CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• CCC Intelligent Solutions has received a consensus rating of "Hold" from seven covering brokerages, with one sell rating, two hold ratings, and four buy ratings.
• Director Crescenzo Neil E. De purchased 100,000 shares at $8.54 each, significantly increasing their position, while Director Eric Wei sold 30 million shares for $296.1 million.
• The company's shares are currently down 2.0% and have a year-to-date range of $8.14 to $12.88, with a market cap of $6.19 billion.

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) has been assigned an average rating of "Hold" from the seven analysts that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $12.0714.

A number of research analysts have weighed in on the company. The Goldman Sachs Group lowered their target price on CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report 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. Barrington Research reaffirmed an "outperform" rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Monday, August 4th. Barclays raised their price objective on CCC Intelligent Solutions from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research note on Friday, August 1st. Finally, Piper Sandler decreased their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th.

CCC Intelligent Solutions Stock Performance

Shares of CCC Intelligent Solutions stock traded up $0.11 during trading on Friday, hitting $9.34. 6,165,766 shares of the company's stock traded hands, compared to its average volume of 7,599,589. 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 1 year low of $8.14 and a 1 year high of $12.88. The stock has a market capitalization of $6.08 billion, a P/E ratio of 467.23 and a beta of 0.74. The business has a 50-day simple moving average of $9.48 and a 200-day simple moving average of $9.47.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last posted its earnings results 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 company had revenue of $260.45 million for the quarter, compared to the consensus estimate of $256.21 million. During the same quarter in the prior year, the company earned $0.09 earnings per share. CCC Intelligent Solutions's revenue was up 12.0% on a year-over-year basis. As a group, analysts forecast that CCC Intelligent Solutions will post 0.17 EPS for the current year.

Insider Activity at CCC Intelligent Solutions

In related news, CAO Rodney Christo sold 5,302 shares of CCC Intelligent Solutions stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $9.76, for a total transaction of $51,747.52. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Timothy A. Welsh bought 100,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were acquired at an average cost of $9.03 per share, for a total transaction of $903,000.00. Following the purchase, the insider directly owned 168,472 shares in the company, valued at $1,521,302.16. This trade represents a 146.05% increase in their position. The disclosure for this purchase can be found here. Insiders have sold 120,005,302 shares of company stock worth $1,137,051,748 in the last three months. Corporate insiders own 6.03% of the company's stock.

Hedge Funds Weigh In On CCC Intelligent Solutions

Institutional investors have recently added to or reduced their stakes in the company. Amalgamated Bank increased its position in shares of CCC Intelligent Solutions by 4.9% during 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 during the last quarter. Advisors Asset Management Inc. increased its position in shares of CCC Intelligent Solutions by 18.3% during the 2nd 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 last quarter. Park Place Capital Corp increased its position in shares of CCC Intelligent Solutions by 47.6% during the 2nd 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 last quarter. Treasurer of the State of North Carolina increased its position in shares of CCC Intelligent Solutions by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 198,807 shares of the company's stock valued at $2,332,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Townsquare Capital LLC increased its position in shares of CCC Intelligent Solutions by 6.5% during the 4th quarter. Townsquare Capital LLC now owns 24,338 shares of the company's stock valued at $285,000 after purchasing an additional 1,475 shares during the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

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.