CCC Intelligent Solutions (CCCS) Projected to Post Quarterly Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is anticipated to announce its results after the market closes on Tuesday, February 24th. Analysts expect the company to announce earnings of $0.10 per share for the quarter.

CCC Intelligent Solutions Stock Performance

Shares of CCCS stock opened at $4.94 on Tuesday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The stock has a 50 day simple moving average of $7.50 and a 200-day simple moving average of $8.41. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 247.12 and a beta of 0.72. CCC Intelligent Solutions has a 12-month low of $8.14 and a 12-month high of $12.88.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Piper Sandler reduced their target price on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating for the company in a report on Friday, October 31st. Jefferies Financial Group set a $11.00 price target on shares of CCC Intelligent Solutions in a report on Thursday, October 30th. Stifel Nicolaus decreased their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, October 31st. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $11.38.

Hedge Funds Weigh In On CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Advisors Asset Management Inc. grew its position in shares of CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock valued at $60,000 after purchasing an additional 1,898 shares during the last quarter. NewEdge Advisors LLC grew its holdings in CCC Intelligent Solutions by 68.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock valued at $394,000 after buying an additional 17,633 shares during the last quarter. Goldman Sachs Group Inc. increased its position in CCC Intelligent Solutions by 1,761.7% during the first quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company’s stock worth $27,146,000 after buying an additional 2,844,773 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its holdings in shares of CCC Intelligent Solutions by 6.4% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,145 shares of the company’s stock worth $11,126,000 after acquiring an additional 74,208 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of CCC Intelligent Solutions by 179.6% in the first quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock valued at $6,137,000 after acquiring an additional 436,561 shares in the last quarter. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.