solutions in the 4th quarter worth about $46,000. Tower Research Capital LLC TRC raised its holdings 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 buying an additional 570 shares during the period. BNP Paribas Financial Markets lifted its stake in Consensus Cloud Solutions by 104.9% during 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 in the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Consensus Cloud Solutions during the second quarter valued at about $112,000. 93.93% of the stock is owned by 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.