CCC Intelligent Solutions (CCCS) Projected to Post Quarterly Earnings on Thursday

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) is anticipated to announce its earnings results after the market closes on Thursday, July 31st. Analysts expect the company to announce earnings of $0.08 per share and revenue of $256.21 million for the quarter. CCC Intelligent Solutions has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. The business had revenue of $251.57 million for the quarter, compared to analysts' expectations of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business's quarterly revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. On average, analysts expect CCC Intelligent Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CCC Intelligent Solutions Stock Performance

CCCS traded up $0.14 during trading on Friday, reaching $10.02. 3,487,187 shares of the company were exchanged, compared to its average volume of 7,445,245. The stock has a market cap of $6.60 billion, a P/E ratio of 501.25 and a beta of 0.74. The firm has a 50 day moving average of $9.28 and a 200 day moving average of $9.60. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88.

Analyst Ratings Changes

Several research analysts have recently issued reports 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 note on Wednesday, May 7th. The Goldman Sachs Group reduced their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a report on Wednesday, May 7th. Barclays reduced their target price on CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a report on Monday, April 14th. Piper Sandler reduced their target price on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price for the company. in a report on Monday, June 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $12.06.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, Director Crescenzo Neil E. De bought 100,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of $8.54 per share, for a total transaction of $854,000.00. Following the purchase, the director directly owned 213,429 shares in the company, valued at $1,822,683.66. This trade represents a 88.16% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Eric Wei sold 30,000,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total value of $272,400,000.00. Following the completion of the sale, the director owned 1,562,344 shares of the company's stock, valued at $14,186,083.52. This represents a 95.05% decrease in their position. The disclosure for this sale can be found here. 6.03% of the stock is owned by company insiders.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds have recently modified their holdings of CCCS. Advisors Asset Management Inc. lifted its position in shares of CCC Intelligent Solutions by 40.4% in the 1st quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company's stock worth $60,000 after acquiring an additional 1,898 shares during the period. NewEdge Advisors LLC lifted its position in shares of CCC Intelligent Solutions by 68.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,578 shares of the company's stock worth $394,000 after acquiring an additional 17,633 shares during the period. Jane Street Group LLC lifted its position in shares of CCC Intelligent Solutions by 179.6% during the 1st quarter. Jane Street Group LLC now owns 679,581 shares of the company's stock worth $6,137,000 after buying an additional 436,561 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of CCC Intelligent Solutions by 6.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,145 shares of the company's stock worth $11,126,000 after buying an additional 74,208 shares during the period. Finally, Goldman Sachs Group Inc. lifted its position in shares of CCC Intelligent Solutions by 1,761.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company's stock worth $27,146,000 after buying an additional 2,844,773 shares during the period. Institutional investors own 95.79% of the company's stock.

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.