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

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eight brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $12.06.

Several equities research analysts have recently issued reports on CCCS shares. Barrington Research restated an "outperform" rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, May 7th. Barclays lowered 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 report on Monday, April 14th. 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 report on Wednesday, May 7th. JPMorgan Chase & Co. lowered shares of 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. Finally, Piper Sandler lowered their target price 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.

Insider Activity at CCC Intelligent Solutions

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

Institutional Investors Weigh In On CCC Intelligent Solutions

Several large investors have recently modified their holdings of the business. Amalgamated Bank raised its holdings in shares of CCC Intelligent Solutions by 4.9% in the 1st quarter. Amalgamated Bank now owns 24,885 shares of the company's stock valued at $225,000 after purchasing an additional 1,163 shares in the last quarter. Treasurer of the State of North Carolina grew its position in shares of CCC Intelligent Solutions by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 198,807 shares of the company's stock worth $2,332,000 after buying an additional 1,250 shares during the last quarter. Townsquare Capital LLC grew its position in shares of CCC Intelligent Solutions by 6.5% in the 4th quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock worth $285,000 after buying an additional 1,475 shares during the last quarter. Avantax Advisory Services Inc. grew its position in shares of CCC Intelligent Solutions by 5.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 28,625 shares of the company's stock worth $336,000 after buying an additional 1,527 shares during the last quarter. Finally, Alliancebernstein L.P. grew its position in shares of CCC Intelligent Solutions by 0.8% in the 4th quarter. Alliancebernstein L.P. now owns 188,631 shares of the company's stock worth $2,213,000 after buying an additional 1,539 shares during the last quarter. Institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Stock Performance

Shares of NYSE:CCCS opened at $9.44 on Wednesday. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88. The stock has a market capitalization of $6.22 billion, a P/E ratio of 472.24 and a beta of 0.74. The firm has a fifty day simple moving average of $9.15 and a two-hundred day simple moving average of $9.70. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS 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 analysts' expectations of $249.87 million. During the same period last year, the company posted $0.09 EPS. The business's revenue was up 10.7% on a year-over-year basis. On average, analysts expect that CCC Intelligent Solutions will post 0.17 earnings per share for the current fiscal year.

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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