CCC Intelligent Solutions (CCCS) to Release Earnings on Thursday

CCC Intelligent Solutions (NYSE:CCCS) is expected to be posting its quarterly earnings results after the market closes on Thursday, July 31st. Analysts expect CCC Intelligent Solutions to post earnings of $0.08 per share and revenue of $256.21 million for the quarter. CCC Intelligent Solutions has set its FY 2025 guidance at EPS and its Q2 2025 guidance at EPS.

CCC Intelligent Solutions (NYSE:CCCS) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.08. The company had revenue of $251.57 million for the quarter, compared to the consensus estimate of $249.87 million. CCC Intelligent Solutions had a return on equity of 5.35% and a net margin of 5.02%. CCC Intelligent Solutions’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the business posted $0.09 EPS. On average, analysts expect CCC Intelligent Solutions to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

CCC Intelligent Solutions Trading Down 0.6%

CCCS opened at $9.92 on Wednesday. The stock’s fifty day moving average is $9.31 and its two-hundred day moving average is $9.58. The company has a market capitalization of $6.54 billion, a P/E ratio of 496.25 and a beta of 0.74. CCC Intelligent Solutions has a 52 week low of $8.14 and a 52 week high of $12.88. The company has a quick ratio of 3.19, a current ratio of 3.19 and a debt-to-equity ratio of 0.39.

Analyst Ratings Changes

Several research analysts have commented on the company. JPMorgan Chase & Co. downgraded CCC Intelligent Solutions from a “neutral” rating to an “underweight” rating and set a $10.00 price objective on the stock. in a report on Monday, June 23rd. The Goldman Sachs Group reduced their price objective on CCC Intelligent Solutions from $13.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, May 7th. Morgan Stanley reduced their price objective on CCC Intelligent Solutions from $15.00 to $13.00 and set an “overweight” rating on the stock in a report on Wednesday, April 16th. Piper Sandler reduced their price objective on CCC Intelligent Solutions from $11.00 to $9.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Barclays reduced their price objective on 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. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $12.06.

Insider Buying and Selling

In other CCC Intelligent Solutions news, Director Eric Wei sold 30,000,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $9.08, for a total transaction of $272,400,000.00. Following the sale, the director owned 1,562,344 shares of the company’s stock, valued at approximately $14,186,083.52. This trade represents a 95.05% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lauren Young sold 30,000,000 shares of the stock in a transaction on Tuesday, May 20th. The shares were sold at an average price of $9.08, for a total value of $272,400,000.00. Following the sale, the director directly owned 1,562,344 shares in the company, valued at $14,186,083.52. This trade represents a 95.05% decrease in their position. The disclosure for this sale can be found here. 6.03% of the stock is currently owned by corporate insiders.

Institutional Trading of CCC Intelligent Solutions

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. boosted its position in shares of CCC Intelligent Solutions by 40.4% in the 1st 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 boosted its position in shares of CCC Intelligent Solutions by 68.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,578 shares of the company’s stock worth $394,000 after purchasing an additional 17,633 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of CCC Intelligent Solutions by 1,761.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 3,006,256 shares of the company’s stock worth $27,146,000 after purchasing an additional 2,844,773 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of 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 worth $11,126,000 after purchasing an additional 74,208 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in shares of CCC Intelligent Solutions by 179.6% in the 1st quarter. Jane Street Group LLC now owns 679,581 shares of the company’s stock worth $6,137,000 after purchasing an additional 436,561 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Company Profile

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.