CCC Intelligent Solutions (NYSE:CCCS – Get Free Report) had its target price lowered by stock analysts at Barclays from $14.00 to $13.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential upside of 22.53% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the stock. Bank of America assumed coverage on shares of CCC Intelligent Solutions in a research note on Tuesday, August 20th. They set a “buy” rating and a $15.00 price objective on the stock. Jefferies Financial Group decreased their price objective on shares of CCC Intelligent Solutions from $14.00 to $13.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Barrington Research reissued an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.56.
View Our Latest Analysis on CCCS
CCC Intelligent Solutions Trading Down 2.9 %
CCC Intelligent Solutions (NYSE:CCCS – Get Free Report) last posted its quarterly earnings data on Monday, October 28th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.01. CCC Intelligent Solutions had a return on equity of 5.16% and a net margin of 2.36%. The company had revenue of $238.48 million for the quarter, compared to the consensus estimate of $237.41 million. During the same period in the previous year, the business earned $0.03 EPS. CCC Intelligent Solutions’s revenue for the quarter was up 7.8% compared to the same quarter last year. On average, sell-side analysts predict that CCC Intelligent Solutions will post 0.16 EPS for the current year.
Insider Transactions at CCC Intelligent Solutions
In related news, insider John Page Goodson sold 45,560 shares of CCC Intelligent Solutions stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the transaction, the insider now owns 87,892 shares of the company’s stock, valued at approximately $885,951.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, insider Michael John Silva sold 29,022 shares of CCC Intelligent Solutions stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $10.75, for a total transaction of $311,986.50. Following the transaction, the insider now owns 30,172 shares in the company, valued at approximately $324,349. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John Page Goodson sold 45,560 shares of the stock in a transaction dated Tuesday, August 6th. The stock was sold at an average price of $10.08, for a total value of $459,244.80. Following the completion of the sale, the insider now directly owns 87,892 shares of the company’s stock, valued at approximately $885,951.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 213,323 shares of company stock valued at $2,157,354 over the last three months. Company insiders own 6.67% of the company’s stock.
Hedge Funds Weigh In On CCC Intelligent Solutions
Institutional investors and hedge funds have recently bought and sold shares of the business. American International Group Inc. grew its position in CCC Intelligent Solutions by 68.6% during the first quarter. American International Group Inc. now owns 2,789 shares of the company’s stock valued at $33,000 after purchasing an additional 1,135 shares in the last quarter. CWM LLC increased its stake in shares of CCC Intelligent Solutions by 352.6% in the second quarter. CWM LLC now owns 3,105 shares of the company’s stock worth $34,000 after acquiring an additional 2,419 shares during the last quarter. Twin Tree Management LP purchased a new stake in shares of CCC Intelligent Solutions during the first quarter worth $53,000. Quarry LP boosted its position in CCC Intelligent Solutions by 304.0% during the second quarter. Quarry LP now owns 11,219 shares of the company’s stock valued at $125,000 after purchasing an additional 8,442 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its position in CCC Intelligent Solutions by 15.2% in the 2nd quarter. Parkside Financial Bank & Trust now owns 11,849 shares of the company’s stock worth $132,000 after purchasing an additional 1,564 shares during the last quarter. Hedge funds and other 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.
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