CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Has Consensus Price Target of $9.12 According to Analysts

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) have been assigned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $8.79.

CCC has been the topic of several analyst reports. Truist Financial set a $7.75 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday. Citigroup increased their price objective 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. Stifel Nicolaus restated a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 2nd. CJS Securities downgraded CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a research note on Friday. Finally, Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, October 8th.

CCC Intelligent Solutions Holdings Inc. Common Stock Price Performance

Shares of NASDAQ:CCC traded down $0.02 during trading on Friday, reaching $7.61. 105,677,928 shares of the company’s stock traded hands, compared to its average volume of 28,801,268. The stock has a market cap of $4.48 billion, a PE ratio of 95.14 and a beta of 0.47. CCC Intelligent Solutions Holdings Inc. Common Stock has a 12 month low of $4.08 and a 12 month high of $9.44. The company’s 50 day moving average is $7.02. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56.

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 (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.05. The business 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%. CCC Intelligent Solutions Holdings Inc. Common Stock’s revenue for the quarter was up 9.8% on a year-over-year basis. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 earnings per share for the current fiscal year.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CCC. Nykredit A S bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter worth $26,000. Root Financial Partners LLC boosted its position in shares of 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 valued at $29,000 after purchasing an additional 4,644 shares in the last quarter. Essential Partners LLC bought a new stake in CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter worth approximately $38,000. IFP Advisors Inc grew its position in CCC Intelligent Solutions Holdings Inc. Common Stock by 99.9% in the second quarter. IFP Advisors Inc now owns 8,179 shares of the company’s stock worth $42,000 after buying an additional 4,088 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter worth approximately $53,000. 95.79% of the stock is owned by institutional investors.

Key Stories Impacting CCC Intelligent Solutions Holdings Inc. Common Stock

Here are the key news stories impacting CCC Intelligent Solutions Holdings Inc. Common Stock this week:

• Positive Sentiment: CCC agreed to be acquired for $7.75 per share in cash, providing shareholders with a clear takeout value and helping explain the sharp increase in trading activity. The transaction is subject to customary closing conditions and approvals. CCC Intelligent Solutions acquisition announcement
• Positive Sentiment: The offer is backed by major private-equity investors, GTCR and Elliott, which may support confidence in the financing and execution of the transaction. Reports variously describe the deal’s value based on enterprise or equity value, while CCC’s announcement cites approximately $6.1 billion in enterprise value. CCC acquisition terms
• Neutral Sentiment: Trading in CCC was temporarily halted for “news pending” before the acquisition announcement. With shares trading close to the offer price, further upside may be limited unless a competing bid emerges or the deal terms improve. GTCR and Elliott acquisition report
• Negative Sentiment: Several shareholder-rights law firms, including Ademi LLP, Halper Sadeh and Brodsky & Smith, announced investigations into whether $7.75 per share fairly values CCC, whether insiders received benefits and whether the board adequately pursued competing offers. These investigations could create deal-related delays or pressure for improved terms, although they do not by themselves indicate that the transaction will fail. Ademi shareholder investigation

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.