OP Asset Management Ltd Takes Position in CCC Intelligent Solutions Holdings Inc. Common Stock $CCC

OP Asset Management Ltd purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) in the 1st quarter, Holdings Channel reports. The fund purchased 135,990 shares of the company’s stock, valued at approximately $816,000.

A number of other large investors have also modified their holdings of the company. Evolve Private Wealth LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter valued at about $116,000. SG Americas Securities LLC acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $3,254,000. Finally, Krilogy Financial LLC bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 1st quarter worth about $215,000. Institutional investors and hedge funds own 95.79% of the company’s stock.

Wall Street Analyst Weigh In

CCC has been the topic of several analyst reports. Wall Street Zen upgraded shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Barrington Research reiterated an “outperform” rating and set a $14.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating and issued a $8.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Saturday, May 9th. Citigroup cut CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and lowered their target price for the company from $10.00 to $6.00 in a research report on Friday, April 10th. Finally, Weiss Ratings raised CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock presently has a consensus rating of “Hold” and a consensus price target of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 2.2%

CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $4.90 on Tuesday. The firm has a market cap of $2.88 billion, a PE ratio of 81.68 and a beta of 0.53. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25. The firm’s 50-day moving average is $4.77. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52 week low of $4.08 and a 52 week high of $10.50.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued 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 company had revenue of $281.27 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.18% and a return on equity of 6.08%. The firm’s quarterly revenue was up 11.8% 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 fiscal year.

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.