CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Average Rating of “Hold” by Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $11.3750.

Several research firms have recently issued reports on CCCS. Stifel Nicolaus reduced their price target on CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, October 31st. Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Jefferies Financial Group set a $11.00 price target on CCC Intelligent Solutions in a research note on Thursday, October 30th. Piper Sandler cut their price target on shares of CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Finally, Barclays decreased their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, October 14th.

Institutional Trading of CCC Intelligent Solutions

Several hedge funds have recently added to or reduced their stakes in CCCS. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in CCC Intelligent Solutions during the second quarter worth about $25,000. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of CCC Intelligent Solutions by 194.5% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 2,824 shares of the company’s stock valued at $26,000 after purchasing an additional 1,865 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of CCC Intelligent Solutions by 293.7% during the 2nd quarter. Osaic Holdings Inc. now owns 3,083 shares of the company’s stock valued at $29,000 after purchasing an additional 2,300 shares in the last quarter. Park Place Capital Corp grew its position in shares of CCC Intelligent Solutions by 47.6% in the 2nd quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock valued at $36,000 after purchasing an additional 1,228 shares during the period. Finally, Danske Bank A S bought a new stake in CCC Intelligent Solutions during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Stock Performance

CCC Intelligent Solutions stock opened at $7.83 on Friday. The company has a market cap of $5.10 billion, a PE ratio of 391.70 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions has a 1 year low of $8.14 and a 1 year high of $12.88. The company’s 50-day moving average is $8.02 and its two-hundred day moving average is $9.00.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Thursday, October 30th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $267.12 million during the quarter, compared to analysts’ expectations of $265.01 million. During the same quarter in the previous year, the company earned $0.10 EPS. CCC Intelligent Solutions’s revenue was up 12.0% on a year-over-year basis. Equities analysts anticipate that CCC Intelligent Solutions will post 0.17 earnings per share for the current year.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.