CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Shares Climb 8.4% – What’s Next?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) shares traded up 8.4% during mid-day trading on Friday. The stock traded as high as $7.15 and last traded at $7.12. Approximately 3,076,909 shares were traded during mid-day trading, a decline of 73% from the average session volume of 11,401,002 shares. The stock had previously closed at $6.57.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, September 2nd. Stifel Nicolaus reissued a “buy” rating and set a $9.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Wall Street Zen cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Jefferies Financial Group set a $7.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Finally, Citigroup increased their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock currently has a consensus rating of “Moderate Buy” and an average price target of $9.12.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Up 7.3%

The stock has a market cap of $4.15 billion, a P/E ratio of 88.14 and a beta of 0.47. The firm has a 50 day moving average price of $6.89. 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 released its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 7.18% and a net margin of 3.81%.The company had revenue of $285.93 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock’s quarterly revenue was up 9.8% on a year-over-year basis. As a group, equities research analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

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

A number of institutional investors and hedge funds have recently made changes to their positions in CCC. Root Financial Partners LLC raised its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 2,170.1% during the 1st quarter. Root Financial Partners LLC now owns 4,858 shares of the company’s stock worth $29,000 after buying an additional 4,644 shares during the period. Nykredit A S purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter valued at $26,000. Essential Partners LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $38,000. IFP Advisors Inc increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% during the 2nd quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock valued at $42,000 after purchasing an additional 4,088 shares during the last quarter. Finally, Essex Financial Services Inc. purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $61,000. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services to the property and casualty insurance economy. Its platform helps insurers, collision repair facilities, automakers, parts suppliers and other participants manage automotive claims and related workflows more efficiently.

The company’s products support the claims lifecycle, including digital claim intake, damage estimating, vehicle repair management, total-loss processing, payments, customer communications and analytics.