CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) from a buy rating to a hold rating in a research report released on Saturday morning.

CCC has been the topic of a number of other research reports. Barrington Research restated an “outperform” rating and issued a $14.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Jefferies Financial Group set a $7.00 price target on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd. Weiss Ratings upgraded 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. Finally, Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $10.00 to $6.00 in a research note on Friday, April 10th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of “Hold” and a consensus target price of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

NASDAQ CCC opened at $6.30 on Friday. The firm has a market capitalization of $3.71 billion, a P/E ratio of 78.76 and a beta of 0.49. The firm’s fifty day simple moving average is $5.27. CCC Intelligent Solutions Holdings Inc. Common Stock has a 1 year low of $4.08 and a 1 year high of $10.14. The company has a quick ratio of 1.56, a current ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.10 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.05. The company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The firm’s quarterly revenue was up 9.8% on a year-over-year basis. Research analysts expect that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

A number of hedge funds have recently bought and sold shares of CCC. Principal Financial Group Inc. raised its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 37,848,476 shares of the company’s stock worth $227,091,000 after buying an additional 1,189,466 shares during the period. Wasatch Advisors LP grew its stake in 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 acquiring an additional 5,440,768 shares during the period. Bank of America Corp DE grew its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2.4% in the 1st quarter. Bank of America Corp DE now owns 14,004,344 shares of the company’s stock valued at $84,026,000 after acquiring an additional 324,678 shares during the period. Van Berkom & Associates Inc. increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 15.5% in the 1st quarter. Van Berkom & Associates Inc. now owns 13,515,096 shares of the company’s stock worth $81,091,000 after acquiring an additional 1,814,248 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 6.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 11,043,781 shares of the company’s stock worth $66,254,000 after acquiring an additional 695,892 shares in the last quarter. Hedge funds and other institutional investors own 95.79% of the company’s stock.

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.