CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) Receives $13.63 Average Target Price from Analysts

Shares of CCC Intelligent Solutions Holdings Inc. (NYSE:CCCS) have been given a consensus rating of “Moderate Buy” by the eight analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $13.63.

A number of equities research analysts recently weighed in on the stock. Barclays raised their target price on shares of CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “equal weight” rating in a research note on Thursday, February 29th. Evercore ISI raised their target price on shares of CCC Intelligent Solutions from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Wednesday, March 13th. Piper Sandler raised their target price on shares of CCC Intelligent Solutions from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Citigroup reaffirmed a “buy” rating and issued a $13.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 8th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Thursday, February 29th.

CCC Intelligent Solutions Trading Up 0.3 %

Shares of CCC Intelligent Solutions stock opened at $11.53 on Monday. CCC Intelligent Solutions has a 12-month low of $8.42 and a 12-month high of $13.41. The company has a market cap of $6.97 billion, a price-to-earnings ratio of -54.90 and a beta of 0.62. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43. The company’s 50-day moving average price is $11.75 and its 200-day moving average price is $11.51.

CCC Intelligent Solutions (NYSE:CCCS) last announced its quarterly earnings results on Wednesday, February 28th. The company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). CCC Intelligent Solutions had a positive return on equity of 5.80% and a negative net margin of 10.67%. The firm had revenue of $228.60 million during the quarter, compared to analysts’ expectations of $222.80 million. On average, equities analysts expect that CCC Intelligent Solutions will post 0.18 earnings per share for the current fiscal year.

Insider Buying and Selling at CCC Intelligent Solutions

In other news, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $11.33, for a total value of $466,401,024.87. Following the transaction, the director now owns 5,164,022 shares in the company, valued at $58,508,369.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Lauren Young sold 41,165,139 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $11.33, for a total value of $466,401,024.87. Following the transaction, the director now owns 5,164,022 shares in the company, valued at $58,508,369.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Rodney Christo sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $12.50, for a total transaction of $375,000.00. Following the completion of the transaction, the chief accounting officer now owns 14,154 shares in the company, valued at approximately $176,925. The disclosure for this sale can be found here. Insiders have sold 59,706,755 shares of company stock worth $681,785,331 over the last ninety days. Insiders own 6.47% of the company’s stock.

Institutional Trading of CCC Intelligent Solutions

Several large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in CCC Intelligent Solutions by 34.0% in the fourth quarter. Vanguard Group Inc. now owns 23,809,077 shares of the company’s stock valued at $271,185,000 after acquiring an additional 6,043,282 shares in the last quarter. Brown Advisory Inc. lifted its position in CCC Intelligent Solutions by 128.7% during the fourth quarter. Brown Advisory Inc. now owns 10,436,353 shares of the company’s stock valued at $118,870,000 after buying an additional 5,873,823 shares during the period. Allspring Global Investments Holdings LLC lifted its position in CCC Intelligent Solutions by 59.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 10,312,688 shares of the company’s stock valued at $123,340,000 after buying an additional 3,861,020 shares during the period. Invesco Ltd. lifted its position in CCC Intelligent Solutions by 19.2% during the third quarter. Invesco Ltd. now owns 7,822,986 shares of the company’s stock valued at $104,437,000 after buying an additional 1,260,457 shares during the period. Finally, Riverbridge Partners LLC lifted its position in CCC Intelligent Solutions by 41.6% during the fourth quarter. Riverbridge Partners LLC now owns 6,836,239 shares of the company’s stock valued at $77,865,000 after buying an additional 2,009,175 shares during the period. 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.