CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Consensus Recommendation of “Hold” from Analysts

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) have received an average rating of “Hold” from the five analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.25.

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Jefferies Financial Group reissued a “buy” rating and set a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Saturday, May 9th. Citigroup downgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. Barrington Research restated an “outperform” rating and issued a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Friday, April 24th. Finally, Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CCC. Evolve Private Wealth LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at approximately $116,000. SG Americas Securities LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $3,254,000. Krilogy Financial LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $215,000. OP Asset Management Ltd acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth about $816,000. Finally, Wasatch Advisors LP raised its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock valued at $169,391,000 after purchasing an additional 5,440,768 shares during the period. Institutional investors and hedge funds own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Up 4.6%

Shares of NASDAQ:CCC traded up $0.25 during mid-day trading on Thursday, reaching $5.63. 3,412,668 shares of the stock were exchanged, compared to its average volume of 11,939,589. The business’s 50 day moving average price is $4.76. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $10.50. The company has a market capitalization of $3.30 billion, a P/E ratio of 93.85 and a beta of 0.51. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.73.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released its quarterly earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.06. The firm had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The firm’s quarterly revenue was up 11.8% on a year-over-year basis. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 EPS for the current fiscal year.

About CCC Intelligent Solutions Holdings Inc. Common Stock

CCC Intelligent Solutions Holdings Inc is a provider of cloud, mobile, AI, telematics, hyperscale technologies, and applications for the property and casualty insurance economy. The company’s SaaS platform connects trading partners, facilitates commerce, and supports mission-critical, AI-enabled digital workflows. It operates in a single segment being Domestic segment, which provides SAAS platform for the P&C insurance economy and derives revenues from providing customers with software subscriptions to the platform in addition to providing professional services and non-software services.