Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Short Interest Update

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) saw a large increase in short interest during 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. Approximately 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 114,900 shares, the days-to-cover ratio is presently 3.9 days.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ:CCSI opened at $23.86 on Thursday. The business’s 50 day simple moving average is $24.17 and its 200 day simple moving average is $21.80. Consensus Cloud Solutions has a 1 year low of $11.62 and a 1 year high of $27.79. The company has a market capitalization of $460.59 million, a P/E ratio of 5.22 and a beta of 1.42.

Analyst Upgrades and Downgrades

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

Institutional Trading of Consensus Cloud Solutions

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its position in shares of Consensus Cloud Solutions by 223.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 197,456 shares of the company’s stock worth $4,650,000 after acquiring an additional 136,349 shares in the last quarter. DGS Capital Management LLC bought a new stake in Consensus Cloud Solutions during the third quarter worth $209,000. Barclays PLC increased its stake in shares of Consensus Cloud Solutions by 275.8% in the 3rd quarter. Barclays PLC now owns 23,618 shares of the company’s stock valued at $556,000 after purchasing an additional 17,333 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Consensus Cloud Solutions by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 421,123 shares of the company’s stock valued at $9,920,000 after purchasing an additional 5,299 shares during the last quarter. Finally, Virtus Fund Advisers LLC acquired a new position in shares of Consensus Cloud Solutions during the 3rd quarter worth $327,000. 93.93% of the stock is currently owned by institutional investors.

About Consensus Cloud Solutions

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.