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

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has earned a consensus rating of “Hold” from the seven analysts that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $11.3750.

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

CCC Intelligent Solutions Stock Down 3.6%

CCCS opened at $8.19 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions has a fifty-two week low of $8.14 and a fifty-two week high of $12.88. The company has a market capitalization of $5.33 billion, a PE ratio of 409.70 and a beta of 0.72. The business has a 50-day moving average of $7.68 and a 200-day moving average of $8.87.

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. The company had revenue of $267.12 million during the quarter, compared to analysts’ expectations of $265.01 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. CCC Intelligent Solutions’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.10 EPS. Equities research analysts forecast that CCC Intelligent Solutions will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions

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

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.