CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) Stock Rating Lowered by Evercore

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) was downgraded by analysts at Evercore from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday, Zacks reports.

CCC has been the topic of a number of other reports. Jefferies Financial Group cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “buy” rating to a “hold” rating and set a $7.75 price target on the stock. in a research note on Thursday, October 15th. Citigroup lifted their price objective on shares of CCC Intelligent Solutions Holdings Inc. Common Stock from $6.00 to $6.50 and gave the company a “neutral” rating in a research note on Monday, August 3rd. William Blair cut shares of CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “hold” rating in a report on Thursday, October 15th. CJS Securities downgraded CCC Intelligent Solutions Holdings Inc. Common Stock to a “market perform” rating in a research report on Friday, October 16th. Finally, Barrington Research lowered CCC Intelligent Solutions Holdings Inc. Common Stock from a “strong-buy” rating to a “strong sell” rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, CCC Intelligent Solutions Holdings Inc. Common Stock currently has a consensus rating of “Hold” and a consensus target price of $8.79.

CCC Intelligent Solutions Holdings Inc. Common Stock Stock Performance

Shares of CCC Intelligent Solutions Holdings Inc. Common Stock stock opened at $7.68 on Tuesday. The stock has a market capitalization of $4.54 billion, a P/E ratio of 59.08 and a beta of 0.38. CCC Intelligent Solutions Holdings Inc. Common Stock has a 52-week low of $4.08 and a 52-week high of $8.68. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.05 and a current ratio of 2.05. The stock’s 50-day simple moving average is $7.14 and its 200 day simple moving average is $6.04.

CCC Intelligent Solutions Holdings Inc. Common Stock (NASDAQ:CCC) last issued its earnings results on Thursday, October 29th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.07. The firm had revenue of $294.09 million during the quarter. CCC Intelligent Solutions Holdings Inc. Common Stock had a net margin of 6.54% and a return on equity of 9.11%. The company’s revenue was up 10.1% 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 year.

Institutional Trading of CCC Intelligent Solutions Holdings Inc. Common Stock

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Parallel Advisors LLC boosted its holdings in CCC Intelligent Solutions Holdings Inc. Common Stock by 46.1% in the 3rd quarter. Parallel Advisors LLC now owns 6,038 shares of the company’s stock valued at $40,000 after purchasing an additional 1,904 shares during the period. Platform Technology Partners increased its holdings in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 18.2% in the third quarter. Platform Technology Partners now owns 14,180 shares of the company’s stock worth $94,000 after purchasing an additional 2,182 shares during the period. Central Pacific Bank Trust Division raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 5.1% in the third quarter. Central Pacific Bank Trust Division now owns 47,800 shares of the company’s stock worth $318,000 after buying an additional 2,320 shares in the last quarter. Wedmont Private Capital raised its position in shares of CCC Intelligent Solutions Holdings Inc. Common Stock by 22.9% in the second quarter. Wedmont Private Capital now owns 13,796 shares of the company’s stock worth $71,000 after buying an additional 2,568 shares in the last quarter. Finally, Empowered Funds LLC boosted its stake in CCC Intelligent Solutions Holdings Inc. Common Stock by 18.8% during the first quarter. Empowered Funds LLC now owns 22,519 shares of the company’s stock valued at $135,000 after buying an additional 3,556 shares during the period. Institutional investors own 95.79% of the company’s stock.

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 helps insurers, automotive repairers, automakers, parts suppliers and other industry participants manage vehicle claims and related workflows.

The company’s products support collision estimating, claims management, digital imaging, repair planning, payments, parts and supplier connectivity, and data-driven decision-making. CCC also uses artificial intelligence, analytics and automation to help customers improve claims processing, estimate vehicle damage, coordinate repairs and communicate with policyholders and service providers.

CCC’s business grew from CCC Information Services, a company established in 1980 to provide information and technology solutions to the automotive insurance and repair industries.