CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives $13.63 Average PT from Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $13.63.

Several equities research analysts have recently commented on the company. Barclays boosted their price target on CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research note on Thursday, February 29th. Citigroup reissued a “buy” rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a report on Thursday, February 8th. Piper Sandler lifted their price target on CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Evercore ISI increased their price objective on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Finally, Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Thursday, February 29th.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were sold at an average price of $12.50, for a total value of $375,000.00. Following the completion of the transaction, the chief accounting officer now owns 14,154 shares of the company’s stock, valued at $176,925. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Githesh Ramamurthy sold 57,619 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, April 24th. The stock was sold at an average price of $11.52, for a total value of $663,770.88. Following the completion of the sale, the insider now owns 6,463,840 shares of the company’s stock, valued at $74,463,436.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Rodney Christo sold 30,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $12.50, for a total value of $375,000.00. Following the completion of the transaction, the chief accounting officer now owns 14,154 shares of the company’s stock, valued at $176,925. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 59,706,755 shares of company stock worth $681,785,331. Corporate insiders own 6.47% of the company’s stock.

Institutional Trading of CCC Intelligent Solutions

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCCS. Banque Cantonale Vaudoise boosted its position in shares of CCC Intelligent Solutions by 128.4% in the first 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 last quarter. Park Place Capital Corp grew its stake 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 valued at $48,000 after buying an additional 1,659 shares during the period. Covestor Ltd increased its holdings in shares of CCC Intelligent Solutions by 781.7% during the 3rd quarter. Covestor Ltd now owns 6,895 shares of the company’s stock worth $92,000 after buying an additional 6,113 shares during the last quarter. Parkside Financial Bank & Trust purchased a new position in shares of CCC Intelligent Solutions in the 4th quarter worth $99,000. Finally, Coldstream Capital Management Inc. acquired a new position in CCC Intelligent Solutions in the fourth quarter valued at $119,000. Hedge funds and other institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Price Performance

CCC Intelligent Solutions stock opened at $11.50 on Monday. The company has a market cap of $6.95 billion, a P/E ratio of -54.76 and a beta of 0.62. CCC Intelligent Solutions has a one year low of $8.42 and a one year high of $13.41. The business has a fifty day moving average of $11.75 and a two-hundred day moving average of $11.48. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 2.29.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings data on Wednesday, February 28th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). CCC Intelligent Solutions had a negative net margin of 10.67% and a positive return on equity of 5.80%. The company had revenue of $228.60 million during the quarter, compared to analyst estimates of $222.80 million. As a group, analysts predict that CCC Intelligent Solutions will post 0.18 earnings per share for the current fiscal year.

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.