CCC Intelligent Solutions (NYSE:CCCS) Releases Earnings Results, Meets Estimates

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) announced its earnings results on Tuesday. The company reported $0.08 EPS for the quarter, meeting analysts' consensus estimates of $0.08, Briefing.com reports. The business had revenue of $251.57 million during the quarter, compared to analysts' expectations 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 was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share. CCC Intelligent Solutions updated its FY 2025 guidance to EPS and its Q2 2025 guidance to EPS.

CCC Intelligent Solutions Stock Up 0.7 %

Shares of NYSE:CCCS traded up $0.06 during trading on Friday, reaching $9.00. 5,077,402 shares of the company traded hands, compared to its average volume of 4,844,573. 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 has a 1-year low of $8.14 and a 1-year high of $12.88. The firm has a fifty day simple moving average of $8.97 and a 200 day simple moving average of $10.57. The firm has a market cap of $5.93 billion, a P/E ratio of 450.23 and a beta of 0.76.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Piper Sandler lowered their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a "neutral" rating for the company in a research report on Wednesday. Morgan Stanley cut their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an "overweight" rating for the company in a research report on Wednesday, April 16th. Barclays decreased their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Monday, April 14th. JPMorgan Chase & Co. downgraded shares of CCC Intelligent Solutions from an "overweight" rating to a "neutral" rating and reduced their price target for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Finally, The Goldman Sachs Group decreased their price objective on shares of CCC Intelligent Solutions from $13.00 to $11.50 and set a "buy" rating on the stock in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $12.19.

Insider Activity at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 27,478 shares of the firm's stock in a transaction that occurred on Thursday, April 3rd. The shares were sold at an average price of $8.60, for a total value of $236,310.80. Following the transaction, the director now directly owns 26,569 shares of the company's stock, valued at approximately $228,493.40. This trade represents a 50.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Eric Wei sold 42,000,000 shares of CCC Intelligent Solutions stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $10.32, for a total transaction of $433,440,000.00. Following the completion of the transaction, the director now directly owns 2,258,343 shares in the company, valued at approximately $23,306,099.76. The trade was a 94.90 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 42,087,456 shares of company stock worth $434,240,401. 6.03% of the stock is owned by insiders.

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.