Shares of Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) gapped down prior to trading on Friday . The stock had previously closed at 58.85, but opened at 56.61. Consensus Cloud Solutions shares last traded at 56.64, with a volume of 90 shares.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. started coverage on Consensus Cloud Solutions in a report on Monday, November 21st. They set a "neutral" rating and a $54.00 target price on the stock.
Get Consensus Cloud Solutions alerts:Consensus Cloud Solutions Stock Down 7.5 %
The stock has a market capitalization of $1.04 billion, a PE ratio of 17.08 and a beta of 1.32. The firm's fifty day moving average is 55.39 and its 200-day moving average is 51.51.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Consensus Cloud Solutions in the 1st quarter valued at $152,334,000. Vanguard Group Inc. acquired a new position in shares of Consensus Cloud Solutions in the 1st quarter valued at about $104,765,000. Gates Capital Management Inc. acquired a new position in Consensus Cloud Solutions during the 1st quarter valued at about $56,532,000. Cardinal Capital Management LLC CT acquired a new position in Consensus Cloud Solutions during the 3rd quarter valued at about $32,156,000. Finally, State Street Corp acquired a new position in Consensus Cloud Solutions during the 1st quarter valued at about $38,562,000. 88.47% of the stock is owned by hedge funds and other institutional investors.About Consensus Cloud Solutions
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Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. Its products and solutions include eFax, an online faxing solution, as well as MyFax, MetroFax, Sfax, SRfax, and other brands; eFax Corporate, a digital cloud-fax technology; jsign, which provides electronic and digital signature solutions; Unite, a single platform that allows the user to choose between several protocols to send and receive healthcare information in an environment that can integrate into an existing electronic health record (EHR) system or stand-alone if no EHR is present; Signal, a solution that integrates with a hospital's EHR system and uses rules-based triggering logic to automatically send admit, discharge, and transfer notifications using cloud fax and direct secure messaging technology; and Clarity that transforms unstructured documents into structured actionable data.
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