CCC Intelligent Solutions (CCCS) Expected to Announce Quarterly Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) is projected to release its earnings data before the market opens on Tuesday, May 6th. Analysts expect CCC Intelligent Solutions to post earnings of $0.08 per share and revenue of $249.87 million for the quarter.

CCC Intelligent Solutions Stock Down 0.9 %

Shares of CCCS traded down $0.08 during trading hours on Thursday, hitting $9.18. 4,551,472 shares of the company were exchanged, compared to its average volume of 4,704,155. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The company has a market cap of $6.05 billion, a PE ratio of 459.23 and a beta of 0.77. The firm's 50 day moving average is $9.14 and its 200-day moving average is $10.68. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88.

Analyst Ratings Changes

Several equities analysts have commented on CCCS shares. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Morgan Stanley lowered their target price on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a research note on Wednesday, April 16th. Barclays cut their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. Barrington Research restated an "outperform" rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $11.00 price objective (down from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, CCC Intelligent Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $12.57.

Insider Activity

In other news, Director Eileen Schloss sold 27,478 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total transaction of $236,310.80. Following the sale, the director now owns 26,569 shares of the company's stock, valued at approximately $228,493.40. This trade represents a 50.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rodney Christo sold 20,077 shares of the company's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $10.20, for a total value of $204,785.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Insiders own 6.03% of the company's stock.

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.