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 assigned an average rating of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $13.75.

A number of research analysts recently weighed in on the stock. Jefferies Financial Group decreased their target price on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They issued a “buy” rating and a $15.00 target price for the company. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st.

CCC Intelligent Solutions Trading Down 0.1 %

Shares of NYSE:CCCS opened at $11.16 on Monday. CCC Intelligent Solutions has a 12 month low of $9.79 and a 12 month high of $12.73. The company has a quick ratio of 2.79, a current ratio of 2.79 and a debt-to-equity ratio of 0.40. The company’s fifty day simple moving average is $10.75 and its 200 day simple moving average is $11.06. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of -53.14, a PEG ratio of 6.26 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCS) last released its earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.08 by $0.01. The business had revenue of $232.60 million during the quarter, compared to the consensus estimate of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The firm’s revenue for the quarter was up 9.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, research analysts forecast that CCC Intelligent Solutions will post 0.16 EPS for the current fiscal year.

Insider Activity

In related news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Michael John Silva sold 29,022 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total transaction of $311,986.50. Following the sale, the insider now directly owns 30,172 shares of the company’s stock, valued at $324,349. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 238,387 shares of company stock valued at $2,414,009 in the last quarter. Company insiders own 6.67% of the company’s stock.

Institutional Trading of CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently modified their holdings of CCCS. Banque Cantonale Vaudoise raised its stake in CCC Intelligent Solutions by 128.4% in the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares in the last quarter. American International Group Inc. raised its stake in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,135 shares in the last quarter. CWM LLC raised its stake in CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after purchasing an additional 2,419 shares in the last quarter. Twin Tree Management LP acquired a new stake in CCC Intelligent Solutions in the 1st quarter worth about $53,000. Finally, Quarry LP raised its position in shares of CCC Intelligent Solutions by 304.0% in the 2nd quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after buying an additional 8,442 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

About CCC Intelligent Solutions

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.