CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $13.63.

A number of equities analysts have recently commented on CCCS shares. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, May 1st. Evercore ISI lifted their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Wednesday, March 13th. Piper Sandler raised their price target on CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays lifted their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th.

Insiders Place Their Bets

In other news, SVP Marc Fredman sold 9,871 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $11.88, for a total value of $117,267.48. Following the sale, the senior vice president now owns 212,542 shares in the company, valued at approximately $2,524,998.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other CCC Intelligent Solutions news, SVP Marc Fredman sold 9,871 shares of the business’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $11.88, for a total value of $117,267.48. Following the transaction, the senior vice president now owns 212,542 shares of the company’s stock, valued at $2,524,998.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Githesh Ramamurthy sold 1,000,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.86, for a total value of $11,860,000.00. Following the completion of the sale, the insider now owns 6,463,840 shares of the company’s stock, valued at $76,661,142.40. The disclosure for this sale can be found here. Insiders sold 60,563,332 shares of company stock worth $695,587,511 over the last three months. 6.67% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CCCS. Banque Cantonale Vaudoise grew its holdings in CCC Intelligent Solutions by 128.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after acquiring an additional 1,424 shares during the period. American International Group Inc. boosted its holdings in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after buying an additional 1,135 shares during the last quarter. Park Place Capital Corp grew its position in shares of CCC Intelligent Solutions by 65.9% during the 4th quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock worth $48,000 after buying an additional 1,659 shares during the period. Twin Tree Management LP bought a new stake in shares of CCC Intelligent Solutions in the 1st quarter valued at about $53,000. Finally, Covestor Ltd raised its position in shares of CCC Intelligent Solutions by 781.7% in the 3rd quarter. Covestor Ltd now owns 6,895 shares of the company’s stock valued at $92,000 after acquiring an additional 6,113 shares during the period. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Trading Down 0.8 %

Shares of NYSE:CCCS opened at $11.52 on Tuesday. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $7.16 billion, a PE ratio of -54.86, a P/E/G ratio of 5.57 and a beta of 0.62. CCC Intelligent Solutions has a 1 year low of $10.32 and a 1 year high of $13.41. The firm has a fifty day moving average price of $11.35 and a 200 day moving average price of $11.41.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.85% and a positive return on equity of 4.52%. The company had revenue of $227.24 million for the quarter, compared to analyst estimates of $225.21 million. Analysts expect that CCC Intelligent Solutions will post 0.16 EPS for the current fiscal year.

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.