CCC Intelligent Solutions (CCCS) to Release Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is projected to release its results after the market closes on Tuesday, February 24th. Analysts expect CCC Intelligent Solutions to post earnings of $0.10 per share for the quarter.

CCC Intelligent Solutions Stock Down 0.8%

Shares of CCCS stock opened at $5.09 on Monday. The stock has a market cap of $3.31 billion, a P/E ratio of 254.63 and a beta of 0.72. The company has a debt-to-equity ratio of 0.39, a current ratio of 3.19 and a quick ratio of 3.19. The stock has a fifty day moving average price of $7.33 and a 200 day moving average price of $8.28. CCC Intelligent Solutions has a one year low of $8.14 and a one year high of $12.88.

Institutional Investors Weigh In On CCC Intelligent Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the business. Advisors Asset Management Inc. boosted its stake in CCC Intelligent Solutions by 40.4% in the first quarter. Advisors Asset Management Inc. now owns 6,599 shares of the company’s stock worth $60,000 after purchasing an additional 1,898 shares in the last quarter. NewEdge Advisors LLC lifted its position in CCC Intelligent Solutions by 68.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock worth $394,000 after buying an additional 17,633 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in CCC Intelligent Solutions by 1,761.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company’s stock worth $27,146,000 after acquiring an additional 2,844,773 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in CCC Intelligent Solutions by 6.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,232,145 shares of the company’s stock valued at $11,126,000 after acquiring an additional 74,208 shares in the last quarter. Finally, Jane Street Group LLC raised its stake in shares of CCC Intelligent Solutions by 179.6% in the first quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock worth $6,137,000 after acquiring an additional 436,561 shares during the last quarter. 95.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCCS has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on shares of CCC Intelligent Solutions from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Friday, October 31st. Barrington Research reissued an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions in a report on Monday, October 27th. Jefferies Financial Group set a $11.00 price target on CCC Intelligent Solutions in a research note on Thursday, October 30th. Finally, Piper Sandler lowered their price target on CCC Intelligent Solutions from $10.00 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, October 31st. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $11.38.

CCC Intelligent Solutions Company Profile

CCC Intelligent Solutions Inc (NYSE: CCCS) is a leading provider of digital solutions and data analytics to the property and casualty insurance, automotive repair, and connected vehicle markets. The company’s core offerings are designed to improve the efficiency, accuracy, and transparency of collision repair and claims processes. By leveraging advanced machine learning, computer vision, and telematics, CCC enables insurers, repair shops, and vehicle owners to streamline workflows, enhance decision-making, and reduce cycle times.

The company’s flagship platform, CCC ONE®, integrates estimating, repair management, parts sourcing, supplier collaboration, and digital transaction workflows into a single, cloud-based environment.