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

Consensus Cloud Solutions, Inc. (NASDAQ:CCSI) experienced a notable increase in short interest during January. As of January 31st, the total short interest reached 496,700 shares, reflecting a 6.0% rise from the 468,800 shares reported on January 15th. This means that about 2.7% of the company’s shares are currently sold short. Given an average daily trading volume of 109,700 shares, the short-interest ratio stands at 4.5 days.

Analysts Set New Price Targets

Recently, several equities analysts have provided updates on Consensus Cloud Solutions. BTIG Research raised its price target from $30.00 to $32.00, recommending a "buy" rating in a report dated November 11th. Oppenheimer also increased their target from $23.00 to $27.00 and rated the stock as "outperform" on November 8th. Additionally, Wedbush set a new target price of $32.00, maintaining their "outperform" rating on the same date. However, Citigroup adjusted their price target from $19.00 to $20.00 while assigning a "sell" rating in a report on January 17th. Currently, two analysts suggest selling the stock, while three recommend buying it. According to MarketBeat data, Consensus Cloud Solutions has an average rating of "Hold" with a consensus target price of $26.40.

Get Our Latest Report on CCSI

Consensus Cloud Solutions Stock Performance

On Monday, shares of NASDAQ:CCSI fell by $0.43, bringing the stock price down to $28.81. The trading volume for this day reached 75,802 shares, which is less than the average volume of 104,248 shares. The stock has seen a low of $11.62 and a high of $32.10 over the past twelve months. The 50-day moving average stands at $25.62, while the 200-day moving average is $23.68. CCSI has a market capitalization of $556.15 million, a price-to-earnings ratio of 6.30, and a beta of 1.45.

Hedge Funds Weigh In On Consensus Cloud Solutions

Recently, several large investors have engaged in buying and selling shares of Consensus Cloud Solutions. SG Americas Securities LLC took a new position in the company in the third quarter, investing approximately $148,000. CWM LLC increased its holdings by 87.3% during the same quarter, now owning 16,469 shares worth $388,000 after purchasing an additional 7,677 shares. Creative Planning also acquired a new stake valued at about $285,000, while Greenleaf Trust invested around $1,634,000 in new shares during the third quarter. Additionally, Wealth Enhancement Advisory Services LLC made a new investment worth approximately $242,000. Institutional investors and hedge funds own 93.93% of the company’s shares.

Consensus Cloud Solutions Company Profile

Consensus Cloud Solutions, Inc., along with its subsidiaries, offers information delivery services globally through its software-as-a-service platform. The company provides solutions such as eFax Corporate, a digital cloud-fax technology, and Unite, a platform that enables users to send and receive healthcare information and can integrate with existing electronic health record systems or operate independently.

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This news alert was generated using advanced data reporting techniques to provide accurate and timely information. The information within this article is presented without any affiliation with specific websites or additional sources.

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