Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) Short Interest Down 7.6% in October

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) saw a significant decrease in short interest in October. As of October 31st, there was short interest totalling 517,300 shares, a decrease of 7.6% from the October 15th total of 559,900 shares. Approximately 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 126,500 shares, the short-interest ratio is presently 4.1 days.

Analyst Ratings Changes

A number of brokerages recently weighed in on CCSI. Wedbush boosted their price objective on Consensus Cloud Solutions from $24.00 to $32.00 and gave the stock an "outperform" rating in a research report on Friday, November 8th. BTIG Research boosted their price target on Consensus Cloud Solutions from $30.00 to $32.00 and gave the stock a "buy" rating in a report on Monday, November 11th. JPMorgan Chase & Co. lowered shares of Consensus Cloud Solutions from a "neutral" rating to an "underweight" rating and raised their price objective for the company from $19.00 to $21.00 in a report on Monday, September 9th. Finally, Oppenheimer boosted their target price on shares of Consensus Cloud Solutions from $23.00 to $27.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company's stock. According to MarketBeat, Consensus Cloud Solutions presently has an average rating of "Hold" and a consensus price target of $26.40.

Consensus Cloud Solutions Stock Performance

Shares of CCSI traded up $0.03 during mid-day trading on Monday, reaching $25.33. 44,265 shares of the company were exchanged, compared to its average volume of 234,573. The business has a 50 day simple moving average of $22.63 and a two-hundred day simple moving average of $20.39. Consensus Cloud Solutions has a 52 week low of $11.62 and a 52 week high of $28.09. The stock has a market capitalization of $488.87 million, a PE ratio of 5.54 and a beta of 1.38.

Institutional Trading of Consensus Cloud Solutions

A number of large investors have recently bought and sold shares of the business. Capital Performance Advisors LLP bought a new stake in shares of Consensus Cloud Solutions during the 3rd quarter valued at about $29,000. National Bank of Canada FI bought a new position in shares of Consensus Cloud Solutions during the 2nd quarter worth approximately $33,000. SG Americas Securities LLC acquired a new stake in shares of Consensus Cloud Solutions during the 3rd quarter worth approximately $148,000. CWM LLC increased its stake in shares of Consensus Cloud Solutions by 388.4% in the 2nd quarter. CWM LLC now owns 8,792 shares of the company's stock valued at $151,000 after acquiring an additional 6,992 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new position in shares of Consensus Cloud Solutions during the 2nd quarter valued at $188,000. 93.93% of the stock is currently owned by institutional investors and hedge funds.

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.