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

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $13.78.

A number of equities research analysts recently weighed in on CCCS shares. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $14.00 to $15.00 in a research report on Wednesday, November 13th. Barrington Research restated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research report on Tuesday, October 29th. JPMorgan Chase & Co. reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 29th. Barclays reduced their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Finally, Bank of America started coverage on CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective on the stock.

Insiders Place Their Bets

In other news, CAO Rodney Christo sold 75,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of $11.80, for a total value of $885,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Githesh Ramamurthy sold 9,348 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $11.50, for a total value of $107,502.00. Following the completion of the transaction, the insider now directly owns 4,798,040 shares in the company, valued at $55,177,460. This represents a 0.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 443,153 shares of company stock valued at $5,390,863. 6.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Synovus Financial Corp raised its stake in CCC Intelligent Solutions by 1.6% during the 3rd quarter. Synovus Financial Corp now owns 228,404 shares of the company’s stock worth $2,524,000 after buying an additional 3,627 shares during the period. Tidal Investments LLC acquired a new position in CCC Intelligent Solutions during the 3rd quarter worth approximately $117,000. Sanctuary Advisors LLC acquired a new position in CCC Intelligent Solutions during the 3rd quarter worth approximately $136,000. Barclays PLC raised its stake in CCC Intelligent Solutions by 155.7% during the 3rd quarter. Barclays PLC now owns 109,020 shares of the company’s stock worth $1,205,000 after buying an additional 66,386 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its stake in CCC Intelligent Solutions by 45.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 165,040 shares of the company’s stock worth $1,824,000 after buying an additional 51,607 shares during the period. 95.79% of the stock is owned by institutional investors and hedge funds.

CCC Intelligent Solutions Trading Up 0.4 %

Shares of CCCS opened at $12.65 on Tuesday. CCC Intelligent Solutions has a 52-week low of $9.79 and a 52-week high of $12.83. The business’s fifty day moving average is $11.28 and its 200-day moving average is $11.11. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. The firm has a market cap of $7.91 billion, a price-to-earnings ratio of 632.50, a PEG ratio of 6.94 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS) last issued its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 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 $238.48 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter last year, the company posted $0.03 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year. Equities analysts anticipate that CCC Intelligent Solutions will post 0.17 EPS for the current fiscal 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.