Stifel Nicolaus Reaffirms “Buy” Rating for CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)‘s stock had its “buy” rating reaffirmed by equities researchers at Stifel Nicolaus in a report issued on Thursday,Benzinga reports. They currently have a $9.00 target price on the stock. Stifel Nicolaus’ price objective would indicate a potential upside of 61.29% from the stock’s current price.

Several other analysts have also recently issued reports on the stock. Barrington Research reiterated 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. Weiss Ratings upgraded shares of 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. Wall Street Zen raised 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. Citigroup cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $10.00 to $6.00 in a research report on Friday, April 10th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $8.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Saturday, May 9th. Three 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $9.25.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

CCC traded up $0.20 during midday trading on Thursday, reaching $5.58. 1,534,716 shares of the company were exchanged, compared to its average volume of 11,924,111. The company has a market cap of $3.28 billion, a P/E ratio of 93.02 and a beta of 0.51. CCC Intelligent Solutions Holdings Inc. Common Stock has a one year low of $4.08 and a one year high of $10.50. The stock has a fifty day moving average of $4.76. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.25 and a current ratio of 1.25.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its 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. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The firm had revenue of $281.27 million for the quarter. The business’s revenue was up 11.8% on a year-over-year basis. As a group, sell-side analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.26 earnings per share for the current fiscal year.

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

Several hedge funds and other institutional investors have recently modified their holdings of CCC. SG Americas Securities LLC purchased a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at $3,254,000. OP Asset Management Ltd purchased a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth about $816,000. Wasatch Advisors LP grew its stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% during 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. ARQ Wealth Advisors LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter valued at about $125,000. Finally, Elevation Point Wealth Partners LLC increased its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 69.3% during 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 during the last quarter. 95.79% of the stock is owned by institutional investors.

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.