Consensus Cloud Solutions, Inc. (NASDAQ:CCSI – Get Rating) shares saw unusually-high trading volume on Friday . Approximately 84,138 shares traded hands during mid-day trading, an increase of 25% from the previous session's volume of 67,558 shares.The stock last traded at $59.84 and had previously closed at $59.80.
Analysts Set New Price Targets
Separately, JPMorgan Chase & Co. initiated coverage on Consensus Cloud Solutions in a report on Monday, November 21st. They issued a "neutral" rating and a $54.00 price objective for the company.
Get Consensus Cloud Solutions alerts:Consensus Cloud Solutions Trading Down 1.0 %
The company has a market cap of $1.17 billion, a price-to-earnings ratio of 19.22 and a beta of 1.31. The business has a fifty day moving average of $56.00 and a two-hundred day moving average of $54.10.
Consensus Cloud Solutions (NASDAQ:CCSI – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.86 earnings per share for the quarter, missing analysts' consensus estimates of $1.07 by ($0.21). The business had revenue of $95.91 million during the quarter, compared to analyst estimates of $96.41 million. Consensus Cloud Solutions had a negative return on equity of 30.15% and a net margin of 16.73%. On average, research analysts forecast that Consensus Cloud Solutions, Inc. will post 3.66 EPS for the current fiscal year.Hedge Funds Weigh In On Consensus Cloud Solutions
Hedge funds have recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $25,000. Yarbrough Capital LLC acquired a new position in shares of Consensus Cloud Solutions during the fourth quarter valued at approximately $37,000. Captrust Financial Advisors acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $47,000. PNC Financial Services Group Inc. acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $59,000. Finally, US Bancorp DE acquired a new position in shares of Consensus Cloud Solutions during the first quarter valued at approximately $64,000. Institutional investors and hedge funds own 92.79% 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.
Further Reading
- Get a free copy of the StockNews.com research report on Consensus Cloud Solutions (CCSI)
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