The stock of CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) last traded at $10.99, down -5.99% from the previous session.
Data from the available sources indicates that CCC Intelligent Solutions Holdings Inc (NASDAQ:CCCS) is covered by 13 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $14.50 and a low of $11.00, we find $13.00. Given the previous closing price of $11.69, this indicates a potential upside of 11.21 percent. CCCS stock price is now -6.17% away from the 50-day moving average and 6.85% away from the 200-day moving average. The market capitalization of the company currently stands at $6.95B.
In total, 3 analysts have assigned it a hold rating, and 10 have given it a buy rating. Brokers who have rated the stock have averaged $13.21 as their price target over the next twelve months.
With the price target of $14, Stifel recently initiated with Buy rating 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 $2.11 million. Insiders disposed of 938,248 shares of company stock worth roughly $10.31 million over the past 1 year. A total of 75.25% of the company’s stock is owned by insiders.
With an opening price of $10.83 on Thursday 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 $8.24 and a high of $13.41. As of last week, the company has a debt-to-equity ratio of 0.43, a current ratio of 3.95, and a quick ratio of 3.95. The fifty day moving average price for CCCS is $11.71 and a two-hundred day moving average price translates $10.29 for the stock.
The latest earnings results from CCC Intelligent Solutions Holdings Inc (NASDAQ: CCCS) was released for Sep, 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 -10.32% and return on equity was -4.24% for CCCS. The company reported revenue of $221.15 million for the quarter, compared to $198.73 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 11.28 percent. For the current quarter, analysts expect CCCS to generate $216.28M in revenue.
