CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have earned a consensus rating of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $13.63.

Several equities analysts have recently weighed in on the stock. Citigroup reissued a “buy” rating and issued a $13.00 price target on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Barrington Research reissued an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Wednesday, May 1st. Evercore ISI raised their price target on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 13th. Barclays raised their price objective on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 29th. Finally, Piper Sandler raised their price objective on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st.

CCC Intelligent Solutions Stock Performance

CCCS opened at $11.67 on Friday. The company has a quick ratio of 2.53, a current ratio of 2.53 and a debt-to-equity ratio of 0.43. The company has a market cap of $7.17 billion, a price-to-earnings ratio of -55.57, a PEG ratio of 5.50 and a beta of 0.63. CCC Intelligent Solutions has a 52-week low of $9.96 and a 52-week high of $13.41. The firm’s fifty day simple moving average is $11.46 and its two-hundred day simple moving average is $11.40.

CCC Intelligent Solutions (NYSE:CCCS) last posted 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). The business had revenue of $227.24 million during the quarter, compared to analysts’ expectations of $225.21 million. CCC Intelligent Solutions had a positive return on equity of 4.52% and a negative net margin of 10.85%. Equities analysts anticipate that CCC Intelligent Solutions will post 0.16 earnings per share for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, insider Brian Herb sold 23,521 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $11.81, for a total transaction of $277,783.01. Following the completion of the sale, the insider now directly owns 288,076 shares in the company, valued at $3,402,177.56. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, insider Brian Herb sold 23,521 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $11.81, for a total value of $277,783.01. Following the completion of the transaction, the insider now owns 288,076 shares of the company’s stock, valued at $3,402,177.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $11.33, for a total transaction of $466,401,024.87. Following the completion of the transaction, the director now directly owns 5,164,022 shares of the company’s stock, valued at approximately $58,508,369.26. The disclosure for this sale can be found here. Insiders sold a total of 59,806,755 shares of company stock worth $682,935,331 over the last three months. Insiders own 6.67% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CCCS. Principal Financial Group Inc. lifted its stake in CCC Intelligent Solutions by 144,359.9% in the first quarter. Principal Financial Group Inc. now owns 18,329,069 shares of the company’s stock worth $219,216,000 after acquiring an additional 18,316,381 shares during the last quarter. Akre Capital Management LLC purchased a new position in CCC Intelligent Solutions in the first quarter worth approximately $83,720,000. Vanguard Group Inc. lifted its stake in CCC Intelligent Solutions by 34.0% in the fourth quarter. Vanguard Group Inc. now owns 23,809,077 shares of the company’s stock worth $271,185,000 after acquiring an additional 6,043,282 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of CCC Intelligent Solutions by 128.7% during the 4th quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock worth $118,870,000 after buying an additional 5,873,823 shares during the last quarter. Finally, Conestoga Capital Advisors LLC lifted its position in shares of CCC Intelligent Solutions by 526.7% during the 1st quarter. Conestoga Capital Advisors LLC now owns 6,310,340 shares of the company’s stock worth $75,472,000 after buying an additional 5,303,425 shares during the last quarter. Hedge funds and other institutional investors own 95.79% 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.