Brokerages Set CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) PT at $13.78

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the firm, Marketbeat 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 twelve-month target price among brokers that have covered the stock in the last year is $13.75.

Several equities analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company 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 set a “buy” rating and a $15.00 target price for the company. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research report on Wednesday, July 31st.

CCC Intelligent Solutions Stock Performance

NYSE:CCCS opened at $10.98 on Thursday. CCC Intelligent Solutions has a fifty-two week low of $9.79 and a fifty-two week high of $13.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.79 and a current ratio of 2.79. The company has a 50 day moving average price of $10.71 and a 200 day moving average price of $11.22. The stock has a market capitalization of $6.83 billion, a P/E ratio of -52.29, a PEG ratio of 6.16 and a beta of 0.62.

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 the consensus estimate of $0.08 by $0.01. The business had revenue of $232.60 million during the quarter, compared to analyst estimates of $230.16 million. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The company’s quarterly revenue was up 9.9% on a year-over-year basis. During the same period last year, the business posted $0.02 earnings per share. Equities research analysts forecast that CCC Intelligent Solutions will post 0.16 EPS for the current year.

Insiders Place Their Bets

In related news, insider Brian Herb sold 20,887 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total value of $213,882.88. Following the completion of the sale, the insider now directly owns 217,872 shares of the company’s stock, valued at $2,231,009.28. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, insider Michael John Silva sold 29,022 shares of the firm’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the transaction, the insider now directly owns 30,172 shares in the company, valued at $324,349. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Brian Herb sold 20,887 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $213,882.88. Following the completion of the sale, the insider now owns 217,872 shares of the company’s stock, valued at approximately $2,231,009.28. The disclosure for this sale can be found here. Insiders sold 25,292,611 shares of company stock valued at $285,547,265 in the last ninety days. Insiders own 6.67% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wedmont Private Capital increased its holdings in shares of CCC Intelligent Solutions by 9.7% in the first quarter. Wedmont Private Capital now owns 12,266 shares of the company’s stock valued at $146,000 after purchasing an additional 1,082 shares during the period. American International Group Inc. increased its stake in CCC Intelligent Solutions by 68.6% in the 1st quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after buying an additional 1,135 shares during the period. Bradley Foster & Sargent Inc. CT increased its stake in CCC Intelligent Solutions by 2.1% in the 2nd quarter. Bradley Foster & Sargent Inc. CT now owns 67,047 shares of the company’s stock valued at $745,000 after buying an additional 1,390 shares during the period. Banque Cantonale Vaudoise raised its position in CCC Intelligent Solutions by 128.4% during the 1st quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after buying an additional 1,424 shares during the last quarter. Finally, Parkside Financial Bank & Trust lifted its stake in shares of CCC Intelligent Solutions by 15.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after acquiring an additional 1,564 shares during the period. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.