Brokerages Set CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) PT at $13.56

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $13.56.

A number of analysts have commented on CCCS shares. Bank of America started coverage on shares of CCC Intelligent Solutions in a research report on Tuesday, August 20th. They set a "buy" rating and a $15.00 price target on the stock. Barclays decreased their target price on CCC Intelligent Solutions from $14.00 to $13.00 and set an "equal weight" rating for the company in a research note on Tuesday, October 29th. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. JPMorgan Chase & Co. cut their price target on CCC Intelligent Solutions from $14.00 to $13.00 and set an "overweight" rating on the stock in a report on Tuesday, October 29th. Finally, Jefferies Financial Group lowered their price objective 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.

CCC Intelligent Solutions Trading Up 0.2 %

Shares of CCCS stock traded up $0.02 during mid-day trading on Friday, reaching $11.41. 1,599,110 shares of the stock traded hands, compared to its average volume of 3,410,760. The stock's fifty day simple moving average is $10.84 and its two-hundred day simple moving average is $10.99. CCC Intelligent Solutions has a 1-year low of $9.79 and a 1-year high of $12.68. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a market cap of $7.14 billion, a price-to-earnings ratio of 569.50, a price-to-earnings-growth ratio of 6.12 and a beta of 0.63.

CCC Intelligent Solutions (NYSE:CCCS - Get Free Report) last announced its earnings results on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping 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 business had revenue of $238.48 million during the quarter, compared to analyst estimates of $237.41 million. During the same period last year, the company earned $0.03 EPS. CCC Intelligent Solutions's revenue for the quarter was up 7.8% compared to the same quarter last year. On average, research analysts anticipate that CCC Intelligent Solutions will post 0.16 EPS for the current fiscal year.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, insider Michael John Silva sold 29,022 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total value of $311,986.50. Following the completion of the sale, the insider now directly owns 30,172 shares of the company's stock, valued at approximately $324,349. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Mary Jo Prigge sold 38,816 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $10.25, for a total transaction of $397,864.00. Following the completion of the sale, the insider now owns 97,268 shares in the company, valued at approximately $996,997. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Michael John Silva sold 29,022 shares of the business's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $10.75, for a total transaction of $311,986.50. Following the completion of the transaction, the insider now owns 30,172 shares in the company, valued at approximately $324,349. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 6.67% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCCS. Envestnet Portfolio Solutions Inc. lifted its stake in shares of CCC Intelligent Solutions by 5.3% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 32,082 shares of the company's stock valued at $384,000 after buying an additional 1,619 shares in the last quarter. Quantbot Technologies LP boosted its holdings in shares of CCC Intelligent Solutions by 26.4% in the first quarter. Quantbot Technologies LP now owns 184,401 shares of the company's stock worth $2,205,000 after acquiring an additional 38,514 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of CCC Intelligent Solutions by 9.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 311,813 shares of the company's stock valued at $3,729,000 after purchasing an additional 26,077 shares in the last quarter. Swiss National Bank grew its position in shares of CCC Intelligent Solutions by 14.5% in the first quarter. Swiss National Bank now owns 475,900 shares of the company's stock valued at $5,692,000 after purchasing an additional 60,400 shares in the last quarter. Finally, Smithfield Trust Co bought a new stake in shares of CCC Intelligent Solutions during the 1st quarter valued at $164,000. 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.