CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives $13.75 Consensus Price Target from Analysts

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $13.75.

CCCS has been the topic of several analyst reports. Jefferies Financial Group reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Bank of America began coverage on CCC Intelligent Solutions in a research note on Tuesday, August 20th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Barrington Research restated an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st.

Insider Activity

In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the transaction, the insider now directly owns 30,172 shares of the company’s stock, valued at approximately $324,349. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the business’s stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total transaction of $311,986.50. Following the transaction, the insider now owns 30,172 shares in the company, valued at approximately $324,349. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Rodney Christo sold 4,177 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $10.24, for a total value of $42,772.48. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 238,387 shares of company stock valued at $2,414,009. Company insiders own 6.67% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Procyon Advisors LLC grew its holdings in CCC Intelligent Solutions by 72.8% in the third quarter. Procyon Advisors LLC now owns 79,500 shares of the company’s stock valued at $878,000 after purchasing an additional 33,496 shares during the last quarter. Strategic Wealth Partners Ltd. purchased a new stake in shares of CCC Intelligent Solutions in the 3rd quarter worth about $685,000. Norman Fields Gottscho Capital Management LLC acquired a new stake in CCC Intelligent Solutions in the 3rd quarter valued at about $3,266,000. Ghisallo Capital Management LLC purchased a new position in CCC Intelligent Solutions during the 2nd quarter valued at about $132,917,000. Finally, Maven Securities LTD purchased a new stake in shares of CCC Intelligent Solutions in the second quarter valued at about $2,778,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Stock Up 0.8 %

Shares of CCCS opened at $11.05 on Monday. The company has a current ratio of 2.79, a quick ratio of 2.79 and a debt-to-equity ratio of 0.40. The firm has a market cap of $6.87 billion, a P/E ratio of -52.62, a price-to-earnings-growth ratio of 6.26 and a beta of 0.62. The company’s 50-day moving average price is $10.72 and its 200 day moving average price is $11.06. CCC Intelligent Solutions has a 12-month low of $9.79 and a 12-month high of $12.83.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.01. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The company had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $230.16 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The firm’s revenue was up 9.9% compared to the same quarter last year. On average, sell-side analysts forecast that CCC Intelligent Solutions will post 0.16 earnings per share for the current year.

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.