GSA Capital Partners LLP Has $695,000 Stock Position in Consensus Cloud Solutions, Inc. $CCSI

GSA Capital Partners LLP lowered its position in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) by 53.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,677 shares of the company’s stock after selling 27,100 shares during the period. GSA Capital Partners LLP owned 0.12% of Consensus Cloud Solutions worth $695,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in CCSI. Tower Research Capital LLC TRC raised its position in shares of Consensus Cloud Solutions by 40.5% during the second 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. Quantbot Technologies LP bought a new stake in Consensus Cloud Solutions during the 2nd quarter valued at $112,000. Strs Ohio acquired a new position in Consensus Cloud Solutions during the first quarter worth $134,000. One Wealth Advisors LLC acquired a new position in Consensus Cloud Solutions during the third quarter worth $236,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of Consensus Cloud Solutions by 149,428.6% in the first quarter. Jones Financial Companies Lllp now owns 10,467 shares of the company’s stock valued at $242,000 after buying an additional 10,460 shares in the last quarter. Institutional investors and hedge funds own 93.93% of the company’s stock.

Wall Street Analysts Forecast Growth

CCSI has been the subject of several recent research reports. Wall Street Zen raised shares of Consensus Cloud Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, November 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Consensus Cloud Solutions in a research note on Wednesday, January 21st. Wedbush increased their price objective on Consensus Cloud Solutions from $26.00 to $35.00 and gave the stock an “outperform” rating in a research note on Thursday, November 6th. Finally, BTIG Research raised their target price on Consensus Cloud Solutions from $37.00 to $40.00 and gave the company a “buy” rating in a report on Tuesday, February 17th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.50.

Consensus Cloud Solutions Trading Up 3.9%

NASDAQ:CCSI opened at $29.87 on Friday. Consensus Cloud Solutions, Inc. has a 52 week low of $17.84 and a 52 week high of $30.23. The firm has a 50-day moving average price of $23.37 and a two-hundred day moving average price of $24.94. The company has a debt-to-equity ratio of 40.03, a quick ratio of 1.84 and a current ratio of 1.79. The firm has a market cap of $563.65 million, a price-to-earnings ratio of 6.87 and a beta of 1.55.

Consensus Cloud Solutions (NASDAQ:CCSI) last released its earnings results on Monday, February 9th. The company reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.31 by $0.10. The company had revenue of $87.07 million during the quarter, compared to analyst estimates of $86.62 million. Consensus Cloud Solutions had a negative return on equity of 579.06% and a net margin of 24.17%. On average, equities analysts expect that Consensus Cloud Solutions, Inc. will post 5.17 earnings per share for the current fiscal year.

About Consensus Cloud Solutions

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.