CCC Intelligent Solutions (CCCS) Expected to Post Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is projected to release its earnings data before the market opens on Tuesday, May 6th. Analysts expect CCC Intelligent Solutions to post earnings of $0.08 per share and revenue of $249.87 million for the quarter.

CCC Intelligent Solutions Trading Up 0.9 %

NYSE CCCS opened at $9.26 on Friday. The firm has a market capitalization of $6.10 billion, a PE ratio of 463.23 and a beta of 0.77. The business’s 50-day moving average price is $9.10 and its two-hundred day moving average price is $10.65. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. CCC Intelligent Solutions has a 12 month low of $8.14 and a 12 month high of $12.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Barclays dropped their target price on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set an “equal weight” rating on the stock in a report on Monday, April 14th. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $14.00 to $11.00 in a research note on Wednesday, February 26th. Morgan Stanley cut their target price on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 16th. Piper Sandler reiterated a “neutral” rating and issued a $11.00 target price (down from $13.00) on shares of CCC Intelligent Solutions in a report on Wednesday, February 26th. Finally, Barrington Research restated an “outperform” rating and set a $14.00 price target on shares of CCC Intelligent Solutions in a report on Monday, February 24th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, CCC Intelligent Solutions has a consensus rating of “Moderate Buy” and an average target price of $12.57.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eileen Schloss sold 27,478 shares of the firm’s stock in a transaction dated Thursday, April 3rd. The stock was sold at an average price of $8.60, for a total transaction of $236,310.80. Following the sale, the director now owns 26,569 shares in the company, valued at $228,493.40. This trade represents a 50.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Rodney Christo sold 5,846 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $9.15, for a total value of $53,490.90. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,087,456 shares of company stock valued at $434,240,401. Corporate insiders own 6.03% 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.