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

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $11.3750.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its position in CCC Intelligent Solutions by 18.3% during the 2nd quarter. Advisors Asset Management Inc. now owns 7,806 shares of the company’s stock worth $73,000 after purchasing an additional 1,207 shares during the period. Park Place Capital Corp boosted its stake in shares of CCC Intelligent Solutions by 47.6% in the second quarter. Park Place Capital Corp now owns 3,806 shares of the company’s stock worth $36,000 after buying an additional 1,228 shares during the last quarter. Curated Wealth Partners LLC boosted its stake in shares of CCC Intelligent Solutions by 11.0% in the third quarter. Curated Wealth Partners LLC now owns 13,273 shares of the company’s stock worth $121,000 after buying an additional 1,315 shares during the last quarter. Global Retirement Partners LLC grew its holdings in CCC Intelligent Solutions by 5.6% during the third quarter. Global Retirement Partners LLC now owns 28,544 shares of the company’s stock worth $260,000 after acquiring an additional 1,517 shares during the period. Finally, Forum Financial Management LP raised its position in CCC Intelligent Solutions by 7.8% during the third quarter. Forum Financial Management LP now owns 21,653 shares of the company’s stock valued at $197,000 after acquiring an additional 1,567 shares in the last quarter. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Up 1.9%

CCC Intelligent Solutions stock opened at $7.98 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The stock has a market cap of $5.20 billion, a PE ratio of 399.20 and a beta of 0.72. The stock has a 50-day moving average of $7.97 and a two-hundred day moving average of $8.98. CCC Intelligent Solutions has a one year low of $8.14 and a one year high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS) last posted its quarterly earnings data on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $267.12 million for the quarter, compared to the consensus estimate of $265.01 million. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.10 earnings per share. On average, research analysts anticipate that CCC Intelligent Solutions will post 0.17 EPS for the current fiscal year.

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.