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

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned an average recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $11.3750.

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

CCC Intelligent Solutions Trading Up 2.8%

Shares of CCCS stock opened at $8.09 on Wednesday. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 404.70 and a beta of 0.72. The stock has a 50-day moving average of $7.70 and a 200-day moving average of $8.90. 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.

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

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of institutional investors and hedge funds have recently modified their holdings of CCCS. Triple Frond Partners LLC lifted its position in shares of CCC Intelligent Solutions by 30.7% during the 2nd quarter. Triple Frond Partners LLC now owns 3,156,000 shares of the company’s stock worth $29,698,000 after buying an additional 741,000 shares in the last quarter. Alfreton Capital LLP grew its holdings in shares of CCC Intelligent Solutions by 381.0% in the second quarter. Alfreton Capital LLP now owns 7,000,000 shares of the company’s stock valued at $65,870,000 after acquiring an additional 5,544,792 shares in the last quarter. Fort Washington Investment Advisors Inc. OH increased its position in shares of CCC Intelligent Solutions by 27.8% during the third quarter. Fort Washington Investment Advisors Inc. OH now owns 2,201,974 shares of the company’s stock valued at $20,060,000 after acquiring an additional 479,532 shares during the last quarter. Homestead Advisers Corp lifted its holdings in CCC Intelligent Solutions by 36.0% during the second quarter. Homestead Advisers Corp now owns 374,000 shares of the company’s stock worth $3,519,000 after acquiring an additional 99,000 shares during the period. Finally, Ninety One UK Ltd purchased a new position in CCC Intelligent Solutions in the third quarter worth $17,539,000. 95.79% of the stock is currently 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.