CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Average Recommendation of “Moderate Buy” by Analysts

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCSGet Free Report) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $13.63.

A number of research analysts have recently commented on CCCS shares. Barrington Research reiterated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Wednesday, May 1st. Evercore ISI increased their price objective on CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Wednesday, March 13th.

Get Our Latest Stock Analysis on CCC Intelligent Solutions

Insider Buying and Selling

In related news, Director International L.P. Advent sold 24,973,795 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $11.30, for a total transaction of $282,203,883.50. Following the transaction, the director now owns 3,232,721 shares in the company, valued at approximately $36,529,747.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other CCC Intelligent Solutions news, Director International L.P. Advent sold 24,973,795 shares of the stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $11.30, for a total transaction of $282,203,883.50. Following the completion of the sale, the director now directly owns 3,232,721 shares of the company’s stock, valued at approximately $36,529,747.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Githesh Ramamurthy sold 55,488 shares of the stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $11.58, for a total value of $642,551.04. Following the sale, the insider now directly owns 6,463,840 shares of the company’s stock, valued at $74,851,267.20. The disclosure for this sale can be found here. Insiders have sold 67,834,732 shares of company stock worth $772,476,647 in the last quarter. 6.67% of the stock is owned by insiders.

Institutional Trading of CCC Intelligent Solutions

Several hedge funds have recently modified their holdings of the business. CWM LLC lifted its holdings in shares of CCC Intelligent Solutions by 352.6% in the 2nd quarter. CWM LLC now owns 3,105 shares of the company’s stock valued at $34,000 after buying an additional 2,419 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of CCC Intelligent Solutions by 200.1% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 203,543 shares of the company’s stock valued at $2,261,000 after buying an additional 135,710 shares during the period. Teachers Retirement System of The State of Kentucky lifted its holdings in shares of CCC Intelligent Solutions by 57.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 106,991 shares of the company’s stock valued at $1,280,000 after buying an additional 39,055 shares during the period. Comerica Bank lifted its holdings in shares of CCC Intelligent Solutions by 103.1% in the 1st quarter. Comerica Bank now owns 774,261 shares of the company’s stock valued at $9,260,000 after buying an additional 392,966 shares during the period. Finally, Tidal Investments LLC lifted its holdings in shares of CCC Intelligent Solutions by 10.2% in the 1st quarter. Tidal Investments LLC now owns 18,626 shares of the company’s stock valued at $223,000 after buying an additional 1,727 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Price Performance

Shares of NYSE CCCS opened at $11.12 on Friday. The stock’s 50-day moving average is $11.27 and its two-hundred day moving average is $11.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.53 and a quick ratio of 2.53. CCC Intelligent Solutions has a 1-year low of $10.32 and a 1-year high of $13.41. The company has a market cap of $6.91 billion, a price-to-earnings ratio of -52.95 and a beta of 0.62.

CCC Intelligent Solutions (NYSE:CCCSGet Free Report) last issued its quarterly earnings results on Tuesday, April 30th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. The company had revenue of $227.24 million for the quarter, compared to analysts’ expectations of $225.21 million. Analysts forecast that CCC Intelligent Solutions will post 0.16 EPS for the current fiscal year.

About CCC Intelligent Solutions

(Get Free Report

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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Analyst Recommendations for CCC Intelligent Solutions (NYSE:CCCS)

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