CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Average Rating of "Moderate Buy" from Analysts

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $12.19.

CCCS has been the subject of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating for the company in a research note on Wednesday, May 7th. JPMorgan Chase & Co. cut shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $14.00 to $11.00 in a report on Wednesday, February 26th. Piper Sandler reduced their price target on shares of CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Barclays reduced their price target on shares of 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. Finally, Morgan Stanley reduced their price target on shares of CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a report on Wednesday, April 16th.

Insider Transactions at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 20,077 shares of the business's 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the business's stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total transaction of $272,400,000.00. Following the sale, the director now directly owns 1,562,344 shares of the company's stock, valued at approximately $14,186,083.52. The trade was a 95.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 102,087,456 shares of company stock valued at $979,040,401 over the last three months. Corporate insiders own 6.03% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets purchased a new position in CCC Intelligent Solutions during the fourth quarter worth about $1,699,000. UMB Bank n.a. purchased a new position in CCC Intelligent Solutions during the fourth quarter worth about $28,000. Ameriprise Financial Inc. boosted its holdings in CCC Intelligent Solutions by 42.3% during the fourth quarter. Ameriprise Financial Inc. now owns 986,831 shares of the company's stock worth $11,576,000 after purchasing an additional 293,355 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in CCC Intelligent Solutions by 29.0% during the fourth quarter. Conestoga Capital Advisors LLC now owns 12,261,035 shares of the company's stock worth $143,822,000 after purchasing an additional 2,752,950 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in CCC Intelligent Solutions by 3.0% during the fourth quarter. Wells Fargo & Company MN now owns 903,510 shares of the company's stock worth $10,598,000 after purchasing an additional 26,694 shares during the last quarter. 95.79% of the stock is currently owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Trading Up 0.9%

NYSE CCCS traded up $0.08 during mid-day trading on Tuesday, reaching $8.76. 8,819,082 shares of the stock were exchanged, compared to its average volume of 5,083,018. CCC Intelligent Solutions has a one year low of $8.14 and a one year high of $12.88. The stock has a 50 day simple moving average of $8.88 and a 200-day simple moving average of $10.39. The stock has a market cap of $5.77 billion, a P/E ratio of 438.22 and a beta of 0.76. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The business had revenue of $251.57 million during the quarter, compared to the consensus estimate of $249.87 million. During the same quarter last year, the firm earned $0.09 earnings per share. CCC Intelligent Solutions's quarterly revenue was up 10.7% on a year-over-year basis. On average, analysts anticipate that CCC Intelligent Solutions will post 0.17 EPS 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.