CCC Intelligent Solutions (CCCS) to Release Earnings on Tuesday

CCC Intelligent Solutions (NYSE:CCCS) is projected to release its earnings data after the market closes on Tuesday, February 25th. Analysts expect CCC Intelligent Solutions to post earnings of $0.10 per share and revenue of $245.09 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

CCC Intelligent Solutions Price Performance

NYSE:CCCS opened at $10.43 on Monday. The company has a current ratio of 3.19, a quick ratio of 3.19 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $6.84 billion, a P/E ratio of 521.76 and a beta of 0.71. CCC Intelligent Solutions has a 12 month low of $9.79 and a 12 month high of $12.88. The business’s 50-day moving average is $11.31 and its 200 day moving average is $11.23.

CCC Intelligent Solutions announced that its board has approved a share repurchase program on Friday, December 20th that permits the company to repurchase $300.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

A number of equities research analysts have issued reports on CCCS shares. Piper Sandler restated a “neutral” rating and set a $13.00 price objective on shares of CCC Intelligent Solutions in a research report on Wednesday, December 11th. JPMorgan Chase & Co. upped their price objective on CCC Intelligent Solutions from $13.00 to $14.00 and gave the company an “overweight” rating in a research report on Monday, December 9th. Barclays decreased their price objective on CCC Intelligent Solutions from $14.00 to $13.00 and set an “equal weight” rating on the stock in a research report on Tuesday, October 29th. Morgan Stanley upgraded CCC Intelligent Solutions from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $14.00 to $15.00 in a research report on Wednesday, November 13th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $14.00 target price on shares of CCC Intelligent Solutions in a research note on Tuesday, October 29th. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $14.00.

Insider Buying and Selling

In related news, Director Crescenzo Neil E. De bought 100,000 shares of the company’s stock in a transaction on Friday, December 20th. The shares were acquired at an average price of $12.16 per share, with a total value of $1,216,000.00. Following the transaction, the director now owns 100,000 shares of the company’s stock, valued at $1,216,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 6.67% of the stock is owned by insiders.

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.