CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $9.1250.

A number of equities analysts recently commented on CCC shares. Citigroup lifted their target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Jefferies Financial Group set a $7.00 price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 30th. Weiss Ratings upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “sell (d+)” rating to a “hold (c-)” rating in a report on Wednesday, September 2nd. Wall Street Zen lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a report on Thursday, July 2nd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. WINTON GROUP Ltd bought a new position in CCC Intelligent Solutions Holdings Inc. Common Stock in the 2nd quarter valued at approximately $53,000. Engineers Gate Manager LP purchased a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 2nd quarter worth $2,416,000. NewEdge Advisors LLC grew its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 48.2% during the second quarter. NewEdge Advisors LLC now owns 162,149 shares of the company’s stock valued at $837,000 after purchasing an additional 52,751 shares during the period. IFP Advisors Inc grew its stake 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 acquiring an additional 4,088 shares during the period. Finally, Nykredit A S bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the second quarter worth approximately $26,000. 95.79% of the stock is owned by hedge funds and other institutional investors.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Down 1.9%

Shares of NASDAQ CCC opened at $6.76 on Tuesday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.56 and a quick ratio of 1.56. The business has a 50-day simple moving average of $6.65. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 84.51 and a beta of 0.49. CCC Intelligent Solutions Holdings Inc. Common Stock has a twelve month low of $4.08 and a twelve month high of $9.90.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last announced its earnings results on Thursday, July 30th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.05. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 3.81% and a return on equity of 7.18%. The business had revenue of $285.93 million during the quarter. The company’s revenue was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current fiscal year.

CCC Intelligent Solutions Holdings Inc. Common Stock Company Profile

CCC Intelligent Solutions Holdings Inc provides cloud-based software and technology services for the property and casualty insurance economy. Its platform connects insurers, collision repair facilities, automakers, parts suppliers, lenders, and other participants involved in vehicle claims and repairs.

The company’s solutions support claims management, estimating, workflow automation, digital payments, total-loss processing, vehicle valuation, and collision-repair operations. CCC also uses artificial intelligence, computer vision, predictive analytics, and data capabilities to help customers assess vehicle damage, streamline claims, improve repair processes, and enhance customer communication.

CCC traces its history to 1980 and primarily serves the North American insurance and automotive markets.