CCC Intelligent Solutions Holdings (CCCS) Gets a Hold from Barclays
In a report released today, Saket Kalia from Barclays maintained a Hold rating on CCC Intelligent Solutions Holdings (CCCS – Research Report), with a price target of $11.00. The company's shares closed yesterday at $9.03.
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According to TipRanks, Kalia is a 5-star analyst with an average return of 15.0% and a 62.37% success rate. Kalia covers the Technology sector, focusing on stocks such as Autodesk, CCC Intelligent Solutions Holdings, and Adobe.
CCC Intelligent Solutions Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $11.67, a 29.24% upside from current levels. In a report released on May 7, Piper Sandler also maintained a Hold rating on the stock with a $9.00 price target.
Based on CCC Intelligent Solutions Holdings' latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $251.57 million and a GAAP net loss of $18.7 million. In comparison, last year the company earned a revenue of $227.24 million and had a GAAP net loss of $1.74 million
Based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CCCS in relation to earlier this year.
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