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

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI - Get Free Report) was the target of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 496,700 shares, an increase of 6.0% from the January 15th total of 468,800 shares. Based on an average daily volume of 109,700 shares, the short-interest ratio is currently 4.5 days. Approximately 2.7% of the company's stock are sold short.

Hedge Funds Weigh In On Consensus Cloud Solutions

A number of large investors have recently bought and sold shares of the company. Janus Henderson Group PLC raised its holdings in Consensus Cloud Solutions by 26.4% during the third quarter. Janus Henderson Group PLC now owns 2,380,874 shares of the company's stock worth $56,070,000 after purchasing an additional 498,010 shares in the last quarter. New South Capital Management Inc. purchased a new position in shares of Consensus Cloud Solutions during the 4th quarter worth approximately $4,223,000. JPMorgan Chase & Co. raised its stake 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 buying an additional 136,349 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Consensus Cloud Solutions by 632.6% in the fourth quarter. Prudential Financial Inc. now owns 111,870 shares of the company's stock valued at $2,669,000 after buying an additional 96,600 shares in the last quarter. Finally, Greenleaf Trust purchased a new stake in shares of Consensus Cloud Solutions in the third quarter valued at approximately $1,634,000. Hedge funds and other institutional investors own 93.93% of the company's stock.

Consensus Cloud Solutions Price Performance

Shares of NASDAQ:CCSI traded up $0.02 on Friday, reaching $25.62. The company's stock had a trading volume of 290,953 shares, compared to its average volume of 119,825. Consensus Cloud Solutions has a 52-week low of $11.62 and a 52-week high of $32.10. The stock's 50-day moving average is $25.89 and its two-hundred day moving average is $23.88. The stock has a market capitalization of $494.49 million, a P/E ratio of 5.55 and a beta of 1.45.

Consensus Cloud Solutions (NASDAQ:CCSI - Get Free Report) last announced its earnings results on Wednesday, February 19th. The company reported $1.09 earnings per share for the quarter, missing the consensus estimate of $1.19 by ($0.10). Consensus Cloud Solutions had a net margin of 25.52% and a negative return on equity of 76.49%. The company had revenue of $86.98 million during the quarter, compared to analysts' expectations of $85.07 million. Equities analysts forecast that Consensus Cloud Solutions will post 5.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Citigroup lifted their price target on Consensus Cloud Solutions from $19.00 to $20.00 and gave the stock a "sell" rating in a report on Friday, January 17th. BTIG Research increased their price target on shares of Consensus Cloud Solutions from $30.00 to $32.00 and gave the company a "buy" rating in a research note on Monday, November 11th. Wedbush increased their price target on shares of Consensus Cloud Solutions from $24.00 to $32.00 and gave the company an "outperform" rating in a research note on Friday, November 8th. Finally, Oppenheimer boosted their price objective on shares of Consensus Cloud Solutions from $27.00 to $32.00 and gave the stock an "outperform" rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $27.40.

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.