The stock of CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) last traded at $10.77, down -2.00% from the previous session.
Data from the available sources indicates that CCC Intelligent Solutions Holdings Inc. (NASDAQ:CCCS) is covered by 11 analysts. 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 $11.00, we find $13.00. Given the previous closing price of $10.99, this indicates a potential upside of 18.29 percent. CCCS stock price is now -0.37% away from the 50-day moving average and 14.76% away from the 200-day moving average. The market capitalization of the company currently stands at $6.69B.
In total, 3 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $12.70 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 $2.07 million. Insiders disposed of 1,109,648 shares of company stock worth roughly $11.95 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 BROWN ADVISORY INC during the first quarter worth $12,092,000. QUBE RESEARCH & TECHNOLOGIES LTD invested $3,592,000 in shares of CCCS during the first quarter. In the first quarter, STATE OF NEW JERSEY COMMON PENSION FUND D acquired a new stake in CCC Intelligent Solutions Holdings Inc. valued at approximately $2,359,000. FIRST TRUST ADVISORS LP acquired a new stake in CCCS for approximately $1,904,000. MCMORGAN & CO LLC purchased a new stake in CCCS valued at around $1,840,000 in the second quarter.
With an opening price of $11.00 on Wednesday morning, CCC Intelligent Solutions Holdings Inc. (NASDAQ: CCCS) set off the trading day. 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 $10.83 and a two-hundred day moving average price translates $9.40 for the stock.
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 $211.71 million for the quarter, compared to $192.79 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 9.82 percent. For the current quarter, analysts expect CCCS to generate $214.78M in revenue.
