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.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
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.
