Reassessing The Changing Outlook For CCC Intelligent Solutions Holdings Inc (CCCS)

Currently, there are 603.13M common shares owned by the public and among those 418.11M shares have been available to trade.

The company’s stock has a 5-day price change of -3.45% and 6.53% over the past three months. CCCS shares are trading -4.04% year to date (YTD), with the 12-month market performance up to 1.49% higher. It has a 12-month low price of $9.79 and touched a high of $12.68 over the same period. CCCS has an average intraday trading volume of 2.86 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 0.02%, 0.76%, and -2.18% respectively.

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Institutional ownership of CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) shares accounts for 69.10% of the company’s 603.13M shares outstanding.

It has a market capitalization of $6.81B and a beta (3y monthly) value of 0.62. The stock’s trailing 12-month PE ratio is 146.71, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 14.04 and a Quick Ratio of 3.05 with the debt-to-equity ratio at 0.44. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.88% over the week and 2.35% over the month.

Earnings per share for the fiscal year are expected to increase by 15.34%, and 11.01% over the next financial year.

Looking at the support for the CCCS, a number of firms have released research notes about the stock. BofA Securities stated their Buy rating for the stock in a research note on August 20, 2024, with the firm’s price target at $15. Citigroup coverage for the CCC Intelligent Solutions Holdings Inc (CCCS) stock in a research note released on December 13, 2023 offered a Neutral rating with a price target of $13. Morgan Stanley was of a view on December 12, 2023 that the stock is Equal-Weight, while Stifel gave the stock Buy rating on September 22, 2023, issuing a price target of $14. Evercore ISI on their part issued Outperform rating on May 23, 2023.

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