CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Trading Down 4.5% – Should You Sell?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) shares were down 4.5% on Wednesday . The stock traded as low as $4.49 and last traded at $4.50. Approximately 2,183,449 shares were traded during trading, a decline of 82% from the average daily volume of 11,951,771 shares. The stock had previously closed at $4.71.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CCC shares. Jefferies Financial Group reiterated a “buy” rating and set a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th. Citigroup lowered 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. Weiss Ratings raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Barrington Research reaffirmed 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, Wall Street Zen raised shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 6.8%

The firm has a market capitalization of $2.58 billion, a PE ratio of 73.18 and a beta of 0.53. The business’s 50-day moving average is $4.88. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.06. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The company had revenue of $281.27 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 11.8% compared to the same quarter last year. Analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CCC Intelligent Solutions Holdings Inc. Common Stock

Institutional investors and hedge funds have recently bought and sold shares of the business. HB Wealth Management LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $192,000. Associated Banc Corp boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 33.0% in the 1st quarter. Associated Banc Corp now owns 22,368 shares of the company’s stock valued at $134,000 after purchasing an additional 5,544 shares in the last quarter. ARQ Wealth Advisors LLC acquired a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at $125,000. Elevation Point Wealth Partners LLC boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 69.3% in the 1st quarter. Elevation Point Wealth Partners LLC now owns 32,033 shares of the company’s stock valued at $192,000 after purchasing an additional 13,112 shares in the last quarter. Finally, Pictet Asset Management Holding SA boosted its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 8.2% in the 1st quarter. Pictet Asset Management Holding SA now owns 83,807 shares of the company’s stock valued at $503,000 after purchasing an additional 6,354 shares in the last quarter. Institutional investors own 95.79% of the company’s stock.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

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.