Key Points
- Director Elaine Healy sold 4,000 shares of Consensus Cloud Solutions (NASDAQ:CCSI) on June 2 at an average price of $34.27, totaling about $137,080. After the sale, she still held 27,658 shares, a 12.64% reduction in her position.
- CCSI shares rose 2.0% and opened at $34.36, trading near the upper end of its 12-month range of $19.42 to $37.30. The stock also remains above both its 50-day and 200-day moving averages.
- The company beat quarterly expectations, reporting $1.52 EPS versus the $1.40 consensus estimate and revenue of $88.47 million. Analysts currently rate the stock a Moderate Buy with a consensus target price of $36.67.
Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) Director Elaine Healy sold 4,000 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $34.27, for a total value of $137,080.00. Following the completion of the transaction, the director owned 27,658 shares in the company, valued at approximately $947,839.66. The trade was a 12.64% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.
Consensus Cloud Solutions Stock Up 2.0%
CCSI stock opened at $34.36 on Friday. Consensus Cloud Solutions, Inc. has a twelve month low of $19.42 and a twelve month high of $37.30. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 24.99. The stock's 50 day moving average is $27.64 and its 200-day moving average is $25.66. The firm has a market capitalization of $632.22 million, a PE ratio of 7.50 and a beta of 1.59.
Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last posted its earnings results on Thursday, May 7th. The company reported $1.52 earnings per share for the quarter, beating analysts' consensus estimates of $1.40 by $0.12. Consensus Cloud Solutions had a return on equity of 5,736.13% and a net margin of 25.09%.The company had revenue of $88.47 million for the quarter, compared to analyst estimates of $87.34 million. Consensus Cloud Solutions has set its Q2 2026 guidance at 1.430-1.530 EPS and its FY 2026 guidance at 5.550-5.950 EPS. Sell-side analysts expect that Consensus Cloud Solutions, Inc. will post 5.08 EPS for the current fiscal year.
Institutional Investors Weigh In On Consensus Cloud Solutions
Several large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Consensus Cloud Solutions by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,810 shares of the company's stock worth $249,000 after purchasing an additional 468 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Consensus Cloud Solutions by 4.3% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 11,499 shares of the company's stock worth $245,000 after purchasing an additional 473 shares during the period. First Trust Advisors LP raised its holdings in Consensus Cloud Solutions by 0.9% in the 3rd quarter. First Trust Advisors LP now owns 58,614 shares of the company's stock worth $1,721,000 after purchasing an additional 504 shares during the period. Franklin Resources Inc. raised its holdings in Consensus Cloud Solutions by 3.9% in the 3rd quarter. Franklin Resources Inc. now owns 14,066 shares of the company's stock worth $413,000 after purchasing an additional 529 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Consensus Cloud Solutions by 40.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 1,978 shares of the company's stock worth $46,000 after purchasing an additional 570 shares during the period. Institutional investors own 93.93% of the company's stock.
Analysts Set New Price Targets
A number of analysts have issued reports on CCSI shares. BTIG Research raised their target price on Consensus Cloud Solutions from $37.00 to $40.00 and gave the stock a "buy" rating in a research report on Tuesday, February 17th. Weiss Ratings raised Consensus Cloud Solutions from a "hold (c)" rating to a "hold (c+)" rating in a research report on Thursday, May 7th. Oppenheimer raised their target price on Consensus Cloud Solutions from $32.00 to $35.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 12th. Finally, Wall Street Zen raised Consensus Cloud Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, May 17th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $36.67.
View Our Latest Analysis on Consensus Cloud Solutions
Consensus Cloud Solutions Company Profile
(
Get Free Report)
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
