CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Receives Average Recommendation of “Hold” from Brokerages

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) have been given a consensus rating of “Hold” by the five analysts that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.1250.

CCC has been the subject of a number of analyst reports. Jefferies Financial Group set a $7.00 price objective on CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Thursday, July 30th. Stifel Nicolaus reissued a “buy” rating and issued a $9.00 target price on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research note on Thursday, July 2nd. Citigroup raised their price target on CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of CCC Intelligent Solutions Holdings Inc. Common Stock in a research report on Friday, July 31st. Finally, 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.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of CCC opened at $7.60 on Friday. CCC Intelligent Solutions Holdings Inc. Common Stock has a fifty-two week low of $4.08 and a fifty-two week high of $10.14. The business has a 50-day simple moving average of $6.11. The stock has a market capitalization of $4.48 billion, a PE ratio of 95.01 and a beta of 0.50. The company has a current ratio of 1.56, a quick ratio of 1.56 and a debt-to-equity ratio of 0.71.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last released 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 firm had revenue of $285.93 million during the quarter. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. Equities research analysts predict that CCC Intelligent Solutions Holdings Inc. Common Stock will post 0.27 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Evolve Private Wealth LLC bought a new position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock in the first quarter worth approximately $116,000. SG Americas Securities LLC purchased a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $3,254,000. Krilogy Financial LLC bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $215,000. OP Asset Management Ltd bought a new stake in shares of CCC Intelligent Solutions Holdings Inc. Common Stock during the first quarter valued at approximately $816,000. Finally, Wasatch Advisors LP raised its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 23.9% in the 1st quarter. Wasatch Advisors LP now owns 28,231,760 shares of the company’s stock worth $169,391,000 after acquiring an additional 5,440,768 shares during the last quarter. 95.79% of the stock is owned by hedge funds and other institutional investors.

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.