Check out these key findings about CCC Intelligent Solutions Holdings Inc. (CCCS)

CCC Intelligent Solutions Holdings Inc. (NYSE: CCCS) stock jumped 1.12% on Friday to $9.91 against a previous-day closing price of $9.80. With 1.79 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $9.95 whereas the lowest price it dropped to was $9.80. The 52-week range on CCCS shows that it touched its highest point at $13.46 and its lowest point at $7.41 during that stretch. It currently has a 1-year price target of $12.43.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CCCS was down-trending over the past week, with a drop of -0.10%, but this was up by 6.79% over a month. Three-month performance surged to 6.56% while six-month performance fell -0.10%. The stock gained 8.90% in the past year, while it has lost -12.99% so far this year. A look at the trailing 12-month EPS for CCCS yields -0.26 with Next year EPS estimates of 0.34. For the next quarter, that number is 0.07. This implies an EPS growth rate of 26.10% for this year and 12.71% for next year.

Float and Shares Shorts:

At present, 603.11 million CCCS shares are outstanding with a float of 595.84 million shares on hand for trading. On Jul 14, 2022, short shares totaled 4.95 million, which was 0.80% higher than short shares on Jun 14, 2022. In addition to Mr. Githesh Ramamurthy as the firm’s Chairman & CEO, Mr. Brian Herb serves as its Exec. VP, CFO & Chief Admin. Officer.

Institutional Ownership:

Through their ownership of 97.85% of CCCS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 3.17% of CCCS, in contrast to 2.92% held by mutual funds. Shares owned by individuals account for 10.81%. As the largest shareholder in CCCS with 2.78% of the stake, T. Rowe Price Associates, Inc. holds 17,084,151 shares worth 17,084,151. A second-largest stockholder of CCCS, Capital Research & Management Co, holds 9,681,908 shares, controlling over 1.58% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in CCCS, holding 9,489,796 shares or 1.54% stake. With a 2.28% stake in CCCS, the T Rowe Price Mid Cap Growth Fund is the largest stakeholder. A total of 14,000,000 shares are owned by the mutual fund manager. The American Funds Small Cap World Fu, which owns about 1.13% of CCCS stock, is the second-largest Mutual Fund holder. It holds 6,953,198 shares valued at 63.97 million. Vanguard Total Stock Market Index holds 0.74% of the stake in CCCS, owning 4,528,696 shares worth 41.66 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CCCS since 8 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With CCCS analysts setting a high price target of $15.00 and a low target of $11.00, the average target price over the next 12 months is $12.43. Based on these targets, CCCS could surge 51.36% to reach the target high and rise by 11.0% to reach the target low. Reaching the average price target will result in a growth of 25.43% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. CCCS will report FY 2022 earnings on 02/28/2023. Analysts have provided yearly estimates in a range of $0.34 being high and $0.26 being low. For CCCS, this leads to a yearly average estimate of $0.29. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. CCC Intelligent Solutions Holdings Inc. surprised analysts by $0.01 when it reported $0.08 EPS against a consensus estimate of $0.07. The surprise factor in the prior quarter was $0.02. Based on analyst estimates, the high estimate for the next quarter is $0.08 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.07.

Summary of Insider Activity:

Insiders traded CCCS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has risen to 12 over the past year. The total number of shares bought during that period was 0 while 70,024,780 shares were sold.

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