Morgan Stanley slashes price target on CCC Intelligent Solutions Holdings Inc [CCCS] – find out why.

CCC Intelligent Solutions Holdings Inc [NASDAQ: CCCS] closed the trading session at $12.02.

The stocks have a year to date performance of 5.53 percent and weekly performance of 3.44 percent. The stock has been moved at 2.04 percent over the last six months. The stock has performed 6.18 percent around the most recent 30 days and changed 11.30 percent over the most recent 3-months.

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If compared to the average trading volume of 2.74M shares, CCCS reached to a volume of 3495760 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about CCC Intelligent Solutions Holdings Inc [CCCS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CCCS shares is $13.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CCCS stock is a recommendation set at 1.36. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for CCC Intelligent Solutions Holdings Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on November 13, 2024. While these analysts kept the previous recommendation, BofA Securities raised their target price to Buy. The new note on the price target was released on August 20, 2024, representing the official price target for CCC Intelligent Solutions Holdings Inc stock. Previously, the target price had yet another raise to $13, while Citigroup analysts kept a Neutral rating on CCCS stock.

The Average True Range (ATR) for CCC Intelligent Solutions Holdings Inc is set at 0.31, with the Price to Sales ratio for CCCS stock in the period of the last 12 months amounting to 8.11. The Price to Book ratio for the last quarter was 3.87, with the Price to Cash per share for the same quarter was set at 0.46. Price to Free Cash Flow for CCCS in the course of the last twelve months was 37.55 with Quick ratio for the last quarter at 3.05.

CCCS stock trade performance evaluation

CCC Intelligent Solutions Holdings Inc [CCCS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.44. With this latest performance, CCCS shares gained by 6.18% in over the last four-week period, additionally plugging by 2.04% over the last 6 months – not to mention a rise of 4.34% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CCCS stock in for the last two-week period is set at 70.36, with the RSI for the last a single of trading hit 74.65, and the three-weeks RSI is set at 66.85 for CCC Intelligent Solutions Holdings Inc [CCCS]. The present Moving Average for the last 50 days of trading for this stock 11.04, while it was recorded at 11.80 for the last single week of trading, and 11.20 for the last 200 days.

CCC Intelligent Solutions Holdings Inc [CCCS]: An insightful look at the core fundamentals

CCC Intelligent Solutions Holdings Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.05 and a Current Ratio set at 3.05.

Earnings per share (EPS) analysis for CCC Intelligent Solutions Holdings Inc [CCCS] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CCCS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for CCC Intelligent Solutions Holdings Inc go to 10.45%.

CCC Intelligent Solutions Holdings Inc [CCCS]: Institutional Ownership

There are presently around $99.56%, or 103.13%% of CCCS stock, in the hands of institutional investors. The top three institutional holders of CCCS stocks are: ADVENT INTERNATIONAL CORP/MA with ownership of 139.34 million shares, which is approximately 23.2905%. T. ROWE PRICE INVESTMENT MANAGEMENT, INC., holding 55.94 million shares of the stock with an approximate value of $$621.48 million in CCCS stocks shares; and T. ROWE PRICE INVESTMENT MANAGEMENT, INC., currently with $$506.1 million in CCCS stock with ownership which is approximately 7.6142%.