CCC Intelligent Solutions (NYSE:CCCS) Rating Reiterated by Citigroup

CCC Intelligent Solutions (NYSE:CCCSGet Free Report)‘s stock had its “buy” rating reiterated by equities research analysts at Citigroup in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $13.00 target price on the stock. Citigroup’s target price would indicate a potential upside of 15.56% from the company’s current price.

Other analysts also recently issued reports about the stock. Piper Sandler reissued a “neutral” rating and issued a $11.00 target price on shares of CCC Intelligent Solutions in a research report on Tuesday, November 7th. Morgan Stanley initiated coverage on shares of CCC Intelligent Solutions in a report on Tuesday, December 12th. They issued an “equal weight” rating and a $13.00 price objective for the company. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, CCC Intelligent Solutions currently has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Read Our Latest Report on CCCS

CCC Intelligent Solutions Trading Up 0.4 %

Shares of NYSE CCCS opened at $11.25 on Thursday. The business has a 50 day simple moving average of $11.18 and a 200 day simple moving average of $11.31. CCC Intelligent Solutions has a 52 week low of $8.33 and a 52 week high of $13.41. The stock has a market cap of $6.78 billion, a price-to-earnings ratio of -56.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.13 and a current ratio of 4.13.

Insider Buying and Selling

In related news, Director International L.P. Advent sold 22,000,000 shares of CCC Intelligent Solutions stock in a transaction on Monday, January 8th. The shares were sold at an average price of $10.47, for a total value of $230,340,000.00. Following the transaction, the director now owns 6,119,048 shares in the company, valued at approximately $64,066,432.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.47% of the stock is owned by insiders.

Institutional Trading of CCC Intelligent Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Park Place Capital Corp boosted its position in shares of CCC Intelligent Solutions by 65.9% in the fourth quarter. Park Place Capital Corp now owns 4,175 shares of the company’s stock valued at $48,000 after acquiring an additional 1,659 shares during the period. Captrust Financial Advisors bought a new stake in CCC Intelligent Solutions in the 2nd quarter valued at $53,000. Tower Research Capital LLC TRC grew its position in CCC Intelligent Solutions by 21.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,403 shares of the company’s stock worth $61,000 after purchasing an additional 968 shares during the last quarter. Quantbot Technologies LP increased its holdings in shares of CCC Intelligent Solutions by 252.1% during the 1st quarter. Quantbot Technologies LP now owns 5,735 shares of the company’s stock worth $63,000 after purchasing an additional 4,106 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of CCC Intelligent Solutions by 29.4% during the second quarter. Fifth Third Bancorp now owns 6,955 shares of the company’s stock valued at $78,000 after buying an additional 1,581 shares during the last quarter. Institutional investors and hedge funds own 95.78% of the company’s stock.

CCC Intelligent Solutions Company Profile

(Get Free Report)

CCC Intelligent Solutions Holdings Inc provides cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. 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 insurance carriers, collision repairers, parts suppliers, automotive manufactures, financial institution, and others.

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Analyst Recommendations for CCC Intelligent Solutions (NYSE:CCCS)

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