CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) was the target of a significant growth in short interest in March. As of March 31st, there was short interest totalling 4,700,000 shares, a growth of 37.4% from the March 15th total of 3,420,000 shares. Based on an average trading volume of 1,260,000 shares, the short-interest ratio is currently 3.7 days. Currently, 6.6% of the company’s stock are short sold.
A number of equities research analysts have recently issued reports on CCCS shares. Citigroup dropped their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 in a report on Friday, February 11th. Zacks Investment Research raised CCC Intelligent Solutions from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Thursday, March 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.
In related news, Director Eric Wei sold 17,506,195 shares of the stock in a transaction that occurred on Monday, April 11th. The stock was sold at an average price of $9.28, for a total transaction of $162,457,489.60. Following the completion of the transaction, the director now directly owns 8,238,944 shares of the company’s stock, valued at $76,457,400.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of CCCS stock traded down $0.37 during midday trading on Friday, hitting $9.39. 1,164,747 shares of the company were exchanged, compared to its average volume of 1,775,679. CCC Intelligent Solutions has a 52 week low of $8.58 and a 52 week high of $13.46. The firm’s 50 day moving average price is $10.45 and its two-hundred day moving average price is $11.01. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.36 and a current ratio of 2.36.
CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last posted its earnings results on Tuesday, March 1st. The company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.06 by $0.02. The firm had revenue of $187.08 million during the quarter, compared to analyst estimates of $181.84 million. On average, sell-side analysts predict that CCC Intelligent Solutions will post 0.27 earnings per share for the current year.
About CCC Intelligent Solutions (Get Rating)
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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