The price of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) shares last traded on Wall Street rose 1.26% to $11.21.
Based on available information, 11 analysts follow CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $14.00 and a low of $10.00, we find $11.50. Given the previous closing price of $11.07, this indicates a potential upside of 3.88 percent. CCCS stock price is now 11.74% away from the 50-day moving average and 22.05% away from the 200-day moving average. The market capitalization of the company currently stands at $6.99B.
Among analysts, 3 rate the stock a hold while 8 rate it a buy. Brokers who have rated the stock have averaged $11.70 as their price target over the next twelve months.
With the price target maintained at $13, Evercore ISI recently Upgraded its rating from In-line to Outperform for CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS).
In other news, Christo Rodney, Chief Accounting Officer sold 12,500 shares of the company’s stock on Jun 05. The stock was sold for $140,878 at an average price of $11.27. Upon completion of the transaction, the Chief Accounting Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 01, Herb Brian sold 97,459 shares of the business’s stock. A total of $1,079,719 was realized by selling the stock at an average price of $11.08. This leaves the insider owning 192,120 shares of the company worth $2.15 million. Insiders disposed of 1,405,463 shares of company stock worth roughly $15.76 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CCCS stock. A new stake in CCC Intelligent Solutions Holdings Inc. shares was purchased by WEALTH ENHANCEMENT ADVISORY SERVICES, LLC during the first quarter worth $9,926,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $3,739,000 in shares of CCCS during the first quarter. In the first quarter, FIRST TRUST ADVISORS LP acquired a new stake in CCC Intelligent Solutions Holdings Inc. valued at approximately $1,982,000. MCMORGAN & CO LLC acquired a new stake in CCCS for approximately $1,915,000. SUSQUEHANNA INTERNATIONAL GROUP, LLP purchased a new stake in CCCS valued at around $1,290,000 in the second quarter. In total, there are 188 active investors with 96.60% ownership of the company’s stock.
A candlestick chart of CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) showed a price of $11.08 on Friday morning. During the past 12 months, CCC Intelligent Solutions Holdings Inc. has had a low of $8.19 and a high of $11.40. As of last week, the company has a debt-to-equity ratio of 0.39, a current ratio of 3.90, and a quick ratio of 3.90. The fifty day moving average price for CCCS is $10.08 and a two-hundred day moving average price translates $9.19 for the stock.
The latest earnings results from CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) was released for Mar, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.07, inline with analysts’ expectations of $0.07. This compares to $0.02 EPS in the same period last year. The net profit margin was 3.60% and return on equity was 1.40% for CCCS. The company reported revenue of $204.92 million for the quarter, compared to $186.82 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.69 percent. For the current quarter, analysts expect CCCS to generate $208.5M in revenue.
CCC Intelligent Solutions Holdings Inc.(CCCS) Company Profile
CCC Intelligent Solutions Holdings Inc. provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. 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 insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others. It offers CCC Insurance solutions, including CCC Subrogation, CCC estimating, CCC total loss, CCC AI and analytics, and CCC casualty; CCC Repair solutions, such as CCC network management, CCC repair workflow, and CCC repair quality; CCC Other Ecosystem solutions, comprising CCC parts solutions, CCC automotive manufacturer solutions, CCC Diagnostics Service Provider Solutions; CCC lender solutions, and CCC payments; and CCC International solutions. The company has strategic partnership with Verisk Analytics, Inc. to bring new innovations to P&C insurance claims. The company was founded in 1980 and is headquartered in Chicago, Illinois.
