Analysts Set CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Target Price at $13.78

CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) has been given a consensus recommendation of “Moderate Buy” by the nine research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $13.78.

Several equities analysts have recently issued reports 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 initiated coverage on shares of 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 reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Wednesday, July 31st.

Insiders Place Their Bets

In other CCC Intelligent Solutions news, CAO Rodney Christo sold 4,177 shares of the firm’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 $42,772.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Rodney Christo sold 4,177 shares of CCC Intelligent Solutions stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $10.24, for a total transaction of $42,772.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Githesh Ramamurthy sold 55,488 shares of CCC Intelligent Solutions stock in a transaction dated Thursday, June 27th. The shares were sold at an average price of $11.58, for a total transaction of $642,551.04. Following the transaction, the insider now owns 6,463,840 shares of the company’s stock, valued at $74,851,267.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,292,611 shares of company stock worth $285,547,265. 6.67% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Banque Cantonale Vaudoise boosted its holdings in CCC Intelligent Solutions by 128.4% during the first quarter. Banque Cantonale Vaudoise now owns 2,533 shares of the company’s stock worth $30,000 after purchasing an additional 1,424 shares during the last quarter. American International Group Inc. boosted its holdings in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock worth $33,000 after purchasing an additional 1,135 shares during the last quarter. CWM LLC boosted its holdings in CCC Intelligent Solutions by 352.6% during the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after purchasing an additional 2,419 shares during the last quarter. Twin Tree Management LP purchased a new position in CCC Intelligent Solutions during the first quarter worth about $53,000. Finally, Coldstream Capital Management Inc. purchased a new position in CCC Intelligent Solutions during the fourth quarter worth about $119,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

CCC Intelligent Solutions Price Performance

CCCS stock opened at $10.87 on Friday. The company has a fifty day moving average price of $10.87 and a 200-day moving average price of $11.30. The company has a market capitalization of $6.76 billion, a P/E ratio of -51.76 and a beta of 0.62. CCC Intelligent Solutions has a 52-week low of $9.79 and a 52-week high of $13.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 2.79.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings results on Tuesday, July 30th. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The firm had revenue of $232.60 million during the quarter, compared to the consensus estimate of $230.16 million. CCC Intelligent Solutions had a net margin of 2.36% and a return on equity of 5.16%. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.02 earnings per share. As a group, equities analysts expect that CCC Intelligent Solutions will post 0.15 EPS for the current 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.