CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Average Rating of "Hold" from Brokerages

Key Points

• CCC Intelligent Solutions Holdings Inc. has received an average consensus rating of "Hold" from six brokerages, with analysts providing various price targets ranging from $10.00 to $14.00.
• The company recently reported a quarterly earnings per share (EPS) of $0.09, beating analysts’ expectations, with a year-over-year revenue increase of 12% to $260.45 million.
• Insider activity has seen significant sales, with Director Lauren Young selling 30 million shares for approximately $296 million, leading to a 97.19% decrease in their position.

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) has earned a consensus recommendation of "Hold" from the six brokerages that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $11.75.

Several brokerages recently issued reports on CCCS. Barclays lifted their target price on CCC Intelligent Solutions from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Friday, August 1st. Piper Sandler reissued a "hold" rating and set a $10.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, August 14th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 target price on the stock. in a research note on Monday, June 23rd. The Goldman Sachs Group reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, May 7th. Finally, Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research report on Monday, August 4th.

CCC Intelligent Solutions Trading Down 0.6%

Shares of NYSE:CCCS opened at $9.74 on Thursday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 487.24 and a beta of 0.74. 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 stock's 50-day simple moving average is $9.71 and its two-hundred day simple moving average is $9.34. CCC Intelligent Solutions has a 52-week low of $8.14 and a 52-week high of $12.88.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.09 earnings per share for the quarter, beating analysts' consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%.The firm had revenue of $260.45 million for the quarter, compared to analysts' expectations of $256.21 million. During the same period in the previous year, the firm earned $0.09 EPS. The business's quarterly revenue was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its Q3 2025 guidance at EPS. FY 2025 guidance at EPS. Analysts expect that CCC Intelligent Solutions will post 0.17 EPS for the current year.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the company's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $9.87, for a total value of $296,100,000.00. Following the completion of the sale, the director directly owned 866,345 shares in the company, valued at approximately $8,550,825.15. This represents a 97.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Rodney Christo sold 5,302 shares of the company's stock in a transaction on Thursday, July 31st. The stock was sold at an average price of $9.76, for a total value of $51,747.52. The disclosure for this sale can be found here. Insiders sold a total of 60,005,302 shares of company stock worth $592,251,748 in the last quarter. 6.03% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Amalgamated Bank increased its holdings in shares of CCC Intelligent Solutions by 4.9% in the first quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after purchasing an additional 1,163 shares during the period. Advisors Asset Management Inc. increased its holdings in shares of CCC Intelligent Solutions by 18.3% in the second quarter. Advisors Asset Management Inc. now owns 7,806 shares of the company's stock valued at $73,000 after purchasing an additional 1,207 shares during the period. Park Place Capital Corp increased its holdings in shares of CCC Intelligent Solutions by 47.6% in the second quarter. Park Place Capital Corp now owns 3,806 shares of the company's stock valued at $36,000 after purchasing an additional 1,228 shares during the period. Quantinno Capital Management LP increased its holdings in shares of CCC Intelligent Solutions by 8.8% in the fourth quarter. Quantinno Capital Management LP now owns 19,036 shares of the company's stock valued at $223,000 after purchasing an additional 1,541 shares during the period. Finally, Valeo Financial Advisors LLC increased its holdings in shares of CCC Intelligent Solutions by 14.6% in the second quarter. Valeo Financial Advisors LLC now owns 12,706 shares of the company's stock valued at $120,000 after purchasing an additional 1,622 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

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.

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