Short Interest in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Increases By 8.9%

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) was the recipient of a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 447,300 shares, an increase of 8.9% from the November 30th total of 410,900 shares. Based on an average daily trading volume, of 114,900 shares, the short-interest ratio is presently 3.9 days. Approximately 2.4% of the company’s shares are sold short.

Consensus Cloud Solutions Stock Performance

Shares of Consensus Cloud Solutions stock traded up $0.13 during trading on Tuesday, hitting $23.86. 94,929 shares of the stock traded hands, compared to its average volume of 219,263. The stock has a market cap of $460.59 million, a P/E ratio of 5.22 and a beta of 1.42. The company has a fifty day moving average price of $24.10 and a two-hundred day moving average price of $21.78. Consensus Cloud Solutions has a twelve month low of $11.62 and a twelve month high of $27.79.

Institutional Trading of Consensus Cloud Solutions

Large investors have recently added to or reduced their stakes in the business. Capital Performance Advisors LLP bought a new position in shares of Consensus Cloud Solutions during the 3rd quarter valued at $29,000. National Bank of Canada FI acquired a new position in Consensus Cloud Solutions during the second quarter worth $33,000. SG Americas Securities LLC bought a new position in Consensus Cloud Solutions during the third quarter valued at about $148,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of Consensus Cloud Solutions in the second quarter worth about $188,000. Finally, DGS Capital Management LLC bought a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth about $209,000. 93.93% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. BTIG Research raised their target price on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Wedbush lifted their price objective on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Citigroup increased their target price on Consensus Cloud Solutions from $17.00 to $19.00 and gave the company a “sell” rating in a report on Tuesday, November 19th. Oppenheimer raised their price objective on Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an “outperform” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. lowered shares of Consensus Cloud Solutions from a “neutral” rating to an “underweight” rating and upped their price objective for the company from $19.00 to $21.00 in a research note on Monday, September 9th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. According to data from MarketBeat, Consensus Cloud Solutions currently has an average rating of “Hold” and an average target price of $26.20.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc, together with its subsidiaries, provides information delivery services with a software-as-a-service platform worldwide. The company offers eFax Corporate, a digital cloud-fax technology; Unite, a single platform that allows the user to choose between various protocols to send and receive healthcare information and can integrate into an existing electronic health record system or stand-alone if no EHR is present.