CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Average Recommendation of “Moderate Buy” by Brokerages

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $11.71.

Several research firms recently issued reports on CCCS. Piper Sandler upped their price target on CCC Intelligent Solutions from $9.80 to $10.00 and gave the company a “neutral” rating in a research report on Thursday, March 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 target price on shares of CCC Intelligent Solutions in a research report on Friday, March 3rd.

Institutional Trading of CCC Intelligent Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp acquired a new stake in CCC Intelligent Solutions during the fourth quarter valued at approximately $47,000. Captrust Financial Advisors acquired a new stake in shares of CCC Intelligent Solutions during the second quarter valued at approximately $53,000. Parkwood LLC raised its holdings in shares of CCC Intelligent Solutions by 95.0% during the second quarter. Parkwood LLC now owns 58,855 shares of the company’s stock valued at $59,000 after acquiring an additional 28,679 shares during the period. Quantbot Technologies LP raised its holdings in shares of CCC Intelligent Solutions by 252.1% during the first quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock valued at $63,000 after acquiring an additional 4,106 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of CCC Intelligent Solutions by 277.6% during the first quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock valued at $85,000 after acquiring an additional 5,658 shares during the period. 96.40% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Performance

CCCS stock opened at $8.88 on Friday. The company has a current ratio of 3.16, a quick ratio of 3.16 and a debt-to-equity ratio of 0.38. The firm has a market cap of $5.55 billion, a P/E ratio of 148.02, a P/E/G ratio of 1.14 and a beta of 0.76. CCC Intelligent Solutions has a 12-month low of $7.41 and a 12-month high of $11.54. The stock’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $8.96.

CCC Intelligent Solutions Company Profile

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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.