CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS – Get Rating) has been assigned a consensus rating of "Moderate Buy" from the seven analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $11.83.
A number of brokerages have weighed in on CCCS. The Goldman Sachs Group upgraded CCC Intelligent Solutions from a "neutral" rating to a "buy" rating and set a $12.00 price objective for the company in a research note on Wednesday, July 13th. Piper Sandler assumed coverage on CCC Intelligent Solutions in a research note on Monday, August 8th. They set a "neutral" rating and a $11.00 price objective for the company. Jefferies Financial Group assumed coverage on CCC Intelligent Solutions in a research report on Friday, July 8th. They issued a "buy" rating and a $12.00 target price for the company. Bank of America assumed coverage on CCC Intelligent Solutions in a research report on Friday, June 3rd. They issued a "buy" rating and a $13.00 target price for the company. Finally, William Blair reiterated an "outperform" rating on shares of CCC Intelligent Solutions in a research report on Friday, August 5th.
Get CCC Intelligent Solutions alerts:CCC Intelligent Solutions Stock Performance
Shares of NYSE:CCCS opened at $8.48 on Friday. The company has a market cap of $5.23 billion, a P/E ratio of -21.20, a PEG ratio of 1.52 and a beta of 0.86. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.46 and a current ratio of 2.46. CCC Intelligent Solutions has a one year low of $7.41 and a one year high of $13.46. The business's 50-day simple moving average is $9.54 and its 200 day simple moving average is $9.49.
CCC Intelligent Solutions (NYSE:CCCS – Get Rating) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.08 by ($0.02). CCC Intelligent Solutions had a negative net margin of 29.61% and a negative return on equity of 0.45%. The business had revenue of $192.79 million for the quarter, compared to analyst estimates of $189.80 million. On average, sell-side analysts forecast that CCC Intelligent Solutions will post 0.24 earnings per share for the current fiscal year.Insider Buying and Selling at CCC Intelligent Solutions
In other CCC Intelligent Solutions news, Director William Ingram sold 19,096 shares of CCC Intelligent Solutions stock in a transaction on Monday, August 8th. The stock was sold at an average price of $9.88, for a total transaction of $188,668.48. Following the sale, the director now owns 8,404 shares of the company's stock, valued at approximately $83,031.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other CCC Intelligent Solutions news, Director William Ingram sold 19,096 shares of CCC Intelligent Solutions stock in a transaction on Monday, August 8th. The stock was sold at an average price of $9.88, for a total transaction of $188,668.48. Following the sale, the director now owns 8,404 shares of the company's stock, valued at approximately $83,031.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Mary Jo Prigge sold 102,165 shares of CCC Intelligent Solutions stock in a transaction on Thursday, September 8th. The shares were sold at an average price of $9.53, for a total value of $973,632.45. The disclosure for this sale can be found here. Insiders have sold 245,087 shares of company stock valued at $2,379,763 in the last quarter. Corporate insiders own 6.81% of the company's stock.
Institutional Trading of CCC Intelligent Solutions
Hedge funds and other institutional investors have recently modified their holdings of the company. Psagot Value Holdings Ltd. Israel raised its stake in shares of CCC Intelligent Solutions by 128.5% in the 4th quarter. Psagot Value Holdings Ltd. Israel now owns 2,324 shares of the company's stock worth $26,000 after buying an additional 1,307 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of CCC Intelligent Solutions in the 2nd quarter worth $53,000. Parkwood LLC grew its holdings in shares of CCC Intelligent Solutions by 95.0% in the 2nd quarter. Parkwood LLC now owns 58,855 shares of the company's stock worth $59,000 after acquiring an additional 28,679 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of CCC Intelligent Solutions by 252.1% in the 1st quarter. Quantbot Technologies LP now owns 5,735 shares of the company's stock worth $63,000 after acquiring an additional 4,106 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of CCC Intelligent Solutions by 277.6% in the 1st quarter. Royal Bank of Canada now owns 7,696 shares of the company's stock worth $85,000 after acquiring an additional 5,658 shares during the last quarter. Institutional investors own 96.20% of the company's stock.
CCC Intelligent Solutions Company Profile
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CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. It SaaS platform digitizes mission-critical AI-enabled workflows, facilitates commerce, and connects businesses across the insurance economy, including insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.
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