CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Reaches New 12-Month Low – Should You Sell?

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC)’s share price hit a new 52-week low on Wednesday . The stock traded as low as $4.50 and last traded at $4.52, with a volume of 8482525 shares trading hands. The stock had previously closed at $4.88.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Citigroup lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $6.00 in a research note on Friday, April 10th. Weiss Ratings upgraded 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. Wall Street Zen upgraded CCC Intelligent Solutions Holdings Inc. Common Stock from a “hold” rating to a “buy” rating in a research note on Saturday. Barrington Research restated an “outperform” rating and issued a $14.00 price target on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Friday, April 24th. Finally, Jefferies Financial Group restated 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. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, CCC Intelligent Solutions Holdings Inc. Common Stock presently has an average rating of “Hold” and an average target price of $9.33.

CCC Intelligent Solutions Holdings Inc. Common Stock Trading Down 7.4%

The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 75.35 and a beta of 0.57. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.73.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, April 30th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.06. The business had revenue of $281.27 million for the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a return on equity of 6.08% and a net margin of 3.18%.The business’s quarterly revenue was up 11.8% on a year-over-year basis. Research analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.25 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Root Financial Partners LLC boosted its holdings 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 worth $29,000 after purchasing an additional 4,644 shares during the last quarter. Essex Financial Services Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $61,000. Kera Capital Partners Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $62,000. Citizens Financial Group Inc. RI acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $65,000. Finally, Meeder Advisory Services Inc. acquired a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the 1st quarter worth approximately $87,000. 95.79% of the stock is currently owned by institutional investors and hedge funds.

About CCC Intelligent Solutions Holdings Inc. Common Stock

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.