During the last session, CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS)’s traded shares were 7.37 million, with the beta value of the company hitting 0.62. At the end of the trading day, the stock’s price was $10.78, reflecting an intraday loss of -0.83% or -$0.09. The 52-week high for the CCCS share is $13.41, that puts it down -24.4 from that peak though still a striking 9.18% gain since the share price plummeted to a 52-week low of $9.79. The company’s market capitalization is $6.72B, and the average intraday trading volume over the past 10 days was 1.86 million shares, and the average trade volume was 4.05 million shares over the past three months.
CCC Intelligent Solutions Holdings Inc (CCCS) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.50. CCCS has a Sell rating from 0 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 2 recommend a Buy rating for it.
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CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) trade information
CCC Intelligent Solutions Holdings Inc (CCCS) registered a -0.83% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.83% in intraday trading to $10.78, hitting a weekly high. The stock’s 5-day price performance is -1.46%, and it has moved by 5.48% in 30 days. Based on these gigs, the overall price performance for the year is 1.13%. The short interest in CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) is 11.28 million shares and it means that shorts have 2.88 day(s) to cover.
The consensus price target of analysts on Wall Street is $14, which implies an increase of 23.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $13 and $15 respectively. As a result, CCCS is trading at a discount of -39.15% off the target high and -20.59% off the low.
CCC Intelligent Solutions Holdings Inc (CCCS) estimates and forecasts
Statistics show that CCC Intelligent Solutions Holdings Inc has underperformed its competitors in share price, compared to the industry in which it operates. CCC Intelligent Solutions Holdings Inc (CCCS) shares have gone down -7.55% during the last six months, with a year-to-date growth rate less than the industry average at 12.50% against 14.30.
While earnings are projected to return 13.27% in 2024, the next five years will return 11.50% per annum.
CCCS Dividends
CCC Intelligent Solutions Holdings Inc is due to release its next quarterly earnings on 2024-Nov-04. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS)’s Major holders
CCC Intelligent Solutions Holdings Inc insiders own 3.80% of total outstanding shares while institutional holders control 97.57%, with the float percentage being 101.42%. ADVENT INTERNATIONAL CORP/MA is the largest shareholder of the company, while 401.0 institutions own stock in it. As of 2024-06-30, the company held over 139.34 million shares (or 23.2905% of all shares), a total value of $1.55 billion in shares.
The next largest institutional holding, with 55.94 million shares, is of T. ROWE PRICE INVESTMENT MANAGEMENT, INC.’s that is approximately 9.3499% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $621.48 million.
Also, the Mutual Funds coming in first place with the largest holdings of CCC Intelligent Solutions Holdings Inc (CCCS) shares are Price (T.Rowe) Mid Cap Growth Fund and Principal Mid Cap Fund . Data provided on Jun 30, 2024 indicates that Price (T.Rowe) Mid Cap Growth Fund owns about 21.67 shares. This amounts to just over 3.49 percent of the company’s overall shares, with a $233.61 million market value. The same data shows that the other fund manager holds slightly less at 18.21, or about 2.93% of the stock, which is worth about $196.3 million.
