CCC Intelligent Solutions (NASDAQ:CCCS) Trading 0.5% Higher - Still a Buy?

Key Points

• CCC Intelligent Solutions (NASDAQ:CCCS) experienced a trading increase of 0.5% on Friday, reaching a last traded price of $8.80.
• Several analysts have recently downgraded CCC Intelligent Solutions, with Weiss Ratings issuing a "sell" rating and Wall Street Zen changing its rating from "buy" to "hold."
• The company reported a market cap of $5.73 billion and a P/E ratio of 67.39, indicating a relatively high valuation compared to its earnings performance.

CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS - Get Free Report) traded up 0.5% on Friday . The stock traded as high as $8.91 and last traded at $8.80. 4,781,891 shares were traded during mid-day trading, a decline of 17% from the average session volume of 5,760,594 shares. The stock had previously closed at $8.76.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings reiterated a "sell (d)" rating on shares of CCC Intelligent Solutions in a report on Wednesday, October 8th. Wall Street Zen cut CCC Intelligent Solutions from a "buy" rating to a "hold" rating in a report on Sunday, September 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has a consensus rating of "Sell".

CCC Intelligent Solutions Price Performance

The company has a market cap of $5.73 billion, a P/E ratio of 67.39, a P/E/G ratio of 10.52 and a beta of 0.72. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.38 and a quick ratio of 1.38.

CCC Intelligent Solutions (NASDAQ:CCCS - Get Free Report) last released its earnings results on Tuesday, March 1st. The company reported $0.05 EPS for the quarter. CCC Intelligent Solutions had a return on equity of 4.07% and a net margin of 0.19%.

About CCC Intelligent Solutions

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.

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