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

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $13.75.

A number of research firms have recently commented on CCCS. Jefferies Financial Group dropped their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. 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 objective on the stock. Finally, Barrington Research reiterated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st.

CCC Intelligent Solutions Stock Down 0.5 %

Shares of CCCS stock opened at $10.88 on Thursday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. CCC Intelligent Solutions has a twelve month low of $9.79 and a twelve month high of $13.41. The stock has a 50 day moving average of $10.69 and a 200 day moving average of $11.19. The stock has a market cap of $6.76 billion, a P/E ratio of -51.81, a P/E/G ratio of 6.35 and a beta of 0.62.

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

Insider Transactions at CCC Intelligent Solutions

In related news, insider Brian Herb sold 20,887 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the transaction, the insider now directly owns 217,872 shares of the company’s stock, valued at approximately $2,231,009.28. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, insider Brian Herb sold 20,887 shares of the company’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now owns 217,872 shares of the company’s stock, valued at approximately $2,231,009.28. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total transaction of $42,772.48. The disclosure for this sale can be found here. Insiders have sold 25,212,582 shares of company stock valued at $284,622,492 over the last ninety days. Insiders own 6.67% of the company’s stock.

Institutional Trading of CCC Intelligent Solutions

Large investors have recently added to or reduced their stakes in the stock. Ghisallo Capital Management LLC acquired a new position in shares of CCC Intelligent Solutions during the 2nd quarter valued at about $132,917,000. Maven Securities LTD acquired a new position in CCC Intelligent Solutions in the 2nd quarter valued at about $2,778,000. Teachers Retirement System of The State of Kentucky grew its stake in shares of CCC Intelligent Solutions by 6.0% in the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 113,433 shares of the company’s stock valued at $1,260,000 after buying an additional 6,442 shares during the period. Quarry LP increased its holdings in shares of CCC Intelligent Solutions by 304.0% during the 2nd quarter. Quarry LP now owns 11,219 shares of the company’s stock worth $125,000 after buying an additional 8,442 shares during the last quarter. Finally, Algert Global LLC purchased a new stake in shares of CCC Intelligent Solutions during the 2nd quarter valued at approximately $343,000. 95.79% of the stock is currently 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.