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

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has been given a consensus recommendation of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $13.75.

A number of brokerages have recently commented on CCCS. Barrington Research reaffirmed an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st. Jefferies Financial Group dropped their price target 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. Finally, 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 price target for the company.

Insider Activity

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $42,772.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other CCC Intelligent Solutions news, insider Brian Herb sold 20,887 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $213,882.88. Following the transaction, the insider now directly owns 217,872 shares of the company’s stock, valued at approximately $2,231,009.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were 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 238,387 shares of company stock valued at $2,414,009 over the last three months. 6.67% of the stock is owned by insiders.

Institutional Investors Weigh In On CCC Intelligent Solutions

Hedge funds have recently bought and sold shares of the company. Sei Investments Co. raised its holdings in CCC Intelligent Solutions by 15.3% in the first quarter. Sei Investments Co. now owns 1,887,533 shares of the company’s stock worth $22,575,000 after purchasing an additional 250,314 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of CCC Intelligent Solutions during the first quarter worth $4,086,000. Comerica Bank raised its holdings in shares of CCC Intelligent Solutions by 103.1% during the first quarter. Comerica Bank now owns 774,261 shares of the company’s stock worth $9,260,000 after acquiring an additional 392,966 shares during the period. Dragoneer Investment Group LLC raised its holdings in shares of CCC Intelligent Solutions by 31.5% during the second quarter. Dragoneer Investment Group LLC now owns 15,904,993 shares of the company’s stock worth $176,704,000 after acquiring an additional 3,809,200 shares during the period. Finally, Swiss National Bank raised its holdings in shares of CCC Intelligent Solutions by 14.5% during the first quarter. Swiss National Bank now owns 475,900 shares of the company’s stock worth $5,692,000 after acquiring an additional 60,400 shares during the period. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Stock Down 0.1 %

CCC Intelligent Solutions stock opened at $11.16 on Monday. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of -53.14, a P/E/G ratio of 6.26 and a beta of 0.62. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.79 and a quick ratio of 2.79. CCC Intelligent Solutions has a fifty-two week low of $9.79 and a fifty-two week high of $12.73. The firm has a fifty day moving average price of $10.75 and a two-hundred day moving average price of $11.06.

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, topping analysts’ consensus estimates 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 revenue was up 9.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.02 EPS. As a group, analysts forecast that CCC Intelligent Solutions will post 0.16 earnings per share for the current 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.