Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) have been assigned an average rating of "Moderate Buy" from the eight research firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $12.06.
CCCS has been the topic of a number of analyst reports. The Goldman Sachs Group dropped their price target on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a research report on Wednesday, May 7th. Barrington Research reiterated an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, May 7th. Morgan Stanley lowered their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. lowered shares of CCC Intelligent Solutions from a "neutral" rating to an "underweight" rating and set a $10.00 price target for the company. in a research report on Monday. Finally, Barclays dropped their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a report on Monday, April 14th.
View Our Latest Research Report on CCC Intelligent Solutions
CCC Intelligent Solutions Trading Up 1.2%
CCC Intelligent Solutions stock traded up $0.11 during mid-day trading on Friday, reaching $9.33. 9,662,299 shares of the company traded hands, compared to its average volume of 5,419,118. 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 has a 52-week low of $8.14 and a 52-week high of $12.88. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 466.73 and a beta of 0.72. The firm's 50 day moving average price is $8.94 and its 200 day moving average price is $9.96.
CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted 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. The firm had revenue of $251.57 million for the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. The business's revenue for the quarter was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.09 EPS. On average, analysts anticipate that CCC Intelligent Solutions will post 0.17 earnings per share for the current fiscal year.
Insider Buying and Selling
In other news, Director Crescenzo Neil E. De acquired 100,000 shares of the company's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $8.54 per share, with a total value of $854,000.00. Following the completion of the purchase, the director now directly owns 213,429 shares in the company, valued at $1,822,683.66. This trade represents a 88.16% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Eric Wei sold 30,000,000 shares of the company'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 completion of the sale, the director now directly owns 1,562,344 shares of the company's stock, valued at approximately $14,186,083.52. This trade represents a 95.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 60,027,478 shares of company stock worth $545,036,311 over the last three months. 6.03% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in CCCS. TD Private Client Wealth LLC acquired a new stake in CCC Intelligent Solutions during the 4th quarter valued at approximately $31,000. Quarry LP acquired a new position in CCC Intelligent Solutions during the fourth quarter valued at $36,000. Banque Cantonale Vaudoise purchased a new stake in CCC Intelligent Solutions in the first quarter valued at $37,000. AlphaQuest LLC acquired a new stake in CCC Intelligent Solutions during the 1st quarter worth about $47,000. Finally, First Horizon Advisors Inc. raised its stake in shares of CCC Intelligent Solutions by 90.0% during the 4th quarter. First Horizon Advisors Inc. now owns 5,922 shares of the company's stock valued at $69,000 after buying an additional 2,805 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.
CCC Intelligent Solutions Company Profile
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Get Free ReportCCC 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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