Short Interest in Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Rises By 6.0%

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) was the target of a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 496,700 shares, a growth of 6.0% from the January 15th total of 468,800 shares. Based on an average trading volume of 109,700 shares, the days-to-cover ratio is currently 4.5 days. Currently, 2.7% of the shares of the stock are short sold.

Consensus Cloud Solutions Stock Down 1.5 %

Shares of CCSI traded down $0.43 during midday trading on Monday, reaching $28.81. 75,802 shares of the stock were exchanged, compared to its average volume of 104,248. The company has a market cap of $556.15 million, a price-to-earnings ratio of 6.30 and a beta of 1.45. Consensus Cloud Solutions has a 12-month low of $11.62 and a 12-month high of $32.10. The firm has a 50 day simple moving average of $25.62 and a 200-day simple moving average of $23.68.

Analysts Set New Price Targets

A number of research firms recently weighed in on CCSI. Oppenheimer increased their price target on Consensus Cloud Solutions from $23.00 to $27.00 and gave the company an “outperform” rating in a research report on Friday, November 8th. BTIG Research raised their price objective on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Citigroup increased their target price on Consensus Cloud Solutions from $19.00 to $20.00 and gave the company a “sell” rating in a report on Friday, January 17th. Finally, Wedbush increased their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Consensus Cloud Solutions presently has a consensus rating of “Hold” and a consensus price target of $26.40.

Hedge Funds Weigh In On Consensus Cloud Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Two Sigma Investments LP grew its position in Consensus Cloud Solutions by 93.1% in the fourth quarter. Two Sigma Investments LP now owns 28,012 shares of the company’s stock worth $668,000 after acquiring an additional 13,502 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Consensus Cloud Solutions by 4.6% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,342 shares of the company’s stock worth $247,000 after buying an additional 456 shares during the last quarter. Lazard Asset Management LLC bought a new position in Consensus Cloud Solutions during the fourth quarter valued at about $1,263,000. Janus Henderson Group PLC boosted its stake in shares of Consensus Cloud Solutions by 3.0% during the 4th quarter. Janus Henderson Group PLC now owns 2,453,463 shares of the company’s stock worth $58,540,000 after acquiring an additional 72,589 shares in the last quarter. Finally, Gates Capital Management Inc. increased its holdings in shares of Consensus Cloud Solutions by 1.0% during the 4th quarter. Gates Capital Management Inc. now owns 1,613,501 shares of the company’s stock valued at $38,498,000 after acquiring an additional 16,245 shares during the last quarter. Institutional investors own 93.93% of the company’s stock.

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.