CCC Intelligent Solutions Holdings Inc (CCCS): Street Finally Waking Up

Currently, there are 625.33M common shares owned by the public and among those 420.26M shares have been available to trade.

The company’s stock has a 5-day price change of -1.49% and 19.30% over the past three months. CCCS shares are trading 10.18% year to date (YTD), with the 12-month market performance up to 6.27% higher. It has a 12-month low price of $9.79 and touched a high of $12.83 over the same period. CCCS has an average intraday trading volume of 2.77 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 5.06%, 10.98%, and 11.57% respectively.

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Institutional ownership of CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) shares accounts for 70.99% of the company’s 625.33M shares outstanding.

It has a market capitalization of $7.85B and a beta (3y monthly) value of 0.70. The stock’s trailing 12-month PE ratio is 168.46, while the earnings-per-share (ttm) stands at $0.07. The company has a PEG of 16.13 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 1.79% over the week and 2.53% over the month.

Earnings per share for the fiscal year are expected to increase by 16.39%, and 10.69% over the next financial year.

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

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