CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Given Average Rating of "Moderate Buy" by Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the nine brokerages that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.78.

Several equities research analysts have commented on the company. Barrington Research reiterated an "outperform" rating and set a $14.00 price objective on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating for the company in a research note on Tuesday, October 29th. Morgan Stanley upgraded CCC Intelligent Solutions from an "equal weight" rating to an "overweight" rating and boosted their target price for the stock from $14.00 to $15.00 in a report on Wednesday, November 13th. Bank of America started coverage on CCC Intelligent Solutions in a report on Tuesday, August 20th. They set a "buy" rating and a $15.00 target price on the stock. Finally, Barclays lowered their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating on the stock in a report on Tuesday, October 29th.

Insider Activity at CCC Intelligent Solutions

In other news, CAO Rodney Christo sold 9,916 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $12.67, for a total transaction of $125,635.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Githesh Ramamurthy sold 9,348 shares of the company's stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $11.50, for a total value of $107,502.00. Following the sale, 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 443,153 shares of company stock worth $5,390,863. Insiders own 6.67% of the company's stock.

Institutional Trading of CCC Intelligent Solutions

A number of large investors have recently modified their holdings of CCCS. Advisors Asset Management Inc. increased its holdings in CCC Intelligent Solutions by 153.0% in the third quarter. Advisors Asset Management Inc. now owns 2,859 shares of the company's stock valued at $32,000 after buying an additional 1,729 shares during the last quarter. CWM LLC boosted its stake in CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company's stock valued at $34,000 after acquiring an additional 2,419 shares in the last quarter. Huntington National Bank boosted its stake in CCC Intelligent Solutions by 37.6% in the third quarter. Huntington National Bank now owns 5,852 shares of the company's stock valued at $65,000 after acquiring an additional 1,599 shares in the last quarter. Marco Investment Management LLC acquired a new position in CCC Intelligent Solutions in the third quarter valued at $113,000. Finally, KBC Group NV boosted its stake in CCC Intelligent Solutions by 81.7% in the third quarter. KBC Group NV now owns 10,314 shares of the company's stock valued at $114,000 after acquiring an additional 4,637 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company's stock.

CCC Intelligent Solutions Price Performance

Shares of CCC Intelligent Solutions stock traded down $0.10 on Tuesday, hitting $12.55. The company's stock had a trading volume of 5,230,175 shares, compared to its average volume of 3,405,565. The company has a debt-to-equity ratio of 0.39, a quick ratio of 3.19 and a current ratio of 3.19. CCC Intelligent Solutions has a 1 year low of $9.79 and a 1 year high of $12.83. The firm has a fifty day moving average price of $11.28 and a 200-day moving average price of $11.11. The company has a market capitalization of $7.85 billion, a price-to-earnings ratio of 84.00, a price-to-earnings-growth ratio of 6.94 and a beta of 0.70.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its quarterly earnings results on Monday, October 28th. The company reported $0.10 earnings per share 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 firm had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the previous year, the business earned $0.03 EPS. CCC Intelligent Solutions's revenue for the quarter was up 7.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that CCC Intelligent Solutions will post 0.17 earnings per share for the current fiscal year.

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.