Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating)'s share price gapped up prior to trading on Monday . The stock had previously closed at 52.61, but opened at 54.10. Consensus Cloud Solutions shares last traded at 53.44, with a volume of 737 shares changing hands.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. began coverage on Consensus Cloud Solutions in a report on Monday, November 21st. They issued a "neutral" rating and a $54.00 price target on the stock.
Get Consensus Cloud Solutions alerts:Consensus Cloud Solutions Price Performance
The firm has a 50 day simple moving average of 55.59 and a two-hundred day simple moving average of 51.57. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 17.07 and a beta of 1.32.
Hedge Funds Weigh In On Consensus Cloud Solutions
Hedge funds have recently added to or reduced their stakes in the stock. S&T Bank PA acquired a new position in Consensus Cloud Solutions in the first quarter valued at about $1,703,000. KBC Group NV acquired a new stake in shares of Consensus Cloud Solutions during the second quarter worth about $63,000. NN Investment Partners Holdings N.V. acquired a new stake in shares of Consensus Cloud Solutions during the first quarter worth about $914,000. Los Angeles Capital Management LLC raised its position in shares of Consensus Cloud Solutions by 2.2% during the second quarter. Los Angeles Capital Management LLC now owns 15,948 shares of the company's stock worth $697,000 after purchasing an additional 340 shares during the period. Finally, Nordea Investment Management AB acquired a new stake in shares of Consensus Cloud Solutions during the second quarter worth about $19,035,000. Institutional investors and hedge funds own 88.47% of the company's stock.Consensus Cloud Solutions Company Profile
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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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