CCC Intelligent Solutions (NYSE:CCCS) Posts Earnings Results, Meets Expectations

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) posted its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08, Briefing.com reports. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. During the same quarter last year, the business posted $0.09 earnings per share. The business's revenue was up 10.7% compared to the same quarter last year. CCC Intelligent Solutions updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS traded down $0.39 during mid-day trading on Tuesday, reaching $8.81. The company's stock had a trading volume of 2,401,333 shares, compared to its average volume of 4,707,435. The stock has a market capitalization of $5.80 billion, a P/E ratio of 440.97 and a beta of 0.76. CCC Intelligent Solutions has a 1-year low of $8.14 and a 1-year high of $12.88. The stock has a 50-day moving average of $9.08 and a two-hundred day moving average of $10.64. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on CCCS shares. Barrington Research reissued an "outperform" rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and dropped their price objective for the company from $14.00 to $11.00 in a report on Wednesday, February 26th. Piper Sandler reaffirmed a "neutral" rating and set a $11.00 target price (down from $13.00) on shares of CCC Intelligent Solutions in a research note on Wednesday, February 26th. Morgan Stanley cut 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. Finally, Barclays decreased 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. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $12.57.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eric Wei sold 42,000,000 shares of the business's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the transaction, the director now owns 2,258,343 shares of the company's stock, valued at approximately $23,306,099.76. The trade was a 94.90 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Rodney Christo sold 5,846 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,087,456 shares of company stock valued at $434,240,401. Corporate insiders own 6.03% of the company's stock.

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.

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