Stifel Nicolaus Lowers CCC Intelligent Solutions (NYSE:CCCS) Price Target to $11.00

CCC Intelligent Solutions (NYSE:CCCS) had its price target cut by investment analysts at Stifel Nicolaus from $13.00 to $11.00 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ target price suggests a potential upside of 26.15% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Piper Sandler restated a “hold” rating and issued a $10.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday, August 14th. Jefferies Financial Group set a $11.00 price objective on shares of CCC Intelligent Solutions in a report on Thursday. Barclays cut their price objective on shares of CCC Intelligent Solutions from $12.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 14th. Finally, Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $11.38.

CCC Intelligent Solutions Price Performance

Shares of CCCS stock opened at $8.72 on Friday. CCC Intelligent Solutions has a 1 year low of $8.14 and a 1 year high of $12.88. The firm’s 50 day moving average is $9.39 and its 200-day moving average is $9.33. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 436.22 and a beta of 0.72. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39.

CCC Intelligent Solutions (NYSE:CCCS) last announced its earnings results on Thursday, October 30th. The company reported $0.09 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.09. CCC Intelligent Solutions had a net margin of 5.02% and a return on equity of 5.35%. The company had revenue of $267.12 million for the quarter, compared to analyst estimates of $265.01 million. During the same period in the prior year, the business earned $0.10 earnings per share. CCC Intelligent Solutions’s quarterly revenue was up 12.0% on a year-over-year basis. CCC Intelligent Solutions has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. Sell-side analysts forecast that CCC Intelligent Solutions will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other CCC Intelligent Solutions news, Director Lauren Young sold 30,000,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $9.87, for a total value of $296,100,000.00. Following the completion of the sale, the director owned 866,345 shares of the company’s stock, valued at approximately $8,550,825.15. This represents a 97.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Page Goodson sold 150,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $9.59, for a total transaction of $1,438,500.00. Following the completion of the sale, the insider directly owned 157,478 shares of the company’s stock, valued at $1,510,214.02. The trade was a 48.78% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 60,192,531 shares of company stock valued at $594,054,878. Corporate insiders own 6.03% of the company’s stock.

Institutional Investors Weigh In On CCC Intelligent Solutions

Several large investors have recently bought and sold shares of CCCS. KBC Group NV increased its stake in CCC Intelligent Solutions by 26.0% in the first quarter. KBC Group NV now owns 20,261 shares of the company’s stock valued at $183,000 after purchasing an additional 4,186 shares in the last quarter. Amalgamated Bank increased its stake in CCC Intelligent Solutions by 4.9% in the first quarter. Amalgamated Bank now owns 24,885 shares of the company’s stock valued at $225,000 after purchasing an additional 1,163 shares in the last quarter. Teacher Retirement System of Texas increased its position in shares of CCC Intelligent Solutions by 13.6% during the first quarter. Teacher Retirement System of Texas now owns 184,804 shares of the company’s stock worth $1,669,000 after acquiring an additional 22,185 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of CCC Intelligent Solutions by 1.4% during the first quarter. Principal Financial Group Inc. now owns 27,303,495 shares of the company’s stock worth $246,551,000 after acquiring an additional 363,944 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of CCC Intelligent Solutions by 3.3% during the first quarter. Bank of New York Mellon Corp now owns 2,382,922 shares of the company’s stock worth $21,518,000 after acquiring an additional 76,144 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

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.