CCC Intelligent Solutions (CCCS) to Release Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) is expected to post its quarterly earnings results 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 Trading Up 0.9 %

Shares of NYSE:CCCS traded up $0.08 during trading hours on Friday, hitting $9.26. 4,302,253 shares of the company's stock traded hands, compared to its average volume of 4,707,074. The firm has a market capitalization of $6.10 billion, a P/E ratio of 463.23 and a beta of 0.77. The business has a fifty day moving average price of $9.10 and a 200-day moving average price of $10.65. CCC Intelligent Solutions has a 1 year low of $8.14 and a 1 year high of $12.88. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

Insider Buying and Selling

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 20,077 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $10.20, for a total transaction of $204,785.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Eric Wei sold 42,000,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the completion of the transaction, the director now directly owns 2,258,343 shares in the company, valued at approximately $23,306,099.76. The trade was a 94.90 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,087,456 shares of company stock valued at $434,240,401 over the last 90 days. Corporate insiders own 6.03% of the company's stock.

Analysts Set New Price Targets

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

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.