CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Consensus Recommendation of “Hold” from Analysts

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) have received a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $11.25.

CCCS has been the topic of a number of research analyst reports. The Goldman Sachs Group initiated coverage on CCC Intelligent Solutions in a report on Thursday, April 28th. They issued a “neutral” rating and a $11.00 target price on the stock. Citigroup cut their price objective on CCC Intelligent Solutions from $13.00 to $11.00 in a report on Friday, February 11th. Finally, Zacks Investment Research downgraded CCC Intelligent Solutions from a “buy” rating to a “sell” rating in a report on Tuesday, May 17th.

In other news, Director Eric Wei sold 17,506,195 shares of CCC Intelligent Solutions stock in a transaction dated Monday, April 11th. The stock was sold at an average price of $9.28, for a total value 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 approximately $76,457,400.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 6.81% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of the stock. Psagot Value Holdings Ltd. Israel boosted its stake in CCC Intelligent Solutions by 128.5% during the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,324 shares of the company’s stock valued at $301,000 after purchasing an additional 1,307 shares during the last quarter. Quantbot Technologies LP boosted its stake in shares of CCC Intelligent Solutions by 252.1% in the 1st quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock worth $63,000 after buying an additional 4,106 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of CCC Intelligent Solutions by 12.3% in the 1st quarter. Bank of New York Mellon Corp now owns 38,517 shares of the company’s stock worth $425,000 after buying an additional 4,232 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of CCC Intelligent Solutions by 277.6% in the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company’s stock worth $85,000 after buying an additional 5,658 shares during the last quarter. Finally, Blair William & Co. IL boosted its stake in shares of CCC Intelligent Solutions by 37.6% in the 4th quarter. Blair William & Co. IL now owns 25,508 shares of the company’s stock worth $291,000 after buying an additional 6,974 shares during the last quarter. 92.03% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions stock opened at $8.72 on Monday. The stock’s fifty day moving average price is $9.65 and its two-hundred day moving average price is $10.63. CCC Intelligent Solutions has a one year low of $7.41 and a one year high of $13.46. The company has a debt-to-equity ratio of 0.41, a current ratio of 2.30 and a quick ratio of 2.30. The firm has a market cap of $5.36 billion, a PE ratio of 4.23 and a beta of 1.10.

CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.02. The firm had revenue of $187.08 million for the quarter, compared to analyst estimates of $181.84 million. CCC Intelligent Solutions had a negative return on equity of 1.57% and a negative net margin of 32.32%. Sell-side analysts expect that CCC Intelligent Solutions will post 0.27 earnings per share for the current fiscal year.

CCC Intelligent Solutions Company Profile (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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