CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Average Rating of “Moderate Buy” from Analysts

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been given an average recommendation of “Moderate Buy” by the nine analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $13.56.

Several brokerages have weighed in on CCCS. JPMorgan Chase & Co. cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating for the company in a report on Tuesday, October 29th. Jefferies Financial Group cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Barclays cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, October 29th. Bank of America began coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price target for the company. Finally, Barrington Research reiterated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a report on Tuesday, October 29th.

CCC Intelligent Solutions Trading Up 2.0 %

Shares of CCC Intelligent Solutions stock opened at $11.39 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. CCC Intelligent Solutions has a 1 year low of $9.79 and a 1 year high of $12.68. The company has a market capitalization of $7.12 billion, a P/E ratio of 569.50, a P/E/G ratio of 6.12 and a beta of 0.63. The business has a 50 day moving average price of $10.84 and a 200 day moving average price of $10.99.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The firm had revenue of $238.48 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the firm posted $0.03 EPS. The company’s quarterly revenue was up 7.8% compared to the same quarter last year. Sell-side analysts anticipate that CCC Intelligent Solutions will post 0.16 EPS for the current fiscal year.

Insider Activity

In related news, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the sale, the insider now directly owns 30,172 shares of the company’s stock, valued at approximately $324,349. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Mary Jo Prigge sold 38,816 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $10.25, for a total transaction of $397,864.00. Following the completion of the sale, the insider now directly owns 97,268 shares of the company’s stock, valued at approximately $996,997. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael John Silva sold 29,022 shares of the company’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the transaction, the insider now directly owns 30,172 shares of the company’s stock, valued at approximately $324,349. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 6.67% of the company’s stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCCS. American International Group Inc. raised its stake in shares of CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares in the last quarter. Amalgamated Bank raised its stake in shares of CCC Intelligent Solutions by 5.8% in the 3rd quarter. Amalgamated Bank now owns 23,722 shares of the company’s stock valued at $262,000 after purchasing an additional 1,299 shares in the last quarter. Bradley Foster & Sargent Inc. CT raised its stake in shares of CCC Intelligent Solutions by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after purchasing an additional 1,390 shares in the last quarter. Parkside Financial Bank & Trust raised its stake in shares of CCC Intelligent Solutions by 15.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock valued at $132,000 after purchasing an additional 1,564 shares in the last quarter. Finally, Huntington National Bank raised its stake in shares of CCC Intelligent Solutions by 37.6% in the 3rd quarter. Huntington National Bank now owns 5,852 shares of the company’s stock valued at $65,000 after purchasing an additional 1,599 shares in the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Holdings Inc, operates as a software as a service company for the property and casualty insurance economy in the United States and China. The company's cloud-based software as a service platform connects trading partners, facilitates commerce, and supports mission-critical, artificial intelligence enabled digital workflow across the insurance economy, including insurers, repairers, automakers, parts suppliers, lenders and more.