A Review of CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS)’s Performance and Growth Prospects

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In the latest trading session, 1.3 million CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) shares changed hands as the company’s beta touched 0.75. With the company’s most recent per share price at $9.23 changed hands at -$0.03 or -0.38% at last look, the market valuation stands at $6.07B. CCCS’s current price is a discount, trading about -39.54% off its 52-week high of $12.88. The share price had its 52-week low at $8.82, which suggests the last value was 4.44% up since then. When we look at CCC Intelligent Solutions Holdings Inc’s average trading volume, we note the 10-day average is 11.68 million shares, with the 3-month average coming to 5.98 million.

Analysts gave the CCC Intelligent Solutions Holdings Inc (CCCS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.46. If we narrow down to specifics, the data shows that 0 out of 2 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended CCCS as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. CCC Intelligent Solutions Holdings Inc’s EPS for the current quarter is expected to be 0.08.

CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) trade information

Instantly CCCS was in red as seen in intraday trades today. With action 1.04%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -21.36%, with the 5-day performance at 1.04% in the green. However, in the 30-day time frame, CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) is -14.27% down. Looking at the short shares, we see there were 19.96 million shares sold at short interest cover period of 3.58 days.

The consensus price target for the stock as assigned by Wall Street analysts is 15, meaning bulls need an upside of 38.47% from its recent market value. According to analyst projections, CCCS’s forecast low is 15 with 15 as the target high. To hit the forecast high, the stock’s price needs a -62.51% plunge from its current level, while the stock would need to soar -62.51% for it to hit the projected low.

CCC Intelligent Solutions Holdings Inc (CCCS) estimates and forecasts

Year-over-year growth is forecast to reach 11.89% up from the last financial year.

Consensus estimates given by 11 financial analysts project the company’s revenue in the current quarter to hit an average of 249.87M. 11 analysts are of the opinion that CCC Intelligent Solutions Holdings Inc’s revenue for the current quarter will be 259.68M. The company’s revenue for the corresponding quarters a year ago was 227.24M and 232.62M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 9.96%. The estimates for the next quarter sales put growth at 11.63%.

The 2025 estimates are for CCC Intelligent Solutions Holdings Inc earnings to decrease by -0.47%, but the outlook for the next 5-year period is at 8.68% per year.

CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 3.76% of CCC Intelligent Solutions Holdings Inc shares while 96.55% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 100.32%. There are 96.55% institutions holding the CCC Intelligent Solutions Holdings Inc stock share, with ADVENT INTERNATIONAL CORP/MA the top institutional holder. As of 2024-06-30, the company held 22.8431% of the shares, roughly 139.34 million CCCS shares worth $1.55 billion.

T. ROWE PRICE INVESTMENT MANAGEMENT, INC. holds the second largest percentage of outstanding shares, with 9.1703% or 55.94 million shares worth $621.48 million as of 2024-06-30.

Among Mutual Funds, the top two as of Dec 31, 2024 were Price (T.Rowe) Mid Cap Growth Fund and Principal Mid Cap Fund. With 25.14 shares estimated at $231.67 million under it, the former controlled 4.05% of total outstanding shares. On the other hand, Principal Mid Cap Fund held about 3.24% of the shares, roughly 20.09 shares worth around $185.08 million.